Financial Advisor
SCRAM Systems®
M&A Advisory
Has Merged With
A Portfolio Company Of
Transaction Details
- On April 30, 2021, Alcohol Monitoring Systems, Inc., dba SCRAM Systems®, merged with LMG Holdings, Inc. to further its mission of improving public safety and outcomes for monitoring clients and judicial systems
- The combined company offers the most complete set of offender monitoring technologies, including ignition interlock devices, continuous transdermal alcohol monitoring, remote breath/portable alcohol monitoring, GPS, standalone RF/house arrest technology, web-based reporting and communication tools, software solutions, and ISO-certified monitoring services and support, to court systems, law enforcement, community supervision programs, treatment facilities, and other partners in North America and internationally
- Stephens served as exclusive financial advisor to SCRAM Systems® and provided a fairness opinion to the Board of Directors
About the company
Alcohol Monitoring Systems, Inc.
Alcohol Monitor Systems, Inc., dba SCRAM Systems®, is a leading provider of electronic monitoring and software solutions for the criminal justice industry that improve public safety, enable people to make better decisions and empower the judicial system to fulfill its mission of getting lives back on track.
LMG Holdings, Inc.
LMG Holdings, Inc. is a leading provider of ignition interlock devices including the LifeSafer® Monitech®, QuickStart Ignition Interlock® and Guardian Interlock® brands.
The Riverside Company
The Riverside Company is a global private equity firm focused on investing in growing businesses valued at up to $400 million. Since its founding in 1988, Riverside has made more than 750 investments. The firm's international private equity and structured capital portfolios include more than 120 companies.
Sources: Company Materials
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