FutureLogic is a leading developer of small-format embedded thermal printers. Headquartered in Glendale, CA, the company customizes its products to meet the specific demands of OEM customers for a variety of end products, including cashless slot machines, gas dispensers, medical devices, self-service kiosks, and others. The company has been very successful in the domestic and international gaming industry, where it is a key supplier to virtually every gaming machine manufacturer.
During its involvement with FutureLogic, ClearLight helped the Company identify and enter new vertical markets, diversify its customer base in existing markets and gain traction in international markets. These accomplishments contributed to revenue growth in excess of 118% during ClearLight's holding period.
"The FutureLogic management team did an outstanding job of growing the company during our tenure. They were collaborative, cooperative and dedicated. We enjoyed working with them to make strong progress in diversifying FutureLogic's customer base, expanding within the gaming market and entering new niche markets, including voting and parking. Together, we achieved strong, profitable growth, more than doubling the size of the company during our partnership," said Michael S. Kaye, Managing Partner at ClearLight Partners, LLC.
Founded in 1983, Glendale, CA based FutureLogic is the leading supplier for thermal printers found in cashless slot machines. Thermal printing is the accepted technology for transaction-based receipt printing, such as a voucher for a slot machine, a bar code label used for tracking purposes and pay-at-the-pump gasoline purchases.
"ClearLight was a very supportive partner that provided critical strategic guidance. We thoroughly enjoyed our association with ClearLight; their unique mix of financial experience and strategic and operating expertise helped take the company to the next level of success," said Anthony DiMarco, President and CEO of FutureLogic.
About ClearLight Partners
ClearLight Partners, LLC is a $300-million private equity firm based in Newport Beach, California that invests in middle-market businesses with strong potential for value creation. ClearLight seeks to partner with world-class management teams who have a track record of building successful companies within their industry and have the vision to build a market leader. Founded in 2000, ClearLight Partners focuses on a wide variety of industries, including manufacturing, consumer products, education, retail, healthcare and security services.