SCRAM Systems Merges with LMG Holdings, Inc.
LMG Holdings, Inc., a leading provider of ignition interlock devices including the LifeSafer® Monitech®, QuickStart Ignition Interlock®, and Guardian Interlock® brands, and Alcohol Monitoring Systems, Inc. dba SCRAM Systems®, a leading provider of electronic monitoring and software solutions for the criminal justice industry, announced today that they have joined forces to further their mission of improving public safety and outcomes for monitoring clients and judicial systems. Through this merger, the combined company offers a full spectrum of alcohol-related and other monitoring solutions and services to court systems, law enforcement, community supervision programs, treatment facilities, and other partners in North America and internationally.
The joining of SCRAM Systems and LMG brings the most complete set of offender monitoring technologies that includes ignition interlock devices, continuous transdermal alcohol monitoring, remote breath/portable alcohol monitoring, GPS, standalone RF/house arrest technology, web-based reporting and communications tools, software solutions, and ISO-certified monitoring services and support.
The combination of LMG’s and SCRAM System’s product and solutions portfolio further advances our ability to achieve our dual mission of providing protection for the public, while also facilitating rehabilitation, reducing recidivism, and providing alternatives to incarceration.”Chairman and CEO of the combined company, Marc Jourlait
SCRAM Systems and LMG Holdings share a common set of values and commitment to customers. Both companies are industry leaders, delivering solutions 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.
Glenn Tubb, COO of the combined entity added, “Both organizations have cultures deeply committed to the shared mission of helping people improve their lives and contribute positively to society through proven solutions based on evidence-based practices.”
The leaders of the combined company are committed to ensuring that this transition is as seamless as possible for customers and external constituents. Customers will not experience or notice any changes to agreements, contracts, quotes, and services. Over time, customers will receive notification of expanded service offerings, new features, and integration opportunities. SCRAM Systems and LMG remain committed to providing best-in-class solutions and outstanding customer service to our valued partners, and to leading with integrity and transparency in everything we do.
The transaction has satisfied all regulatory requirements and customary closing conditions.
Stephens Inc. served as exclusive financial advisor to SCRAM Systems and provided a fairness opinion to the Board of Directors.