School Security Provider IntraLogic Receives PE Investment
Post Capital recapitalized IntraLogic, a provider of security technology for schools looking to protect their students in the event of shootings.
MASSAPEQUA, N.Y. — Private-equity firm Post Capital Partners has recapitalized IntraLogic Solutions, a technology-enabled security services provider that primarily serves schools in the Northeast.
The New York-based firm invested in the company alongside Lee Mandel, IntraLogic’s founder and CEO, who started the company in 2004. Post Capital, which generally takes minority or growth-stage stakes in companies, aims to partner with executives as part of its strategy.
No financial terms were disclosed. Mandel will continue to lead the company as its CEO.
IntraLogic Solutions provides a comprehensive security solution for a range of end markets, with a particular emphasis on school safety. The company’s solutions are intended to upgrade legacy school security infrastructure. Campuses oftentimes have disparate and antiquated systems that do not fully protect a facility and require many manual processes in the event of a crisis situation, such as an active shooter.
In addition to schools, IntraLogic’s safety and security solutions are applicable wherever people gather, such as shopping malls, hospitals, religious institutions, movie theaters and on public transportation.
“Lee has done a tremendous job of developing advanced technology and software which has allowed ILS to grow quickly over the years and to fulfill a large security void within these institutions,” says Michael Pfeffer, managing director, Post Capital.
Mandel founded IntraLogic Solutions in 2004 with the mission of solving complex and evolving security challenges through the development of software and the goal of automating and simplifying the security process for its customers.
The company’s internally-developed One-Button Lockdown software is said to fully integrate a school’s video management system (VMS) and cameras, PA system, access control system, electronic door locks, and various other hardware and software technologies into one comprehensive platform.
The solution enables school administrators to fully automate a lockdown process with the push of a button, according to the company.
“Utilizing Post’s experience in the security industry, we will be able to make continued investments in our staff, to accelerate our product development efforts and to continue to expand our distribution channel so we can extend our reach to more clients rapidly and further our commitment to help our customers protect their students and staff,” Mandel says.
Brookside Mezzaine Partners provided financing for the transaction, McGuireWoods LLP served as Post Capital’s legal advisors and Crowe LLP served as Post Capital’s financial advisor on the transaction. Post Capital was introduced to the opportunity by Aleutian Capital. Nixon Peabody LLP, Marcum LLP and U.S. Sterling Securities served as advisors to the Company.
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