SuperCom Announces Accretive Acquisition of Leaders in Community Alternatives (LCA)
SuperCom (SPCB), a global provider of secure solutions for the e-Government, Public Safety, HealthCare, and Finance sectors has announced that it has entered into a definitive agreement to acquire Leaders in Community Alternatives, Inc. (LCA), a California-based LCA criminal justice organization providing electronic monitoring and community-based services under contracts with various government agencies. LCA´s wide-ranging programs provide accountability and protect public safety, all while offering a path for offenders to break the cycle of recidivism.
"I am very excited about this highly strategic acquisition that will be accretive upon closing and provide us with a strong, referenceable base of long-term government customers in the United States that we believe we can leverage to expand our electronic monitoring business globally," commented Ordan Trabelsi, SuperCom´s President of the Americas. "In addition, the acquisition unites LCA´s ability to provide proven, industry-leading solutions and evidence-based practices to government agencies with SuperCom´s advanced electronic monitoring technology and world-class engineering capabilities." He continued, "LCA shares SuperCom´s core values of utilizing technology and innovation to make this world a safer place, and we´re confident we can leverage their capabilities and deep industry experience for the benefit of populations in the U.S. and around the world."
For 2015, LCA is expected to generate more than $9 million in revenues, be profitable, and achieve double-digit revenue growth. The company's revenue base is recurring and primarily derived from contracts with various government agencies in the U.S.
Linda Connelly, LCA´s founder and Chief Executive Officer commented, "LCA is very excited to partner with SuperCom. The synergy between our two organizations is extraordinary and will continue the high quality and innovative service offerings that LCA has provided as an industry leader for over 24 years. Our combined strengths will empower us to contribute in a far more impactful way to the important positive changes underway in the criminal justice system." Linda Connelly will continue as CEO of LCA after the acquisition.
BCMS Capital Advisors LLC acted as Exclusive Financial Advisor to Leaders in Community Alternatives, Inc.
About Leaders in Community Alternatives, Inc. (LCA)
LCA is one of California´s leading private criminal justice organizations, providing community-based services and electronic monitoring programs to government agencies for more than 24 years. LCA´s treatment services are evidence-based and built on best practices designed to break the cycle of recidivism. LCA offers a holistic approach with programs addressing cognitive and behavioral issues and alcohol and substance abuse. Geared towards individuals involved in cases with criminal and family courts, LCA offers proven solutions for governmental institutions across California in addressing realignment strategies and plans. Linda Connelly is its founder, President and CEO.
M&A advisor BCMS is a market leader in the sale of privately owned companies, having completed in excess of 500 deals in the last decade. With North American headquarters in New York City, BCMS has a presence across five continents, with over 260 professionals based at 22 different offices.