Newport Beach, CA, December 19, 2019 – L Squared Capital Partners is pleased to announce that its portfolio company, FineLine Technologies Inc., has acquired Consolidated Printing Inc. (“CPI”), a leading provider of printed tickets for professional and collegiate sporting events and major entertainment and event venues throughout the United States. CPI represents FineLine’s fifth acquisition since L Squared’s investment in November 2016.
This acquisition marks FineLine’s strategic entry into event management, an industry in which the Company can leverage its advanced data management and RFID capabilities to improve complex ticketing processes. Event management is a core piece of the Company’s strategy to expand into additional industry verticals which require stringent data management and reporting functionalities and are apt to undergo continued logistics optimization.
“The acquisition of CPI will allow FineLine to offer its advanced data management and RFID production capabilities to the sports, entertainment, and event ticketing industries. Similar to other verticals, we see this industry moving rapidly from conventional printed tickets to RFID-enabled smart tickets, as evidenced by the NFL’s recent decision to adopt RFID-enabled ticketing,” said George Hoffman, FineLine’s Chairman and CEO. “Since 1991, CPI has built an incredible business by providing high quality tickets to more than half of the teams in the NFL, NHL, MLB, and NBA, as well as to some of the most famous events and venues in entertainment, including the Emmy Awards, Madison Square Garden, and Carnegie Hall,” Hoffman continued.
Curtis Howells and William McKeever, co-CEOs of CPI, view FineLine as the ideal partner to help grow their business both in the U.S. and abroad. “Our customers are increasingly inquiring about smart ticketing and its ability to enhance fan engagement, reduce ticket fraud, and improve security. We are proud to say that in 2019 we successfully transitioned more than half of the NFL teams from conventional paper tickets to RFID-enabled smart tickets,” said Howells. “FineLine shares our commitment to providing excellent customer service, rapid delivery, and innovative solutions. We are excited to leverage FineLine’s RFID capabilities and data management solutions as we continue to grow our business.” Curtis and William will remain involved with the company post-closing.
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About FineLine Technologies
FineLine Technologies provides barcoded and RFID integrated labels, tags, and badges for supply chain, omni-channel fulfillment, POS, access control, and consumer engagement needs. FineLine produces billions of tickets annually through its global network of print hubs, delivering them in less than five days, on average. FineLine offers its more than 45,000 registered suppliers online order placement, tracking, and analytics to help customers efficiently manage their supply chains. Learn more at www.finelinetech.com.
Consolidated Printing, Inc., is one of North America’s leading ticket manufacturers. A full-service commercial printer, CPI specializes in custom event ticket printing combined with state-of-the-art technologies. From design to delivery, the art room to the loading dock, CPI’s dedicated staff utilizes industry-leading equipment and technology, to ensure that every client receives a finished product which they can be proud. Over the years, CPI has served organizations and events from nearly every field of the sports and entertainment industries, including teams from professional and college sport, as well as orchestras, ballets, museums, film festivals, awards ceremonies, concerts and tours, television shows and theme parks. Learn more at www.teamcpi.com.
About L Squared Capital Partners
L Squared Capital Partners is an investment firm headquartered in Newport Beach, CA that seeks to make long-term investments in leading growth companies that operate in targeted sectors: Education Technology, Tech-Enabled Services & Software, and Industrial Technology & Services. Our unique investor base of family offices enables us to focus on long-term value creation driven by revenue and earnings growth, not financial engineering or market timing. The principals of L Squared have worked together for over a decade and have over 60 years of combined experience investing in growing private companies. For additional information, please visit www.LSquaredCap.com.
This press release is for informational purposes only and is not intended as investment advice or an offer or solicitation with respect to the purchase of any investment. Investing with any investment firm is suitable only for qualified investors that fully understand the risks of such an investment. L Squared Capital Partners is an investment adviser registered with the United States Securities and Exchange Commission. Investments with L Squared Capital Partners are only offered in accordance with applicable securities laws.