The company provides equipment and services for electronic monitoring, supervision, and drug testing of criminal offenders. The company also provides services to others under the jurisdiction of the courts or other governmental services.
Key Aspects
More than 60% of revenue is recurring through contracted agencies
Strong company reputation in service area
Primary provider of SCRAM systems equipment
Nearly all (97%) receivables average less than sixty (60) days old
Strong contacts in criminal justice industry
Multi-state operations
Opportunities
Expansion in service area
Midwest state seeks to reduce its prison population via legislation providing early release of felony DWI offenders
Improving inventory management and reducing equipment losses could impact the company’s bottom line
Budgeting process with future forecast model outputs allowing for longterm planning
Headquartered
Midwest United States
Current Markets
Police agencies in the Midwest United States responsible for monitoring criminal offenders.
Real Estate
The company operates from a 4,690 sq. ft. facility leased from an unrelated third party. Current lease expires December 31, 2029.
Shareholder Objectives
The company has four equal shareholders who own 25% of the existing shares. They are entertaining exit strategies and remain open to different deal structures.
