Plasco's extensive product line and factory-trained service capabilities will bring additional value to the loyal customer relationships that SouthEast ID has established over the past 34 years.
Miami, Florida (PRWEB) January 21, 2016
Plasco ID (“Plasco”), a platform investment of BV Investment Partners, announced today that it has completed the acquisition of SouthEast ID, a photo identification products retailer located in Deerfield Beach, FL. The transaction further expands Plasco’s position as the largest integrator of secure identification solutions worldwide.
"This exciting acquisition will create opportunities for Plasco by enhancing our product offering as well as our already strong presence in the Healthcare market" explained Alan Mendelson, Plasco ID CEO and President. "Plasco's extensive product line and factory-trained service capabilities will bring additional value to the loyal customer relationships that SouthEast ID has established over the past 34 years."
Based in Miami, Florida, Plasco was established in 1983 and is the largest value added integrator of card-based identification solutions. Through its enterprise sales force, value added distribution capabilities, and its award-winning ecommerce websites IDWholesaler.com and IDZone.com, Plasco serves over 100,000 customers spanning virtually every vertical market. IDWholesaler.com has been named to the Internet Retailer's Top 500 List of largest websites for seven consecutive years.
"Plasco was the ideal buyer for our organization" said Jason Scherr, former President of SouthEast ID. "Plasco's unparalleled industry expertise, broad marketing reach, expansive product line, and extensive technical expertise will continue to benefit SouthEast ID customers in the years to come."
About Plasco ID
Founded in 1983 and with offices in Miami and Minneapolis, Plasco ID is the largest global integrator of identification systems and supplies. Using the latest card technologies available, Plasco ID offers custom integration services to meet the unique needs of customers, including card-based solutions for photo identification, cashless vending, mobile access control, and time & attendance tracking.
About BV Investment Partners
BV Investment Partners is currently investing its eighth private equity fund. The firm is one of the oldest and most experienced sector-focused private equity firms in North America. Since its founding in 1983, the firm has invested over $2.6 billion in over 80 companies, actively targeting investments in the information and business services and communications industries. For more information, please visit bvlp.com.