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ClearLight Partners II acquires Consumer Safety Technology

Private equity firm ClearLight Partners has acquired a significant ownership interest in Consumer Safety Technology, LLC, manufacturer of the state-of-the-art Intoxalock breath alcohol monitoring devices.

Commonly used by DUI offenders in order to retain driving privileges, Consumer Safety Technology’s core ignition interlock products prevent an engine from starting when alcohol is present on the driver’s breath. CST will use the investment from ClearLight to fund a range of attractive growth initiatives. Financial terms of the transaction were not disclosed.

“Consumer Safety Technology has developed industry-leading technology and has displayed a strong and consistent track record of impressive growth. We look forward to providing the capital to support the company’s continued expansion, enabling Consumer Safety Technology to capitalise on the increased use of interlock devices to combat drunk driving.”

David Arringdale, CEO of Consumer Safety Technology, says: “We are excited to be partnering with ClearLight Partners as we enter the next phase of our company’s growth and development. ClearLight shares our vision of reducing drunk driving and other alcohol-related crimes, while providing excellent and compassionate service to our customers.”

Josh Mack, a Principal at ClearLight, says: “Consumer Safety Technology has developed industry-leading technology and has displayed a strong and consistent track record of impressive growth. We look forward to providing the capital to support the company’s continued expansion, enabling Consumer Safety Technology to capitalise on the increased use of interlock devices to combat drunk driving.”

Michael S Kaye (pictured), Managing Partner at ClearLight, says: “We are impressed with the great job that CST’s co-founders, Kevin Doyle and Scot Lewton, have done and with David Arringdale’s leadership in building on the platform they established. We are excited to partner with David and his management team to continue to build on the company’s legacy of innovation and growth.”
 

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