SOMERSET, N.J.--(BUSINESS WIRE)--LLR Partners today announced an investment in CompoSecure, a leading designer and manufacturer of proprietary financial cards focused on serving the affluent customers of credit card issuers. The capital will be used to support sales and marketing expansion as well as continued product development.
A pioneer in the credit card manufacturing industry, CompoSecure combines science and art to offer clients secure, innovative and durable products that implement leading edge engineering capabilities and technology. The company’s laser engravable ID cards and luxury metal card manufacturing services are designed for card issuers in multiple industries, including financial services, government, security, retail, gifting, resorts and casinos. It also offers durable, composite prelaminated products and sub-assemblies to other plastic card manufacturers.
CompoSecure’s innovative product development, state-of-the-art in-house contract manufacturing and commitment to security enabled it to launch the first prestigious metal card program in 2003 and go on to become the sole provider of proprietary metal cards to many of the largest credit card issuers. By offering card products that differentiate each client, CompoSecure helps increase clients’ brand equity in the marketplace and elevate the traditional transaction process to a special cardholder experience.
“Specialty credit cards are an increasingly attractive way for issuers to differentiate themselves to win, retain, and boost usage by affluent customers,” said Mitchell Hollin, partner at LLR. “CompoSecure continues to differentiate itself with new product innovation led by an experienced engineering team. We are excited to partner with the company and support its continued growth as the dominant player in this unique market.”
“CompoSecure has years of experience producing iconic, luxury cards, infusing each with an understated elegance that elevates the cardholder’s transaction experience and enhances the issuer’s brand,” said Michele Logan, CEO of CompoSecure. “LLR’s expertise in financial services and experience helping middle market businesses grow made them an ideal capital and strategic partner for CompoSecure, as we continue to enable clients to maximize their brand equity with high net worth customers.”
About LLR Partners
LLR Partners is a private equity firm investing in middle market growth companies with proven business models. We invest in a broad range of industries, with an emphasis on technology and service-based businesses. Founded in 1999 and with more than $2 billion raised across four funds, LLR is a flexible provider of capital for growth, recapitalizations and buyouts. For more information about LLR, visit llrpartners.com.
