What is PLI?
Founded in 1988 and headquartered in Las Vegas, NV, Plasticard Locktech International (PLI) is a specialized manufacturer. The company's product portfolio includes keycards, hospitality supplies, and gift/loyalty membership items. PLI serves a diverse clientele across the hospitality and retail sectors, including hotels, retailers, restaurants, casinos, and event centers, positioning itself as a key supplier for businesses requiring secure and branded identification and transaction products.
How much funding has PLI raised?
PLI has raised a total of $12.4M across 1 funding round:
Debt
$12.4M
Debt (2016): $12.4M with participation from Mosaic Capital Partners, LLC
Key Investors in PLI
Mosaic Capital Partners, LLC
Mosaic Capital Partners is a private equity firm specializing in employee ownership buyouts, aiming to empower employees and facilitate business transitions. Their strategy focuses on change-of-control transactions that benefit both employees and owners, offering innovative private equity solutions for businesses seeking employee ownership.
What's next for PLI?
The substantial enterprise-level funding, including the recent major strategic investment, indicates PLI is poised for significant expansion or operational enhancement. This capital infusion is likely to fuel further development of its manufacturing capabilities, expansion into new markets, or the enhancement of its product offerings to meet evolving industry demands. PLI's strategic financial backing suggests a focus on solidifying its market leadership and exploring new avenues for growth within the hospitality and retail technology sectors.
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