Press Release

Mesirow Advises Long Range Systems on its Sale to Private Investors

  • Long Range Systems, LLC (“LRS”) is a leading provider of operations management solutions which include on-site hardware and cloud-based software solutions designed to automate, monitor and manage business operations

  • Partnership with the Company’s new investors will support Long Range System’s next phase of growth

  • The sale executed by Mesirow highlights the firm’s expertise within the Industrial Technology sector

CHICAGO, January 5, 2021 – Mesirow acted as exclusive financial advisor to Long Range Systems, LLC (“LRS” or the “Company”), a portfolio company of Teakwood Capital, on the sale of substantially all of its assets to an entity formed by private investors.

LRS is a leading provider of operations management solutions which include on-site hardware and cloud-based software solutions designed to automate, monitor and manage business operations. The Company’s solutions, including paging systems, messaging, indoor location / positioning systems, track / trace systems, waiting room management and complementary software applications, are designed to improve customer workflow productivity, workplace safety, operating efficiency and enterprise visibility. LRS serves a variety of end markets, covering education, fitness, gaming, healthcare, hospitality, industrial, logistics/warehousing, retail and restaurants.

The sale of LRS represents another successful assignment completed by Mesirow Investment Banking and highlights the firm’s experience within the Industrial Technology sector. Committed to leveraging extensive sector-specific expertise across industry groups and nurturing deep long-standing relationships, Mesirow has a proven track record of completing highly tailored and successful transactions on behalf of clients.

About Mesirow
Mesirow is an independent, employee-owned financial services firm founded in 1937. Headquartered in Chicago, with offices around the world, we serve clients through a personal, custom approach to reaching financial goals and acting as a force for social good. With capabilities spanning Global Investment Management, Capital Markets & Investment Banking, and Advisory Services, we invest in what matters: our clients, our communities and our culture. To learn more, visit mesirow.com and follow us on LinkedIn.

Mesirow was also recently named one of the Best Places to Work in Chicago by the Chicago Tribune and one of the Top Places to Work by Crain’s Chicago Business.

About Long Range Systems
Founded in 1993, Long Range Systems (LRS) provides cloud-enabled messaging, monitoring and indoor positioning services and solutions to more than 80,000 customer locations worldwide. We serve clients in hospitality, medical, retail and manufacturing markets. Based in Richardson, Texas, LRS owns 20 patents in over 30 market-leading products designed to enhance guest experience, improve staff engagement, and monitor assets that give you the tools to increase effectiveness and profitability.

About Teakwood Capital
Teakwood Capital is a Dallas, Texas private equity firm. It invests in profitable technology-focused companies typically located in Texas and neighboring states with revenues below $25 million that are interested in accelerating growth with expansion capital and top-tier talent. The firm has deep, hands-on operating experience which is complemented by an Executive Partner team of successful ex-CXOs working closely with portfolio company management teams to create value through organic revenue growth, operational improvements, and sustainable intellectual property. For more information, visit teakwoodcapital.com.

Nothing contained herein constitutes an offer to sell or a solicitation of an offer to buy an interest in any Mesirow investment vehicle(s). Mesirow Financial, Inc. is not affiliated with Long Range Systems LLC, Teakwood Capital, or their affiliates. Past performance is not indicative of future results. Mesirow refers to Mesirow Financial Holdings, Inc. and its divisions, subsidiaries and affiliates. Securities offered through Mesirow Financial, Inc. member FINRA, SIPC.

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