LeadsOnline, LLC, a nationwide provider of data, technology and intelligence tools used by law enforcement agencies, investigators, and businesses, announced a strategic growth investment from TA Associates, a leading global growth private equity firm. Financial terms of the transaction were not disclosed.
“We look forward to supporting Alex, Ashley and the entire LeadsOnline team in their efforts to accelerate the company’s market expansion and advance product offerings.”
Founded in 2000, LeadsOnline facilitates collaboration between private businesses and law enforcement agencies across the United States for the advancement of peace and justice. The LeadsOnline platform allows businesses that are typically required by law to make transaction information available to law enforcement for the purpose of criminal investigations to freely and efficiently comply with reporting mandates. These businesses include secondhand stores, pawn shops, scrap metal recyclers and online marketplaces. Today, more than 22,000 businesses and nearly 5,000 law enforcement agencies trust LeadsOnline to streamline this coordination effort. Each year more than 60,000 investigators from state, local, and federal agencies use LeadsOnline to successfully advance cases, ranging from property crimes to the location and apprehension of dangerous criminals.
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“LeadsOnline has served law enforcement for more than 20 years and we could not be more enthusiastic about serving on an expanded scale. We have witnessed firsthand the inefficiencies and constraints plaguing law enforcement agencies and are committed to bringing to market more tools and data to help investigators advance cases faster,” said Alex Finley, CEO, LeadsOnline. “We’re proud of the good our team and clients have done together over the years and believe TA is the right catalyst to accomplish even more. With its long history of supporting growth companies and extensive network, we believe TA is an ideal partner for LeadsOnline at this stage of our journey. We are thrilled to welcome TA as our first institutional investor and look forward to collaborating closely.”
“LeadsOnline has established itself as a modern intelligence solution for law enforcement and government agencies,” said Michael Berk, a Managing Director at TA who will join the LeadsOnline Board of Directors. “We have followed the company’s evolution closely and were drawn to its unique data, differentiated technology, deep customer relationships and talented, committed management team. We believe LeadsOnline is well-positioned for accelerated growth and are excited to invest in the company’s future.”
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“We are thrilled to partner with TA as we enter this new chapter,” said Ashley Sacrider, COO, LeadsOnline. “Our business was built on bringing together law enforcement agencies and businesses for the benefit of local communities, and we remain deeply dedicated to that mission. TA offers the experience and resources we need to grow, while maintaining a culture centered around customer service. We look forward to the opportunities ahead, from developing new data and software solutions to expanding our team and footprint.”
“With its established relationships, easy-to-use software and robust, searchable database, LeadsOnline offers unique value-add services to both businesses and law enforcement agencies,” said Amara Suebsaeng, a Director at TA who will also join the LeadsOnline Board of Directors. “We look forward to supporting Alex, Ashley and the entire LeadsOnline team in their efforts to accelerate the company’s market expansion and advance product offerings.”
Morris, Manning & Martin served as legal counsel and Founders Advisors as financial advisor to LeadsOnline. Kirkland & Ellis served as legal counsel and Deloitte as financial advisor to TA.
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