Bootstrap Capital Acquires VeriLogic Solutions
|VeriLogic Solutions, LLC
|Bootstrap Capital, LLC
Chicago, IL – January 2, 2018
Bootstrap Capital, a private investment company, and Matthew Wezner have acquired the assets of Veri-Logic, LLC from its founder Bob Hanson. Now operating as VeriLogic Solutions, LLC, the company is an automation technology integrator that specializes in designing and implementing product genealogy tracking solutions for manufacturers.
Founded in 1989, the company has a long history of providing integrated hardware and software solutions that improve product tracking, quality assurance and product recall efforts in a broad range of industries, including the food, beverage and other packaged goods sectors.
Matt Wezner, president of VeriLogic Solutions, commented, “Bob built a terrific company with fantastic people who work with some of the most sophisticated companies in the world. I look forward to building on this great legacy and introducing the company to many new customers.”
“After working with Matt Wezner and the Bootstrap team, I am excited about the new business opportunities and growth potential we have,” said Tim Mathieu, VeriLogic Solution’s senior engineer. “It’s great to know that the company’s values, especially its dedication to the success of customers and employees alike, will continue in the tradition that Bob created.”
“I’m excited to be working with Matt to build VeriLogic into an even greater company. Matt and I have worked together in other business ventures and I have a lot of confidence in him as an entrepreneur and business leader,” said John DeBlasio, Managing Director of Bootstrap Capital. “The team at VeriLogic does great work for its customers and we want to make sure they have everything they need to keep doing just that.”
About VeriLogic Solutions
Since 1989, VeriLogic has been on the forefront of industrial identification and product tracking solutions. Since its inception, the company has provided a completely customized product identification solution that seamlessly integrates and interfaces with existing warehouse management and enterprise systems. The company’s ability to integrate hardware and software into comprehensive, yet affordable, solutions distinguishes VeriLogic Solutions from the competition and is the reason that it continues to be a valuable supplier to both Fortune 500 and middle market companies.
About Bootstrap Capital
Bootstrap Capital is a Chicago-based private equity firm that respects the accomplishments of bootstrapping entrepreneurs and seeks to honor their legacies. The firm grows the companies they built and celebrates the legend of how they built them. It acquires and operates small business services and distribution companies at a time in their evolution when they could benefit from a change in ownership.
Bootstrap Capital’s approach is to build its portfolio deliberately, providing day-to-day leadership for an extended period of time after making an acquisition, thereby providing turnkey succession plans for owners seeking to retire. The firm works with founders who are striving for the next wave of growth and can help right the ship when a company has gotten off course.