Smart Start, LLC

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Smart Start, LLC - overview

Established

1992

Location

Grapevine, TX, US

Primary Industry

Consumer Products

About

Smart Start, LLC is a provider of Ignition Interlock Devices (IIDs), which are engineered to prevent impaired driving by requiring breath samples before vehicle operation. Smart Start, LLC specializes in alcohol monitoring solutions through their Ignition Interlock Devices. Founded in 1992 in Grapevine, US, the company has maintained a consistent focus on providing reliable IID technology. The firm was acquired by Apollo Global Management on November 8, 2021, from ABRY Partners, although financial terms were not disclosed.


Key figures include founders Julie Polanco and Vikash Singh, with Agnieszka Meller serving as the CEO. Smart Start LLC specializes in the provision of Ignition Interlock Devices (IIDs), commonly referred to as car breathalyzers, which are designed to prevent impaired driving. These compact, hand-held devices are integrated into vehicles and require the driver to provide a breath sample to measure their Blood Alcohol Concentration (BrAC) before the vehicle can start. Smart Start's IIDs feature user-friendly mouthpieces and are equipped to track vehicle activity, ensuring accountability through recorded data that is submitted to state authorities.


The company serves a diverse clientele, including individuals recovering their driving privileges after DUI offenses, legal professionals, and rehabilitation programs, primarily across the United States. The key markets for Smart Start's products encompass regions with stringent DUI laws that mandate the use of IIDs, including California, Texas, Florida, and New York. Smart Start operates on a transaction structure that includes leasing agreements for its Ignition Interlock Devices, offering clients flexible bi-weekly payment options designed to accommodate various budgets. Clients typically engage with Smart Start through a direct-to-consumer model, where they book installation services and manage their accounts via a dedicated Client Portal.


Revenue is generated not only through the leasing of IIDs but also through ancillary services, such as installation and ongoing maintenance support, ensuring continuous compliance with state regulations. Pricing plans are designed to be competitive within the market, with daily lease rates that start at USD 1. 99, excluding taxes and fees, thereby facilitating access to the service for a broad range of users. As a trusted provider, Smart Start has positively impacted over one million clients, enabling them to regain their driving privileges effectively and responsibly.


In November 2021, the acquisition by Apollo Global Management was anticipated to expand Smart Start's in-vehicle and out-of-vehicle alcohol monitoring solutions. The company is expected to develop and launch new products in the coming years, enhancing its service offerings. Additionally, Smart Start is exploring expansion into new geographic markets, targeting regions with increasing demand for stringent alcohol monitoring solutions.


Primary Industry

Consumer Products

Sub Industries

Consumer Products, Electronics, Hardware

Website

www.smartstartinc.com

Verticals

IoT (Internet of Things), Manufacturing

Company Stage

Mature

Total Amount Raised

Subscriber access only

Smart Start, LLC - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Secondary BuyoutCompletedSmart Start, LLC-
BuyoutCompletedSmart Start, LLC-

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