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Gaming Laboratories International (GLI) has entered into a strategic partnership with global investment firm CVC, marking the company’s first deal with an external investor. Through its long-duration investment platform Strategic Opportunities, CVC has completed an investment into GLI and related entities, the companies announced Monday.
According to the announcement, the partnership is aimed at supporting GLI’s continued growth and long-term development, while preserving the company’s culture and role as a provider of testing, certification and professional services for the global gaming industry. The investment is expected to provide additional resources and expertise to expand GLI’s capabilities and future growth prospects.
James Maida, Chief Executive Officer of GLI, said: “We are truly excited and honored to welcome CVC as a strategic investment partner. CVC shares our vision, values, and long-term commitment to the global gaming industry. This partnership creates new opportunities for growth and innovation, allowing GLI to invest even more in the success of the future of the global gaming industry as well as investing in related and adjacent sectors.
“Our leadership, values, and culture focused on customer service remain unchanged. I will continue as CEO, and our leadership team remains intact. Together we will stay focused on quality, speed, and the customer experience while continuing to drive innovation and outstanding service worldwide.”
GLI is a global company with over 1,500 employees globally servicing over 710 regulated gaming jurisdictions worldwide. Founded in 1989 by James Maida and Paul Magno, GLI is headquartered in Lakewood, New Jersey, USA.
Matt Turner, Partner at CVC and GLI Board Member, added: “Within CVC Strategic Opportunities, we seek to partner with exceptional businesses that have histories of consistent success, strong market positions and significant long-term growth potential. GLI fits perfectly with that approach, as over nearly 40 years James and Paul have built GLI into the clear leader in its industry.”
“The company plays a critical role in the global regulated gaming ecosystem and has established itself as a trusted partner to regulators, operators and suppliers around the world. This positions the business extremely well for continued growth, and we are looking forward to working alongside James and the talented team at GLI to support the company’s future success.”