Transaction Marks Sixth Add-On Acquisition for Peak Technologies Since Being Acquired by Sole Source Capital
Sole Source Capital LLC, an industrial-focused private equity firm, announced that its portfolio company, Peak Technologies, a leading system integrator in the Automatic Identification and Data Capture (“AIDC”) market acquired Graphic Label LLC. Terms of the transaction were not disclosed.
Latest Aithority Insights : New Airbyte Cloud Makes Data Movement Easier and Cost Efficient
“We are excited to welcome the Graphic Label team to Peak Technologies. Graphic Label’s on-site service maintenance and repair team and its experience with highly customized labels is a perfect addition to the Peak Technologies portfolio”
The acquisition of Graphic Label marks Sole Source Capital’s 13th investment in the AIDC industry. Sole Source has supported Peak Technologies in five prior add-on acquisitions including Optical Phusion, Inovity, Bar Code Direct, DBK Concepts and Avalon Integration.
Headquartered in Yakima, Washington and founded in 1993, Graphic Label is a provider of AIDC consumables, hardware, software, and related installation and on-site services. The company primarily sells directly to customers in the food & beverage end market.
Browse The Complete News About Aithority: DigitalBridge Rebrands as Fixtuur and Launches Visual Commerce Platform
Peak Technologies provides industry-leading digital supply chain, retail and mobile workforce solutions to Fortune 500 customers, along with mid-market businesses, that enable them to become more efficient and responsive to their customers. The acquisition of Graphic Label provides Peak Technologies with significant cross-selling opportunities, strong exposure to the attractive recession-resilient food & beverage end market, and additional geographic reach into the Pacific Northwest.
“We are excited to welcome the Graphic Label team to Peak Technologies. Graphic Label’s on-site service maintenance and repair team and its experience with highly customized labels is a perfect addition to the Peak Technologies portfolio,” said Tony Rivers, CEO, Peak Technologies.
Read More About Aithority News : Fidelis Cybersecurity Strengthens Ransomware Capabilities
[To share your insights with us, please write to sghosh@martechseries.com]
Comments are closed.