M&A Deal Summary

Sole Source Capital Acquires Peak Technologies

On April 9, 2021, private equity firm Sole Source Capital acquired business services company Peak Technologies from Keystone Capital

Acquisition Highlights
  • This is Sole Source Capital’s 2nd transaction in the Business Services sector.
  • This is Sole Source Capital’s 7th transaction in the United States.
  • This is Sole Source Capital’s 1st transaction in Maryland.

M&A Deal Summary
Date 2021-04-09
Target Peak Technologies
Sector Business Services
Buyer(s) Sole Source Capital
Sellers(s) Keystone Capital
Deal Type Secondary Buyout
Advisor(s) Stifel, Nicolaus & Co., Inc. (Financial)

Target

Peak Technologies

Linthicum Heights, Maryland, United States
website
Peak Technologies designs and implements data collection and printing solutions for warehousing, manufacturing, distribution, and field-based operations. Peak Technologies was founded in 1986 and is based in Linthicum Heights, Maryland.

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Buyer(S) 1

Buyer

Sole Source Capital

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2016
PE ASSETS 160M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Sole Source Capital is a private investment group focused on taking control positions in established companies with sustainable competitive advantages. The Firm looks to commit up to $75 million per transaction and will consider a variety of investment situations including management buyouts, divestitures, and special situations. Sectors of interest include manufacturing, distribution, automation, environmental services, motion control equipment, oil/gas exploration, energy services, refining/midstream, agriculture, mining services, logistics, metal services, manufacturing, and specialty chemicals. Sole Source Capital was formed in 2016 and is headquartered in Santa Monica, California.

DEAL STATS #
Overall 7 of 10
Sector (Business Services) 2 of 2
Type (Secondary Buyout) 1 of 1
State (Maryland) 1 of 1
Country (United States) 7 of 10
Year (2021) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-09 Optical Phusion

Littleton, Massachusetts, United States

Optical Phusion is a self-service kiosk, enterprise mobility, and wireless technology integration solutions company that helps customers manage the entire lifecycle of the kiosk and wireless technology projects with application-driven solutions for a range of markets specializing in retail, logistics, and field sales organizations. Its mobile device management solution supports a broad range of kiosk and enterprise mobile assets. OPI has implemented a variety of Kiosk systems for promotional video presentation, coupon printing, loyalty registration, and price verification. OPI’s creative kiosk designs, quality manufacturing, and experience with critical components deliver responsive solutions, reduced total cost of ownership (TCO), and greater return on investment (ROI). Optical Phusion was founded in 2004 and is based in Littleton, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-03 I.D. Images

Brunswick, Ohio, United States

I.D. Image is a manufacturer of converted label products, specializes in providing label solutions from supply chain management to brand protection. The company serves varied markets including Transportation and Logistics, Food and Beverage, Consumer Durables and Healthcare and has facilities in Cleveland (Brunswick), Cincinnati, Charlotte, California, Arkansas, Boston, and Tennessee. I.D. Images was founded in 1995 and is based in Brunswick, Ohio.

Buy -

Seller(S) 1

SELLER

Keystone Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1994
PE ASSETS 420M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Keystone Capital is a private equity firm focused on acquiring family businesses, corporate divestitures, industry consolidations, and special situations. Keystone prefers lower middle-market, US-based businesses with EBITDA of $3 to $15 million. Target sectors include specialty manufacturing, business services/outsourcing, food processing and ingredients, publishing, instrumentation, optical components, and healthcare products/services. Keystone will not invest in start-ups, turnarounds, commodities, defense/government contractors, retail stores, or restaurants. Keystone Capital was formed in 1994 and is based in Chicago, Illinois.

DEAL STATS #
Overall 20 of 23
Sector (Business Services) 2 of 2
Type (Secondary Buyout) 6 of 6
State (Maryland) 1 of 1
Country (United States) 20 of 23
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-01 ClearWater Solutions

Auburn, Alabama, United States

ClearWater Solutions is an outsourced operations and maintenance service provider to municipal and private water and wastewater facilities across multiple states in the greater Southeastern U.S. CWS leverages its O&M expertise to take over plant operations for its clients, bringing superior service and knowledge to operate facilities more efficiently, cost effectively and in better compliance than what municipalities achieve with in-house efforts. CWS also provides public works outsourced services, CCTV, tank maintenance and construction services for clients in addition to its core outsourced water and wastewater facility O&M services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 VDA

East Hanover, New Jersey, United States

VDA is a vertical transportation (elevator, escalator, and lift) consulting firm that provides services to the new construction, modernization, maintenance, and inspection markets for building owners, investors/developers, and end users. VDA has branch offices conveniently located in major markets across the US.

Buy -
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