M&A Deal Summary

Odyssey Investment Partners Acquires Barcodes

On January 23, 2019, private equity firm Odyssey Investment Partners acquired technology hardware company Barcodes from Cortec Group

Acquisition Highlights
  • This is Odyssey Investment Partners’ 3rd transaction in the Technology Hardware sector.
  • This is Odyssey Investment Partners’ 40th transaction in the United States.
  • This is Odyssey Investment Partners’ 5th transaction in Illinois.

M&A Deal Summary

Date 2019-01-23
Target Barcodes
Sector Technology Hardware
Buyer(s) Odyssey Investment Partners
Sellers(s) Cortec Group
Deal Type Secondary Buyout

Target

Barcodes

Chicago, Illinois, United States
Barcodes is a provider of products and services that enable businesses to digitally capture and act on data related to their assets, people, and transactions. Barcodes was founded in 1994 and is based in Chicago, Illinois.

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Buyer(S) 1

Buyer

Odyssey Investment Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 8.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Odyssey Investments is a private equity firm that seeks control/majority investments in middle-market companies. Odyssey looks to back existing management and make investments in the form of leveraged acquisitions, growth financings and recapitalizations. Sectors of interest include industrial manufacturing, business and financial services, aerospace products and services, and 'route-based services'. Odyssey Investment Partners is based in New York City with an additional office in Woodland Hills, California.


DEAL STATS #
Overall 43 of 52
Sector (Technology Hardware) 3 of 3
Type (Secondary Buyout) 17 of 23
State (Illinois) 5 of 5
Country (United States) 40 of 49
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-28 Aramsco

Paulsboro, New Jersey, United States

Aramsco is a distributor of products, equipment, and services to specialty contractors in North America. The Company carries more than 30,000 different products ranging from personal protective equipment to specialty chemicals and equipment. Aramsco complements this product offering with a suite of value-added services such as equipment repair, rental, and training. Aramsco was founded in 1966 and is based in Paulsboro, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-02 NSi Industries

Huntersville, North Carolina, United States

NSi Industries is a provider of a wide variety of electrical connectors including insulated connectors and mechanical, digital time controls, time switches, wire management products, and related electrical components for construction, maintenance, and repair applications. NSi Industries was established in 1975 and is based in Huntersville, North Carolina.

Buy -

Seller(S) 1

SELLER

Cortec Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 6.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Cortec Group is a private equity firm focused on acquiring mid-sized businesses operating in basic industries. Cortec Group is an experienced and knowledgeable investor in healthcare products and services, B2C and B2B products, value-added distribution (including eCommerce), and specialty services companies with equity of $100-$500 million and EBITDA of $10 to $50 million. Cortec Group was formed in 1984 and is based in New York City.


DEAL STATS #
Overall 26 of 35
Sector (Technology Hardware) 1 of 1
Type (Secondary Buyout) 15 of 22
State (Illinois) 2 of 3
Country (United States) 26 of 34
Year (2019) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-16 Window Nation

Fulton, Maryland, United States

Window Nation is a DTC provider of windows and related products for the residential repair and replacement market in the United States. Window Nation was founded in 2006 and is based in Fulton, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-27 PurposeBuilt Brands

Gurnee, Illinois, United States

PurposeBuilt Brands creates products that can be trusted to perform optimally on people’s valued services, spaces and equipment and are formulated to be better for them, their families, their businesses and the environment. PurposeBuilt Brands was founded in 1941 and is based in Gurnee, Illinois.

Sell -