M&A Deal Summary

Peak Technologies Acquires Supply Chain Services

On August 3, 2022, Peak Technologies acquired information technology company Supply Chain Services from Sole Source Capital

Acquisition Highlights
  • This is Peak Technologies’ 6th transaction in the Information Technology sector.
  • This is Peak Technologies’ 9th transaction in the United States.
  • This is Peak Technologies’ 1st transaction in Minnesota.

M&A Deal Summary
Date 2022-08-03
Target Supply Chain Services
Sector Information Technology
Buyer(s) Peak Technologies
Sellers(s) Sole Source Capital
Deal Type Merger

Target

Supply Chain Services

Oakdale, Minnesota, United States
Supply Chain Services delivers automated data collection solutions that allows businesses to become more efficient and responsive. The Company partners with top-tier industry suppliers to offer a wide range of technology and customized solutions, including mobile computers, robotics, and RFID, to revolutionize and automate supply chains of high-growth industries such as food processing and distribution, grocery, health care, e-commerce, manufacturing, and logistics services. The Company also provides consulting, project management, training, deployment, technical support, and repair services. Supply Chain Services was founded in 2002 and is based in Oakdale, Minnesota.

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Buyer(S) 1

Buyer

Peak Technologies

Linthicum Heights, Maryland, United States
Category Company
Founded 1986
Sector Business Services
DESCRIPTION

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.

DEAL STATS #
Overall 13 of 14
Sector (Information Technology) 6 of 6
Type (Merger) 2 of 2
State (Minnesota) 1 of 1
Country (United States) 9 of 10
Year (2022) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-19 Siena Analytics

Franklin, Massachusetts, United States

Siena Analytics is a provider of supply chain and logistics analytics software and artificial intelligence solutions. Siena Analytics offers solutions that make logistics teams more efficient, by using A.I. and machine vision to instantly scale manual processes and leverage data that would otherwise be left on the distribution center floor. Siena Analytics was founded in 2013 and is based in Franklin, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-24 North Coast Technical

Chesterland, Ohio, United States

North Coast Technical is a provider of machine vision hardware and image processing software for Fortune 500 companies along with small and medium-sized businesses. North Coast Technical was founded in 2003 and is based in Chesterland, Ohio.

Buy -

Seller(S) 1

SELLER

Sole Source Capital

Investor Investor Investor Investor Investor

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 Dallas, Texas.

DEAL STATS #
Overall 2 of 3
Sector (Information Technology) 1 of 1
Type (Merger) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 2 of 3
Year (2022) 1 of 1
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-17 Westwood Laboratories

Azusa, California, United States

Westwood Laboratories is a full-service contract manufacturer of consumer staple products specializing in the beauty, personal care, pet and OTC drug markets. Westwood Laboratories was founded in 1948 and is based in Azusa, California.

Buy -
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