Sole Source Capital LLC, an industrial-focused private equity firm today announced that its portfolio company, Peak-Ryzex, a value-added reseller of barcoding and data collection solutions to customers across North America, has acquired Bar Code Direct. The acquisition of Bar Code Direct adds to Peak’s ability to serve its expanding array of client segments and is Sole Source’s third add-on transaction for Peak-Ryzex, following the purchase of Optical Phusion Inc. (OPI) and Inovity Inc. earlier this year. Terms of the Bar Code Direct transaction were not disclosed.
“We are very excited to join Peak-Ryzex, which will provide us with access to additional resources, scale and expand our geographic coverage to continue helping our customers meet their business challenges,” said Chris Richardson, President of Bar Code Direct. “In addition, we would like to thank the Sole Source team for their strong collaboration and commitment throughout the process to get the transaction completed.”
“Bar Code Direct has a proven, strong commitment to providing innovative solutions from a team of experienced and knowledgeable resources—and will be a great complement to the Peak portfolio, strengthening our coverage and capabilities in the Eastern U.S.,” said Dewey Turner, Partner, President of Operations at Sole Source Capital.
Source: BUSINESS WIRE
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