“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 is another perfect fit for the Peak portfolio, with its unwavering commitment to high levels of service for its customers and a deep appreciation for its talented employees. Bar Code Direct will provide us with new capabilities in adjacent markets that when combined with our two previous new portfolio companies, OPI and Inovity, enables us to continue to build an unrivaled platform in the AIDC industry,” said Juliann Larimer, President and CEO of Peak-Ryzex.
“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.
About Sole Source Capital
Founded in 2016 by David Fredston, Sole Source Capital is a private equity firm that thematically invests in fragmented, high-growth industrial subsectors. Sole Source seeks founder-owned businesses or corporate carve-outs that will benefit from the team’s operating and M&A capabilities. The Firm has a strong operating heritage that enables it to execute a buy and build strategy with significant downside protection. The Firm is headquartered in Santa Monica, California. For more information, please visit www.solesourcecapital.com or contact email@example.com.
Headquartered in Columbia, Maryland, Peak-Ryzex is a North American value-added reseller of barcoding and data collection solutions. With over 35 years of supply chain, field mobility and retail services expertise, Peak-Ryzex has an insider’s perspective of the market; its origins, participants, and dynamic forces of change. With extensive application experience across industry segments, Peak-Ryzex is able to provide objective consultancy on business processes, software, hardware, as well as turn-key solutions for equipment repair, life cycle support, technology, vertical/application and business services. For more information, please visit www.peak-ryzex.com.
About Bar Code Direct
Established in 1994, Bar Code Direct is a value-added reseller of AIDC hardware and accessory equipment for the manufacturing, retail, consumer, and healthcare end-markets. Utilizing data automation technology, Bar Code Direct develops custom enterprise wireless mobile computing systems, from barcode and label printing solutions to mobile scanning networks and fully automated and secure asset management systems. Bar Code Direct is headquartered in North Grafton, MA. For more information, please visit www.barcodedirect.com.