Sole Source Capital Acquires Peak Technologies and Optical Phusion Inc.

Author : Sole Source Capital | Published On : 21 Apr 2024

SANTA MONICA, Calif.–(BUSINESS WIRE)–Sole Source Capital LLC, an industrial-focused private equity firm, announced the acquisition of Peak Technologies from Keystone Capital and Optical Phusion Inc. (“OPI”) from its founders, two leading providers of automatic identification, data capture (“AIDC”) and factory automation solutions. The companies will be merged and led by Peak Technologies CEO Juliann Larimer, CFO Michele Adams and OPI President Tony Rivers. Terms of the transactions were not disclosed.

The combination will yield significant technological and operational synergies as well as deliver enhanced cross-selling opportunities to a broad set of clients ranging from small and medium sized businesses to Fortune 500 companies—all seeking supply-chain logistical support. Peak Technologies’ position will be further enhanced by OPI’s self-service kiosk and enterprise mobility expertise, which allows its clients to fulfill and finalize transactions more quickly and easily.

These transactions mark Sole Source’s 5th and 6th investments in the AIDC space, following the purchase of Supply Chain Services and add-on investments after the acquisition of Dasco Label, Miles Data and Coridian.