PRESS RELEASE

DALLAS–(BUSINESS WIRE)–Sole Source Capital LLC, an industrial-focused private equity firm, today announced that its portfolio company, Peak Technologies, a leading full life-cycle system integrator and provider of digital supply chain, retail and mobile workforce solutions, acquired Avalon Integration Inc (“Avalon”). Terms of the transaction were not disclosed.

The acquisition of Avalon marks Sole Source’s 12th investment in the Automatic Identification & Data Capture (AIDC) industry. Sole Source has supported Peak Technologies in four prior add-on acquisitions including Optical Phusion, Inovity, Bar Code Direct and DBK Concepts.

Headquartered in Lebanon, NJ and founded in 2002, Avalon is a regionally focused system integrator and provider of digital supply chain, retail and mobile workforce solutions. Avalon sells primarily to enterprise-level customers in the healthcare, pharmaceutical, grocery, and consumer channels.

Peak Technologies provides industry-leading digital supply chain, retail and mobile workforce solutions to Fortune 500 customers, along with mid-market businesses, that enable them to become more efficient and responsive to their customers. The acquisition of Avalon provides Peak Technologies with significant cross-selling opportunities to blue-chip enterprise customers, strong exposure to attractive healthcare, pharmaceutical and grocery end markets, and additional geographic reach into the Northeast.

“We are excited to welcome the Avalon team. Avalon’s extensive technical capabilities drive a differentiated solutions offering to its customers, which is a perfect fit within the Peak Technologies portfolio,” said Tony Rivers, CEO, Peak Technologies.

“We are thrilled to be joining one of the strongest teams in the digital supply chain, retail, and mobile workforce solutions industry and are excited to bring the capabilities of Peak Technologies to our client base,” said Dan McCabe, CTO, Avalon Integration.

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 Dallas, Texas with offices in Santa Monica, California. For more information, please visit www.solesourcecapital.com or contact [email protected].

About Peak Technologies

Headquartered in Columbia, Maryland, Peak Technologies is a leading full life-cycle system integrator of digital supply chain, retail and mobile workforce solutions. With over 35 years of supply chain, field mobility and retail services expertise, Peak Technologies has an insider’s perspective of the market; its origins, participants, and dynamic forces of change. With extensive application experience across industry segments, Peak Technologies 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.peaktech.com.

About Avalon Integration Inc.

Headquartered in Lebanon, NJ and founded in 2002, Avalon is a regionally focused system integrator and provider of digital supply chain, retail and mobile workforce solutions. For more information, please visit www.avalonintegration.com.

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As more omnichannel businesses compete to surpass customer demands, an expectation for faster and cheaper shipping has risen in today’s online shoppers. Over half of consumers expect both fast and trackable shipping from the warehouse to their doorstep. Evolving warehouses and distribution centers have now cited the following four top issues they face when attempting to shorten delivery times:

  1. Implementing direct-to-consumer (DTC) shipping – Last year’s spike in online orders resulted in a 70% increase in DTC shipping, further establishing expectations for faster delivery. Larger-scale warehouses have struggled with DTC as they must now open pallets to complete multiple smaller, yet unique orders as opposed to multiple identical orders. If done improperly, DTC order fulfillment can result in misplaced inventory and wrong shipments, ultimately impairing customer satisfaction and retention rates.  
  2. Connecting delivery and loading dock teams – Order verification is one of the last touchpoints that can cause delays within the warehouse, yet it is crucial for accuracy. Delays in verification can result in missed delivery timeframes, which is why loading dock and T&L teams must proactively coordinate truck loading with order data readily available.
  3. Accelerating order picking without risking inaccuracies – Order picking accounts for nearly 50% of total operational expenses, which is why inefficient processes not only cause delays but also significant financial loss. Implementing optimized picking technologies has often been seen as a risk since even a slight decrease in productivity or downtime can halt operations.  
  4. Maintaining real-time inventory updates for the whole supply chain – The more updated an inventory management system is, the less likely out-of-stocks will appear. However, for warehouses still relying on manual data entry, real-time visibility is a struggle since it would slow down fulfillment.

Overcoming the challenge with Zebra’s purpose-built solutions

Simply put, to operate within smaller delivery timeframes, warehouses must maximize both accuracy and speed simultaneously. Although there are many mobility solutions currently available for this, simplistic workflow changes and applications can also help eliminate unnecessary steps in the fulfillment process such as:

  • Multiple barcode scanning – Going beyond traditional data capture, new applications like Zebra’s SimulScan and DataWedge allow workers to populate entire reports and forms with one trigger-pull by capturing multiple codes at one. This eliminates the need for individual scans and manual data entry, thus also preventing manual errors.  
  • Integrated push-to-talk and secured text messaging – Communication breakdowns prevent T&L teams from gaining the vital insight they need for efficient routing and delivery. That’s why push-to-talk applications like Zebra Workforce Connect continue to benefit modern delivery teams by streamlining communication channels and mobile computing through one device, giving both warehouse and T&L teams access to the critical data they need.
  • Hands-free data capture – As mentioned before, manual data entry is time consuming and error-prone, which is why long-range and omnidirectional scanners have become so popular in today’s order fulfillment operations. Hands-free data capture takes these benefits a step farther by eliminating extensive training times since it merely builds on natural muscle movement, securing higher ergonomics for faster order processing.
  • Visibility applications installed on your handheld device – Lastly, to keep inventory status visibility for everyone, tracking solutions like Zebra MotionWorks allows warehouses to monitor in-motion inventory, eliminating guesswork when it comes time to locate products in the warehouse. Furthermore, data can be shared between departments and steps within the supply chain to maximize visibility during inbound and outbound operations.  

As technologies continue to mature, new demands are sure to take center stage. Consequently, Avalon continues to encourage warehouses and distribution centers to stay ahead of demands with a scalable modernization solution. To learn about how you can accelerate order fulfillment, contact Avalon’s modernization experts for more information.