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.
