Pexels
Sole Source Capital LLC acquired Peak-Ryzex from Keystone Capital and Optical Phusion Inc. (OPI) from its founders to create what is said to be the market leader in automatic identification and factory automation. Peak Ryzex will be further enhanced by OPI’s self-service kiosk, enterprise mobility and wireless technology integration expertise.
“These two acquisitions are a natural fit with our investment thesis, as we are a thematically-driven firm and automation is a strong area of focus. The AIDC market is both highly fragmented and has strong industry tailwinds,” says David Fredston, founder and managing partner of Sole Source Capital. “We are confident in the cultural fit between Peak-Ryzex and OPI, and we are excited to pool our collective resources in the pursuit of building a larger, forward-thinking business to grow with the increased digitization of the supply chain.”
Press release content from Business Wire. The AP news staff was not involved in its creation.
Sole Source Capital Acquires Peak-Ryzex and Optical Phusion Inc.
April 9, 2021 GMT
SANTA MONICA, Calif. (BUSINESS WIRE) Apr 9, 2021
Sole Source Capital LLC, an industrial-focused private equity firm, announced today the acquisition of Peak-Ryzex 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-Ryzex CEO Juliann Larimer, CFO Michele Adams and OPI President Tony Rivers. Terms of the transactions were not disclosed.
Privacy Overview
This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience. Necessary
Business Warrior Corporation: Business Warrior Announces Major Financial Milestones finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
Our guide to some of the in-house venture-capital funds operated by the world s major packaged-food companies. 14 Jan 2021
US food group Hain Celestial has continued its programme of divestments with the sale of a UK fresh produce business. 22 Dec 2020
Andy Coyne looks at significant transactions and emerging themes in merger, acquisition and investment activity in the global food sector during a year like no other. 7 Dec 2020
Investment bank Credit Suisse has considered whether a period of portfolio re-shaping is likely amongst US food groups. 12 Nov 2020
The US-based manufacturer, busy reshaping its portfolio in recent quarters, looks set for another disposal, its CEO hinted, after outlining the group s best quarter for years.