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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.
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