Peak-Ryzex, a value-added reseller of barcoding and data collection solutions to customers across North America, a portfolio company of Sole Source Capital LLC, an industrial-focused private equity firm, its portfolio company, has acquired Bar Code Direct. The acquisition of Bar Code Direct adds to Peak’s ability to serve its expanding array of client segments and is Sole Source’s third add-on transaction for Peak-Ryzex, following the purchase of Optical Phusion Inc. and Inovity Inc. earlier this year.
Headquartered in North Grafton, MA, Bar Code Direct is a reseller of AIDC solutions for the manufacturing, retail, consumer, and healthcare end-markets. Bar Code Direct’s solutions serve warehouse workers, freight truck drivers, field service technicians, in-store associates, package delivery and sales personnel.
“We are very excited to join Peak-Ryzex, which will provide us with access to additional resources, scale and expand our geographic coverage to continue helping our customers meet their business challenges,” said Chris Richardson, president of Bar Code Direct. “In addition, we would like to thank the Sole Source team for their strong collaboration and commitment throughout the process to get the transaction completed.”
“Bar Code Direct is another perfect fit for the Peak portfolio, with its unwavering commitment to high levels of service for its customers and a deep appreciation for its talented employees. Bar Code Direct will provide us with new capabilities in adjacent markets that when combined with our two previous new portfolio companies, OPI and Inovity, enables us to continue to build an unrivaled platform in the AIDC industry,” said Juliann Larimer, president and CEO of Peak-Ryzex.
“Bar Code Direct has a proven, strong commitment to providing innovative solutions from a team of experienced and knowledgeable resources—and will be a great complement to the Peak portfolio, strengthening our coverage and capabilities in the Eastern U.S.,” said Dewey Turner, partner, president of operations at Sole Source Capital.