Consolidation in the supply chain sector is being driven by buyers eyeing businesses that can help solve the issues. In the middle market, companies need technology to help manage them their logistic services more efficiently amid massive labor shortages. And those businesses are attracting middle-market PE investors such as Peak Rock Capital.
On Tuesday, Peak Rock said it bought Mojix. Los Angeles-based Mojix, founded in 2004, helps businesses manage their inventory and assets through data and analytics so they can improve operational efficiency, order fulfillment and inventory accuracy. The target works with companies across the food and beverage, manufacturing, industrials, aerospace and defense and retail sectors.
Businesses have been gradually adding various technology products to their operation processes to fulfill more orders quickly and accurately. The combination of e-commerce sales soaring from the pandemic and labor shortages has created problems across the board in logistics.
“Technology platforms like Mojix empower customers to navigate a rising cost environment with constrained supply chains,” Peak Rock managing director Pete Leibman tells Mergers & Acquisitions. “These platforms are in high demand in the investment community for their mission critical workflows and attractive growth characteristics. Mojix is pursuing strategic M&A opportunities with differentiated supply chain software visibility and traceability platforms. Peak Rock will also continue to be focused more broadly on acquiring high growth software platforms that serve durable, growing end markets.”
– Demitri Diakantonis
