We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
For the second time in a month, the barcoding and data collection provider Peak-Ryzex has gone back on the acquisition trail, announcing today that it has leveraged its private equity backing to buy another auto-ID provider, Bar Code Direct.
The deal comes as retailers and third party logistics providers (3PLs) are hustling to keep up with an e-commerce boom and economic recovery, even as pandemic pressures constrict the labor pool and freight capacity sectors.
Sole Source Capital itself has been on an acquisition tear in the sector, with this latest deal its eighth purchase of companies providing automatic identification and data capture tools since 2020. The California-based firm in April bought Peak-Ryzex and Optical Phusion Inc., merging them into a single company. In May it added Inovity Inc. to that collection, and today added Bar Code Direct to the group.
Headquartered in North Grafton, Massachusetts, Bar Code Direct says it is a value-added reseller of AIDC solutions for the manufacturing, retail, consumer, and healthcare end-markets. It is focused on applications for warehouse workers, freight truck drivers, field service technicians, in-store associates, package delivery, and sales personnel.