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.
  • INDUSTRY PRESS ROOM
  • SUBMISSIONS
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
Home » Peak Technologies and SCS merge to join forces in automatic ID and data capture sector

Peak Technologies and SCS merge to join forces in automatic ID and data capture sector

Private equity-backed firms have acquired a combined 21 logistics tech providers since 2020.

scs_wireless.jpeg
August 3, 2022
Supply Chain Quarterly Staff
No Comments

The private equity firm Sole Source Capital is merging two of its portfolio companies in the automatic identification and data capture (AIDC) sector, saying that the combination of Peak Technologies and Supply Chain Services (SCS) creates a full-service solution provider in a fragmented market.

The combined company, which will operate under the Peak Technologies name, will be headquartered in Littleton, Massachusetts. Peak Technologies CEO Tony Rivers will lead the combined company, and SCS CEO Dave Green will become executive chairman. Terms of the deal were not disclosed.

The new company aims to be an end-to-end provider of AIDC solutions that enable supply chain automation, answering a rising demand for solutions amid increasing technological, labor market, and supply chain complexity, Sole Source said.

One way it plans to reach that goal is by combining Peak Technologies’ existing focus on large, enterprise customers with SCS’ focus on small and medium-sized businesses. Another way is through increased scale; Peak Technologies says it will become the industry’s largest provider of end-to-end solutions that modernize the factory, optimize the warehouse, revolutionize the retail experience, and reimagine field services and last mile delivery.

The move is the latest step by Dallas-based Sole Source to consolidate the AIDC marketplace, following years of mergers and acquisitions conducted by those two portfolio firms.

Just last month, Peak Technologies acquired Siena Analytics, a Franklin, Massachusetts-based provider of supply chain and logistics analytics software and artificial intelligence solutions. That deal marked Sole Source Capital’s 16th investment in the AIDC industry, and the eighth add-on acquisition for Peak Technologies since Sole Source acquired the company in 2021. 

And likewise in January, SCS acquired Access POS, an Eagan, Minnesota-based provider of AIDC hardware and repair & maintenance services to the warehouse logistics, retail, and grocery end markets. That purchase marked Sole Source’s fifth add-on transaction for SCS since acquiring the firm in 2020.


Peak Technologies and Supply Chain Services announce merger agreement. Combined company will create leading systems integrator in AIDC market. Read the full press release here: https://t.co/oTHV6Njf1I

— Peak Technologies (@PeakTechNA) August 3, 2022
Technology Warehousing
KEYWORDS Peak Technologies Sole Source Capital Supply Chain Services
  • Related Articles

    Chain.io and Overhaul Join Forces to Optimize Supply Chain Data Insights

    Peak Technologies continues its consolidation tear through AIDC sector

    Peak Technologies acquires data-collection solutions provider DBK Concepts

Recent Articles by Supply Chain Quarterly Staff

Kearney launches “supply chain institute” as more companies seek resilience plans

Trucking industry lobbies for leverage in transition to zero emissions

Safety will be top of mind on National Forklift Safety Day 2023

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Survey: most Americans unaware that truckers face shortage of parking spaces

  • Best practices in logistics sustainability

  • Supply chain executives not yet seeing expected results from technology investments

  • Postal Service plans to seize items mailed with fake stamps

  • Inflation drops again as interest rate hikes hit home, NRF says

Featured Video

20221107korber large vs

Enhancing Customer Experience with Your Supply Chain Strategy

Viewer Contributed
With the rise of e-commerce, many businesses have had to transform their warehouses to handle online orders in addition to regularly scheduled inventory shipments. This means warehouses need more information than ever before to ensure they can meet customers' needs. As a result, companies need to select warehouse...

FEATURED WHITE PAPERS

  • Guide to Pallet Rack Safety

  • 3PLs: Complete Orders Faster with Flexible Automation

  • A shipper's guide to navigating post-pandemic holiday freight

  • THE NEW WAY TO WAREHOUSE: 4 Innovations in Automation & Robotics to Boost Warehouse Productivity

View More

Subscribe to Supply Chain Quarterly

Get Your Subscription
  • SUBSCRIBE
  • E-NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2023. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing