Sole Source Capital acquires ISG Technologies
Santa Monica-based investment firm Sole Source Capital announced on July 7 that it will acquire
Sole Source Capital has a portfolio of industrial, materials and energy companies, including oil and gas, product distribution and plastics manufacturing, and focuses on investments in fragmented sub-sectors. .
The latest acquisition joins Oakdale, Minnesota, supply chain services, which specialize in automatic identification and data capture, in the company’s portfolio. Sole Source Capital acquired Supply Chain Services in 2020.
ISG works with clients in various industries, from warehousing and logistics to retail and entertainment, to outsource their mobile device management operations. In the announcement, Sole Source Capital said the acquisition of ISG “adds to Supply Chain Service’s product line and extends its geographic reach into Texas.”
âThe AIDC industry is benefiting from secular favorable winds driven by the continued focus on integrated supply chains and the growth of smart and connected devices,â said Scott Sussman, chief investment officer at Sole Source Capital. âISG’s end-to-end service capabilities and commitment to providing tailor-made solutions to its customers make it an ideal choice for supply chain services. “
In April, Sole Source announced that it had purchased two other manufacturers specializing in automatic identification and data capture: Peak-Ryzex, based in Columbia, Md., And Optical Phusion Inc, based in Littleton, MA.
Since acquiring Supply Chain Services, the company has also acquired Miles Data Technologies, based in Waukesha, Wisconsin, and Coridian Technologies Inc., based in Chanhassen, Minnesota, and Dasco Label, based in Baine, WI. Minnesota. All three companies work in the automatic identification and data capture space.
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