DALLAS--(BUSINESS WIRE)--Sole Source Capital LLC, an industrial-focused private equity firm, announced today that its portfolio company, Supply Chain Services, a premier provider of automatic identification and data capture (“AIDC”) and factory automation solutions to customers across North America, has acquired ISG Technologies. The acquisition of ISG Technologies adds to Supply Chain Service’s product line and expands its geographic reach into Texas. This is the fourth add-on transaction supported by Sole Source Capital, following the purchases of Dasco Label, Miles Data and Coridian since Supply Chain Services was acquired in May 2020. Terms of the ISG Technologies transaction were not disclosed.
Headquartered in Arlington, TX, ISG is a value-added reseller of AIDC hardware and provider of repairs, maintenance and managed mobility services. ISG serves blue-chip customers across a variety of end markets including food and beverage distribution, retail, entertainment, warehousing and logistics. Since 1995, ISG Technologies has provided its customers the ability to outsource their entire mobile device management operations.
Supply Chain Services delivers innovative, automated data collection solutions to nearly 3,000 customers by providing critical technology that allows businesses to become more efficient and responsive. Through this acquisition of ISG Technologies, Supply Chain Services will continue to grow its range of data collection solutions for clients, underscoring its technology-driven product leadership and unparalleled commitment to high-quality customer service.
“We are very excited to welcome ISG Technologies to our team,” said Dave Green, CEO of Supply Chain Services. “This partnership broadens our product and service offerings and expands our geographic reach as we continue to strive to provide best-in-class service to our customers.”
“The AIDC industry is benefitting from secular tailwinds driven by the continued focus on integrated supply chains and the growth of smart, connected devices,” said Scott Sussman, CIO at Sole Source Capital. “ISG’s end-to-end service capabilities and commitment to providing bespoke solutions for its customers make it an ideal fit for Supply Chain Services.”
About Sole Source Capital
Founded in 2016 by David Fredston, Sole Source Capital is a private equity firm that thematically invests in fragmented, high-growth industrial subsectors. Sole Source seeks founder-owned businesses or corporate carve-outs that will benefit from the team’s operating and M&A capabilities. The Firm has a strong operating heritage that enables it to execute a buy and build strategy with significant downside protection. The Firm is headquartered in Dallas, Texas with offices in Santa Monica, California. For more information, please visit www.solesourcecapital.com or contact firstname.lastname@example.org.
About Supply Chain Services
Headquartered in Oakdale, Minnesota, Supply Chain Services is a North American value-added reseller of barcoding and data collection solutions. As experts in data collection technology, the Company works to provide knowledgeable sales and information technology expertise to increase efficiency and productivity to a wide range of end markets such as food processing and distribution, grocery, healthcare, e-commerce, manufacturing, and logistics services. For more information, please visit www.supplychainservices.com.
About ISG Technologies
Established in 1995, ISG is a global managed mobility services provider working with customers in a range of industries including food and beverage distribution, retail, entertainment, warehousing and logistics. With offices in Arlington, Texas and Baltimore, Maryland, ISG offers customers the ability to outsource their entire mobile device management operation. The Company helps customers boost productivity and cut operating costs by designing, deploying, managing and servicing barcoding, data collection, wireless, and mobile technology devices and solutions. ISG is headquartered in Arlington, TX. For more information, please visit www.isgtechnologies.com.