Transaction Marks Sole Source’s Fifth Add-on Acquisition Since Acquiring Supply Chain Services in May 2020
DALLAS — Sole Source Capital LLC, an industrial-focused private equity firm, today announced that its portfolio company, Supply Chain Services (“SCS”), a leading full life-cycle system integrator and provider of digital supply chain, retail and mobile workforce solutions, has acquired Access POS. This is Sole Source’s fifth add-on transaction for SCS, following the purchases of Dasco Label, Miles Data, Coridian and ISG Technologies since acquiring SCS in May 2020. Terms of the transaction were not disclosed.
Access POS is a provider of Automatic Identification and Data Collection (“AIDC”) hardware and repair & maintenance services to the warehouse logistics, retail, and grocery end markets. The company primarily focuses on small- and medium-sized businesses and provides service offerings tailored to AIDC hardware used in warehouse and distribution centers. Access POS was founded in 2001 and is headquartered in Eagan, MN.
Supply Chain Services delivers innovative, automated data collection solutions to nearly 3,000 customers, providing critical technology that allows businesses to become more efficient and responsive. Through the acquisition of Access POS, Supply Chain Services will expand its repair & maintenance service capabilities and benefit from significant cross-selling opportunities across a broader customer base.
“We look forward to welcoming the Access POS team to Supply Chain Services. Access POS’ premier repair and maintenance capabilities will help broaden SCS’ solutions offering to our customers and help provide further scale to the platform,” said David Green, CEO, Supply Chain Services.
“We are very excited to join Supply Chain Services, which will provide us with access to additional resources, scale and expand our geographic coverage to continue helping our customers meet their business challenges,” said Brad O’Malley, Owner of Access POS.
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 an additional office 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 leading North American full life-cycle system integrator and provider of end-to-end digital supply chain, retail and mobile workforce 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 Access POS
Since its inception in 2001, Access POS has been providing AIDC hardware and repair & maintenance services to the warehouse logistics, retail, and grocery end markets. The Company primarily focuses on small and medium-sized businesses and provides service offerings tailored to AIDC hardware used in warehouse and distribution centers. For more information, please visit www.accesspos.com.
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