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Sole Source Capital Portfolio Company Peak Technologies Acquires DBK Concepts, Inc.

Transaction Marks Fourth Add-On Acquisition for Peak Technologies Backed by Sole Source Capital

DALLAS-(BUSINESS WIRE)-Sole Source Capital LLC, an industrial-focused private equity firm, today announced that its portfolio company, Peak Technologies, an outsourced IT and hardware provider of barcoding and data collection solutions to customers across North America, has acquired DBK Concepts Inc (DBK). Terms of the transaction were not disclosed.

The acquisition of DBK marks Sole Source's 10th investment in the automatic identification & data capture (AIDC) space. Sole Source has supported Peak Technologies in three prior add-on acquisitions including Optical Phusion Inc., Inovity Inc. and Bar Code Direct.

Headquartered in Miami, Florida, and founded in 1989, DBK is a provider of end-to-end AIDC software solutions and repair services for many leading U.S. companies. The company provides both new equipment sales and repair/refurbishment services to large, enterprise customers in the grocery, consumer, retail, and supply chain/logistics end markets.

Peak Technologies supplies industry-leading automated data collection solutions to Fortune 500 customers along with small and medium-sized businesses that enable them to become more efficient and responsive to their customers. The acquisition of DBK provides Peak Technologies with a robust in-house service and repair capability as well as expands its range of products.

"We look forward to joining the Peak Technologies family to create an unparalleled customer offering and experience," said Danny Katz, CEO of DBK. "In addition, we would like to thank the Sole Source team for their strong collaboration and commitment throughout the process to get the transaction completed in an expedited timeframe."

"We are pleased to welcome DBK to the Peak Technologies' family of companies. DBK's aftermarket service expertise will broaden Peak's capabilities and allow us to be a full-service provider to our customers," said Juliann Larimer, Chairperson of Peak Technologies.

"I'm extremely proud of our team for assisting Peak Technologies in creating a national market leader by completing four strategic transactions in a few short months" said David Fredston, Founder and CEO of Sole Source Capital. "Since 2020 we have made 10 investments in the AIDC space, which we believe has strong secular tailwinds."

Dewey Turner, Partner, President of Operations, further noted, "The services and product offerings of DBK are an ideal fit with Peak, and their in-house service and repair capabilities will provide meaningful insourcing and cross-selling opportunities."

Ernst & Young Capital Advisors, LLC (EYCA) acted as the exclusive financial advisor to DBK Concepts, Inc. in connection with the transaction. White & Case acted as counsel to Sole Source and DBK was represented by Berger Singerman.

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 solesourcecapital.com or contact investor.relations@solesourcecapital.com.

About Peak Technologies

Headquartered in Columbia, Maryland, Peak Technologies is a North American outsourced IT and hardware provider of barcoding and data collection solutions. With over 35 years of supply chain, field mobility and retail services expertise, Peak Technologies has an insider's perspective of the market; its origins, participants, and dynamic forces of change. With extensive application experience across industry segments, Peak Technologies is able to provide objective consultancy on business processes, software, hardware, as well as turn-key solutions for equipment repair, life cycle support, technology, vertical/application and business services. For more information, please visit www.peaktech.com.

About DBK Concepts, Inc.

DBK Concepts, Inc. excels in delivering and developing complete, mobile data-collection solutions. With over 30 years in wireless software, hardware and services, DBK has built a base of Fortune 500 customers that depend on its "One Point of Contact" services. The company offers new and refurbished data-collection mobile computers, custom software development, maintenance and repair services, and professional / implementation services. DBK largely serves companies in the retail, grocery, wholesale and transportation industries. DBK was founded in 1989 and is based in Miami, FL. For more information, please visit www.dbk.com.


Sole Source Capital

DBK Concepts

Technology Circle
12905 SW 129th Avenue
Miami, FL 33186

Phone: 1-800-725-7226
Local Phone: 305-596-7226
Fax: 305-596-7222
E-Mail: sales@dbk.com
URL: www.dbk.com

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