Founded in 2002, Avalon is a regionally focused system integrator headquartered in Lebanon, New Jersey. The company specializes in digital supply chain, retail and mobile workforce solutions for enterprise customers in the healthcare, pharmaceutical, grocery and consumer channels, the seller indicated.
Peak Technologies is headquartered in Columbia, Maryland and provides digital supply chain, retail and mobile workforce solutions to Fortune 500 customers and mid-market businesses.The acquisition of Avalon provides Peak Technologies with expanded opportunities to serve enterprise customers and broadens the company's reach into healthcare, pharmaceutical and grocery markets as well as extends its geographic reach into the northeast U.S., according to the buyer.Dan McCabe, CTO, Avalon Integration
Tony Rivers, CEO, Peak Technologies, commented on the news:
“We are excited to welcome the Avalon team. Avalon’s extensive technical capabilities drive a differentiated solutions offering to its customers, which is a perfect fit within the Peak Technologies portfolio."
Dan McCabe, CTO, Avalon Integration, added:
“We are thrilled to be joining one of the strongest teams in the digital supply chain, retail, and mobile workforce solutions industry and are excited to bring the capabilities of Peak Technologies to our client base."
Sole Source Capital: Private Equity for Industrial Sector
Founded in 2016 by David Fredston, Sole Source Capital is a private equity firm focused on the industrial subsector with a buy-and-build strategy. Sole Source seeks founder-owned businesses or corporate carve-outs that can benefit from operating and M&A capabilities, according to the firm. Sole Source is headquartered in Dallas, Texas and has additional offices in Santa Monica, California.Peak Technologies' Avalon Integration acquisition marks Sole Source’s twelfth investment in the automatic identification and data capture (AIDC) industry, according to the buyer. Sole Source has supported Peak Technologies in four prior add-on acquisitions including Optical Phusion in April 2021, Inovity and Bar Code Direct in May 2021 and DBK Concepts in August 2021.
Sharon is a master technology storyteller and editor with omnichannel experience: books and print magazines, digital, webcast, blogging, podcast, live events and video and associated brand-specific social media content. From 1999 to 2003, she acquired and edited technology books and certification exam prep guides.
After a year spent in publicity and editorial at mass-market book publishers, she returned to tech publishing and, since 2004, explored B2C and B2B news, issues and trends in consumer, lifestyle, software, software development, AI, ML, networks, big data, hardware, security, storage, cloud, equity, inclusion, diversity, women in tech, career development, IT management, H-1B visa issues and immigration, education, training and learning.
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