Sole Source Capital LLC, an industrial-focused private equity firm, announced today that it has acquired I.D. Images (“IDI”), a premier provider of product identification solutions. Terms of the transaction were not disclosed.
Established in 1995, IDI is a manufacturer of high-quality durable and graphic intensive labels that address a broad range of product identification needs for a variety of end markets and customers. The company offers custom and stock labels to distributors, value-added resellers, and label converters and printers. Headquartered in Brunswick, OH, the company has eight manufacturing and distribution locations across the United States.
“We selected product identification labels late last year as a thematic beneficiary of supply chain digitization, e-commerce and rising traceability requirements in the food and healthcare sector,” said David Fredston, Founder and CEO of Sole Source Capital. “We are excited to partner with IDI to provide significant capital and integration expertise as the company executes its buy-and-build strategy within this highly fragmented industry.”
“By leveraging Sole Source Capital’s experience investing in leading industrial companies as well as its operating and M&A capabilities, we believe this partnership will propel IDI’s continued expansion across North America,” said Scott Sussman, Partner and CIO of Sole Source Capital. “IDI has a longstanding track record as a market leader and a strong reputation and network of relationships that will be valuable as we source accretive M&A opportunities.”
Brian Gale, President and Chief Executive Officer of I.D. Images, said “This partnership with Sole Source is a testament to the tremendous efforts and hard work of the I.D. Images team to build a differentiated value proposition in the market. Development of carefully cultivated customer solutions combined with teamwork have become deeply embedded characteristics of our company. As demand for our products continues to grow, we believe that now is the right time to bring on a partner that can provide strategic capital as well as operational and financial expertise. The IDI team looks forward to partnering with SSC.”
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