Sole Sourch Portfolio Company ID Images Acquires Summit Labels and Precision Label
Sole Source Capital LLC, an industrial-focused private equity firm, today announced that its portfolio company, ID Images (“IDI”), a premier provider of product identification solutions, has acquired Summit Labels and Precision Label in separate transactions. The acquisitions bring the total number of add-on investments for IDI to seven since becoming a Sole Source Capital portfolio company in August 2021, with the company’s most recent acquisition of Hickman Label announced just last month. Terms of the transactions were not disclosed. Jointly-owned Vancouver, Canada-based Summit Labels and Calgary, Canada-based Precision Labels are both manufacturers of prime labels for the food & beverage, industrial, and nutraceutical end markets. The companies’ Canadian facilities expand IDI’s presence across Canada while increasing its exposure to digital printing and prime label offerings. In addition, the companies' design and marketing teams often collaborate with clients to help create branding strategies through custom labeling.