January 10, 2022
Peak Technologies, owned by Sole Source Capital, is buying Avalon Integration. Peak and Avalon are full life-cycle system integrators and providers of digital supply chain, retail and mobile workforce solutions. New Jersey-based Avalon sells primarily to enterprise-level health care, grocery and consumer customers.
No word on the price tag of the acquisition.
Sole Source has supported Peak Technologies in four prior add-on acquisitions including Optical Phusion, Inovity, Bar Code Direct and DBK Concepts. The acquisition of Avalon marks Sole Source’s 12th investment in the automatic identification and data capture (AIDC) industry.
Tony Rivers is CEO of Peak Technologies.
Peak Technologies’ Tony Rivers
“We are excited to welcome the Avalon team. Avalon’s extensive technical capabilities drive a differentiated solutions offering to its customers,” Rivers said.
Peak provides solutions to Fortune 500 customers, along with midmarket businesses. As a result of the deal, the company will become more efficient and responsive to customers, it said. The acquisition of Avalon aims to give Peak Technologies significant cross-selling opportunities to blue-chip enterprise customers. Also, the acquisition exposes the company to health care, pharmaceutical and grocery end markets, and additional reach into the Northeast.
Dan McCabe is CTO of Avalon Integration.
Avalon Integration’s Dan McCabe
“We are thrilled to join one of the strongest teams in the digital supply chain, retail and mobile workforce solutions industry. We are excited to bring the capabilities of Peak Technologies to our client base,” McCabe said.
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