DALLAS--(BUSINESS WIRE)--Sole Source Capital LLC, an industrial-focused private equity firm, today announced that its portfolio company, Peak Technologies, a leading system integrator in the Automatic Identification and Data Capture (“AIDC”) market, has acquired Siena Analytics. The acquisition marks Sole Source Capital’s 16th investment in the AIDC industry, and the eighth add-on acquisition for Peak Technologies since Sole Source acquired the company in 2021. The eight prior add-on acquisitions for Peak Technologies include Optical Phusion, Inovity, Bar Code Direct, DBK Concepts, Avalon Integration, Graphic Label, VisionID and Dalosy. The acquisition of Siena Analytics adds a critical proprietary logistics software solution to the Peak Technologies portfolio that will help customers address visibility and automation issues affecting all supply chain businesses. Terms of the transaction were not disclosed.
Headquartered in Franklin, MA and founded in 2013, Siena Analytics is a provider of supply chain and logistics analytics software and artificial intelligence solutions. Siena Analytics offers solutions that make logistics teams more efficient, by using A.I. and machine vision to instantly scale manual processes and leverage data that would otherwise be left on the distribution center floor. Siena’s analytics tools were developed specifically for logistics by its founders who have significant supply chain and logistics industry experience. Siena integrates seamlessly into existing hardware, enterprise software, and I.T. infrastructure. The Siena analytics team can implement the solution without significant investment, on any sensor system. Founder and CEO John Dwinell will remain in his current role.
“Siena’s suite of products yield intelligence for improved supply chain and distribution visibility by leveraging A.I. and machine vision to power digital transformation from the heart of the enterprise. With Peak’s current supply chain and logistics solutions, the Siena analytics suite will support emerging opportunities in micro-fulfillment and provide mobile and retail visibility in the omni-channel supply chain,” said Tony Rivers, CEO of Peak Technologies.
“We are excited to join the team at Peak Technologies. The combination of Peak’s experience in the AIDC industry, together with the team and technology at Siena, will help us deliver more value and be the trusted digital transformation partner for our customers,” said John Dwinell, CEO of Siena Analytics.
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 www.solesourcecapital.com or contact investor.relations@solesourcecapital.com.
About Peak Technologies
Headquartered in Columbia, Maryland, Peak Technologies is a leading system integrator of digital supply chain, retail and mobile workforce 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 Siena Analytics
Siena Analytics helps companies quickly identify, diagnose, and resolve issues with their high-volume logistics operations whether sorting, scanning, or dimensioning equipment. Our Siena Insights software suite meets the demanding security standards of Fortune 500 companies and processes millions of packages per day. By incorporating Deep Learning, we automate manual workflows to increase efficiency and accuracy. For more information, please visit https://sienaanalytics.com/.
