Charter Capital Partners, a Grand Rapids, Michigan-based investment bank, today announced that its client, Optical Phusion, Inc. (OPI), an industry leader in self-service kiosks, enterprise mobility, and wireless technology solutions, has been acquired by Sole Source Capital LLC, an industrial-focused private equity firm. Sole Source simultaneously acquired Peak-Ryzex and merged the companies, both premier providers of automatic identification and data capture (AIDC) and factory automation solutions. Charter Capital Partners principals served as exclusive M&A advisor to OPI.
An emerging leader in the AIDC M&A space, Charter Capital Partners was the advisor for the OPI transaction, which was executed by Charter team members Mike Brown, Partner and Managing Director, and Justin Pinto, Associate. Charter also served as advisor to Minneapolis-based Supply Chain Services in its acquisition by Sole Source in 2020, as well advisor to Holland, Michigan-based Informs Inc. in its acquisition by Barcodes, Inc in 2019. These three transactions have formed a strong foundation for the launch of Charter’s industry practice focused on serving the AIDC/RFID, warehouse automation, and wireless technology solutions industries.
Tony Rivers, President, OPI, added, “We couldn’t have been more pleased with the concerted effort that Charter put in to help achieve our M&A goals and connect us with a great company, while meticulously guiding us through the transaction process. I look forward to working with Sole Source Capital and the Peak-Ryzex team to deliver an expanded breadth of products and services to our customers.” Read more at Yahoo Finance.