Charter Capital Partners, a Grand Rapids, Michigan-based investment bank, today announced that its client, ISG Technologies, has been acquired by Supply Chain Services, a portfolio company of Sole Source Capital. The acquisition adds to Supply Chain Services’ product portfolio and expands its geographic reach into Texas. Charter Capital Partners principals served as exclusive M&A advisor to ISG Technologies.
Supply Chain Services delivers innovative, automated data collection solutions to nearly 3,000 customers, providing critical technology that allows businesses to become more efficient and responsive. The company was acquired by Sole Source Capital in May 2020, with Charter Capital Partners serving as M&A advisor to Supply Chain Services. Through the acquisition of ISG Technologies, Supply Chain Services will continue to grow its range of data collection solutions for clients, underscoring its technology-driven product leadership and unparalleled commitment to high quality customer service.
The transaction was executed by Charter team members Mike Brown, Partner and Managing Director, and Justin Pinto, Associate. “This is our fourth recent transaction in the AIDC space, and we look forward to continue providing our M&A expertise to business owners within the industry,” said Brown. “Having served as M&A advisor to Supply Chain Services in its acquisition by Sole Source Capital, we realized right away that ISG would be a great fit. We are excited to see the synergies that the acquisition provides.” Read more at PR Newswire