Combined capabilities provide market-leading supply chain
automation and point-of-sale technologies across North
America
Barcoding, Inc. (“Barcoding”), a provider of supply chain
optimization and warehouse automation solutions, a portfolio
company of Graham Partners (“Graham”), has merged
with DecisionPoint Systems, Inc. (NYSE: DPSI; "DPSI"),
unified under their new holding company DecisionPoint
Technologies. A merger agreement was signed and announced
earlier this spring and the transaction was completed on July 5,
2024.
Barcoding, a provider of supply chain automation and innovation,
seeks to revolutionize global organizational efficiency, accuracy
and connectivity. Headquartered in Baltimore, Maryland, the company
leverages its experience in data capture, automation and mobile
computing to deliver tailored solutions for complex supply chain
challenges across industries, such as manufacturing, distribution,
retail, and transportation and logistics.
Headquartered in Delray Beach, Florida, DPSI is an integrator of
enterprise mobility solutions and managed services focused on the
deployment and management of data capture and point-of-sale ("POS")
technologies within retail, logistics and healthcare end markets.
DPSI occupies an adjacent area of Barcoding's current market, which
may benefit from increasing adoption of automation and advanced POS
technologies over the coming years.
With the combined capabilities resulting from the merger, the
unified Barcoding and DPSI is well positioned as a
solutions-focused integrator capable of supporting advanced
deployment, integration and services across enterprise mobility,
IoT/RFID and POS technologies. Further, the added scale and
expanded geographic presence across North America should allow the
unified business to better support enterprise-level customers
across a broad range of industries and solution needs, as well as
further bolster its value proposition with OEM partners.
Mike Stewart, Principal at Graham Partners, said "We believe
this merger will be transformative for our investment in Barcoding
and is underpinned by our continued belief in the value proposition
of enterprise mobility integrators supporting trends towards
increasing levels of automation and proliferation of traceability
technology." He continued, "We look forward to integrating these
two businesses and developing a leading platform in the enterprise
mobility industry."
"We're thrilled to unite Barcoding and DecisionPoint, bringing
together our passion for innovation and customer experience,” said
Shane Snyder, CEO of Barcoding, Inc. “This merger allows us to
offer our enterprise customers an expanded, cutting-edge suite of
solutions and services that spans retail, supply chain and beyond.
Together, we're not just growing—we're reimagining what's possible
in our industry, and we look forward to showing our customers the
enhanced value and service that we believe this partnership will
bring."
"The merger of DecisionPoint and Barcoding creates a powerhouse
that combines decades of industry experience, high quality service
offerings and a strong leadership team”, said Steve Smith, CEO of
DecisionPoint. “Our shared cultures of respect and candor not only
fosters talent retention and growth, but also enables us to
innovate and adapt to these changing times to better serve our
customers. We believe we’re positioned to achieve greater scale,
yet small enough to remain nimble.”
About DPSI
DPSI is an integrator of enterprise mobility solutions and
services focused on providing deployment, integration and support
services for essential retail, foodservice, supply chain,
healthcare, hospitality, and other verticals utilizing data capture
and POS technologies, enabling customers to make better and faster
operational and business decisions.
About Barcoding
Barcoding is a supply chain automation and innovation company
that helps organizations be more efficient, accurate, and
connected. With our enterprise platform IntelliTrack® and extensive
subject matter expertise in data capture and automation, labels and
printing, connectivity and security, and mobile computing, we are
trusted to build and manage solutions for some of the best IT and
operations teams in the world. Founded in 1998, Barcoding is
headquartered in Baltimore, MD, with offices across North America
(Philadelphia, Chicago, Houston, Seattle, Montreal, Toronto, and
Vancouver). For more information, visit www.barcoding.com.
About Graham Partners
Graham Partners is a private investment firm focused on
investing in technology-driven companies that are spurring
innovation in advanced manufacturing, resulting in product
substitutions, raw materials conversions, and disruptions to
traditional end markets. Graham Partners can offer control or
minority capital solutions and typically targets companies with
EBITDA up to $50 million. Since the firm's founding in 1988 by
Steven Graham, Graham Partners has closed over 160 acquisitions,
joint ventures, financings, and divestitures. The committed capital
raised since inception through the Graham Partners funds together
with Graham-led co-investments totals approximately $6.2 billion as
of March 31, 2024, pro forma for subsequent events, which differs
from Graham’s Regulatory Assets Under Management of approximately
$3.7 billion as of March 31, 2024. Investors include high-net-worth
individuals, college and university endowments, foundations,
pension plans, insurance companies, funds-of-funds, and other
institutional investors. Based in suburban Philadelphia, the firm
has access to extensive operating resources and industrial
expertise and is a member of The Graham Group, an alliance of
independent operating businesses, investment firms and
philanthropic entities, which all share in the common legacy of
entrepreneur Donald Graham.
Legal Disclaimer
This press release is for informational purposes and is not an
offer to sell, or a solicitation of an offer to buy, securities in
the United States or elsewhere. Graham Partners is not utilizing
this release to provide investment or other advice, and no
information disclosed therein is to be relied upon for the purpose
of making investment decisions. Past performance does not guarantee
future results and any transactions described are included as
representative transactions and are not necessarily reflective of
overall performance. It should not be assumed that any investment
described herein was or will be profitable. There can be no
assurance that historical trends will continue. Graham Partners'
market characterization is based on subjective determinations that
it believes reasonable but others may disagree with such
characterization. There is no guarantee that Graham Partners'
initiatives will drive value for its investments or accelerate
growth or lead Graham Partners' investments to become
profitable.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240708124202/en/
Lindsey Young 205-616-7848 lyoung@theblissgrp.com
DecisionPoint Systems (AMEX:DPSI)
Historical Stock Chart
From Dec 2024 to Jan 2025
DecisionPoint Systems (AMEX:DPSI)
Historical Stock Chart
From Jan 2024 to Jan 2025
