Sole Source Capital LLC, an industrial-focused private equity firm, has acquired I.D. Images, a premier provider of product identification solutions. Terms of the transaction were not disclosed.
Established in 1995, IDI is a manufacturer of high-quality durable and graphic intensive labels that address a broad range of product identification needs for a variety of end markets and customers. The company offers custom and stock labels to distributors, value-added resellers, and label converters and printers. Headquartered in Brunswick, the company has eight manufacturing and distribution locations across the United States.
“We selected product identification labels late last year as a thematic beneficiary of supply chain digitization, e-commerce and rising traceability requirements in the food and healthcare sector,” said David Fredston, Founder and CEO of Sole Source Capital. “We are excited to partner with IDI to provide significant capital and integration expertise as the company executes its buy-and-build strategy within this highly fragmented industry.”
Citizens Bank acted as the exclusive financial advisor to I.D. Images and Keybanc Capital Markets acted as the exclusive financial advisor to Sole Source Capital in connection with the transaction.
