Peak Technologies, Supply Chain Services Merge
August 4, 2022
Technologies and Supply Chain Services have entered into a definitive
merger agreement to combine the two companies. The combined company,
which will operate under the Peak Technologies name, creates a
full-service solution provider in the large, highly fragmented AIDC
market and a true end-to-end provider of mission-critical AIDC solutions
that enable supply chain automation amid increasing technological, labor
market and supply chain complexity. Both Peak Technologies and Supply
Chain Services are Sole Source Capital portfolio companies. The combined
entities will be headquartered in Littleton, MA.
With Peak Technologies’ existing focus on large, enterprise customers
and Supply Chain Services focus on small and medium-sized businesses,
the newly combined company is well positioned to offer a full suite of
solutions to both existing and new customers across North America and
Europe. The combination provides customers a one-stop shop for their
entire solutions life cycle from design, deployment, management and
onsite and break fix services. Peak Technologies CEO Tony Rivers will
lead the combined company, and SCS CEO Dave Green will become Executive
Chairman. Terms of the transaction were not disclosed.
merging of these two industry-leading companies creates the largest team
of AIDC professionals in our industry and gives us the ability to
partner with customers throughout the world to solve complex problems
through our technology and services.” said Tony Rivers, CEO of Peak
The newly combined company will be the industry’s largest provider of
end-to-end solutions that modernize the factory, optimize the warehouse,
revolutionize the retail experience and reimagine field services and
last mile delivery.
“Supply Chain Services is excited to join the Peak Technologies team.
The combination will create a true end-to-end lifecycle provider capable
of managing any supply chain and logistics solution including emerging
opportunities in micro-fulfillment to provide mobile and retail
visibility in the omni channel supply chain,” said Dave Green, Executive
Chairman of Peak Technologies.