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Industrial-focused private equity firm Sole Source Capital acquired Peak-Ryzex from Keystone Capital and Optical Phusion from its founders. The two companies — providers of automatic identification, data capture, and factory automation solutions — will be merged and led by Peak-Ryzex CEO Juliann Larimer, CFO Michele Adams, and Optical Phusion President Tony Rivers. Terms of the transaction were not disclosed.
Peak-Ryzex’s machine vision integration solution supports factory and industrial applications including pallet scanning, printing and labeling, automated pick-and-pack sorting, categorization, and tracking. Detection and safety and inspection solutions from Optical Phusion, including sensors (hardware) and…READ MORE