Sole Source Portfolio Company Id Images Acquires Summit Labels And Precision Label
Dec 05, 2022•over 2 years ago
Acquiring Company
I.D. Images
Acquired Company
Summit Labels
Description
Sole Source Capital LLC, an industrial-focused private equity firm, today announced that its portfolio company, ID Images (“IDI”), a premier provider of product identification solutions, has acquired Summit Labels and Precision Label in separate transactions. The acquisitions bring the total number of add-on investments for IDI to seven since becoming a Sole Source Capital portfolio company in August 2021, with the company’s most recent acquisition of Hickman Label announced just last month. Terms of the transactions were not disclosed.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed