Sole Source Capital to Merge Peak-Ryzex and Optical Phusion

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 software lines, support additional machine vision and machine learning applications.

Additionally, Peak-Ryzex is a reseller of barcoding, data collection, and factory automation equipment. Optical Phusion software solutions serve the grocery, pharmacy, and retail end markets.