Graham Partners Reaches Decision Point
July 8th, 2024
PHILADELPHIA
Portfolio Company Barcoding Completes Merger with DecisionPoint Systems
Graham Partners (“Graham”), a private investment firm targeting advanced manufacturing companies, is pleased to announce that one of its portfolio companies, Barcoding, Inc. (“Barcoding”), a provider of supply chain optimization and warehouse automation solutions, has merged with DecisionPoint Systems, Inc. (NYSE: DPSI; “DPSI”), unified under the new holding company DecisionPoint Technologies. A merger agreement was signed and announced earlier this spring and the transaction was completed on July 5, 2024.
Headquartered in Delray Beach, Florida, DPSI is an integrator of enterprise mobility solutions and managed services focused on the deployment and management of data capture and point-of-sale (“POS”) technologies within retail, logistics, and healthcare end markets. DPSI occupies an adjacent area of Barcoding’s current market, which Graham believes may benefit from increasing adoption of automation and advanced POS technologies over the coming years.
With the combined capabilities resulting from the merger, the unified Barcoding and DPSI are well positioned as a solutions-focused integrator capable of supporting advanced deployment, integration, and services across enterprise mobility, IoT/RFID, and POS technologies. Further, Graham believes the added scale and expanded geographic presence across North America should allow the unified business to better support enterprise-level customers across a broad range of industries and solution needs, as well as further bolster its value proposition with OEM partners.
Mike Stewart, Principal at Graham Partners, said “We believe this merger will be transformative for our investment in Barcoding and is underpinned by our continued belief in the value proposition of enterprise mobility integrators supporting trends towards increasing levels of automation and proliferation of traceability technology.” He continued, “We look forward to integrating these two businesses and developing a leading platform in the enterprise mobility industry.”
DPSI is an integrator of enterprise mobility solutions and services focused on providing deployment, integration and support services for essential retail, foodservice, supply chain, healthcare, hospitality, and other verticals utilizing data capture and POS technologies, enabling customers to make better and faster operational and business decisions.
Barcoding is a provider of supply chain optimization and warehouse automation solutions that help organizations be more efficient, accurate, and connected. With extensive subject matter experience in data capture, labeling and printing, and mobile computing, Graham believes that Barcoding is trusted to build and manage solutions for IT and operations teams worldwide. Founded in 1998, Barcoding is headquartered in Baltimore, MD, with offices across North America – Philadelphia, Chicago, Houston, Seattle, Montreal, Toronto, and Vancouver.
FOR FURTHER INFORMATION CONTACT:
Rob Newbold (rnewbold@grahampartners.net)
Mike Stewart (mstewart@grahampartners.net)
Christina Morin (cmorin@grahampartners.net)
Tel: (610) 408-0500
This press release is for informational purposes and is not an offer to sell, or a solicitation of an offer to buy, securities in the United States or elsewhere. Graham Partners is not utilizing this release to provide investment or other advice, and no information disclosed therein is to be relied upon for the purpose of making investment decisions. Past performance does not guarantee future results and any transactions described are included as representative transactions and are not necessarily reflective of overall performance. It should not be assumed that any investment described herein was or will be profitable. There can be no assurance that historical trends will continue. Graham Partners' market characterization is based on subjective determinations that it believes reasonable but others may disagree with such characterization. There is no guarantee that Graham Partners' initiatives will drive value for its investments or accelerate growth or lead Graham Partners' investments to become profitable.