Keystone Capital, Inc. (“Keystone”) is pleased to announce that its affiliate, PEAK Technologies, Inc. (“PEAK”), has completed the acquisition of Ryzex, a leading mobile technology solutions company providing advice, uptime, and insight on improving productivity to thousands of enterprise customers. Ryzex, based in Bellingham, WA, has been in business for over 20 years and is one of the largest integrators in the Auto ID industry with over 200 employees, more than 2,000 customers, and a geographic footprint that spans the United States, Canada, and Europe.
“The union of PEAK and Ryzex will combine the scope, scale, and capabilities of two of the industry’s leading integrators into one platform that will provide customers with an unparalleled level of geographic coverage, and an expanded portfolio of solutions and services,” said Ross Young, CEO of PEAK Technologies.
By acquiring Ryzex, PEAK Technologies greatly expands its geographic reach and gains additional capabilities in areas such as mobility managed services, advanced mobile technology support services, and other innovative mobile device offerings. For Ryzex, PEAK’s coverage footprint throughout North America also greatly expands Ryzex’s geographic reach and provides additional capabilities including SAP supply chain integration, onsite break/fix repair services, advanced printer/media offerings, and additional resources focused on WLAN security, management, and professional services.
“Adding Ryzex into the PEAK Technologies portfolio further strengthens our commitment to our customers and business partners. Our combined platform will provide an infrastructure of technical resources, project delivery capabilities, and ongoing mobile/printer device life cycle support services that is unmatched in this industry. Our new platform will help customer’s reduce the risk associated with large-scale project deployments and provide the advice, insight, and support to ensure our customers reach their desired business objectives,” added Young.
Rud Browne, the Founder of Ryzex added, “The focus for Ryzex over the past several years has been on providing leading edge mobile technology deployment and support services for supply chain and field-based operations in North America and Europe. During this period, we had been approached by several prospective partners who wanted to help us build on the value Ryzex had been bringing to the market. The opportunity to partner with PEAK proved to be the most compelling. In addition to providing additional growth capital for the business, PEAK also brought an outstanding and highly complementary infrastructure that had surprisingly little overlap to Ryzex’s already extensive technical expertise and geographic coverage.”
Terms of the transaction are not being disclosed. Senior debt financing was provided by The Private Bank, and legal counsel was provided to Keystone by Kirkland & Ellis LLP.
About PEAK Technologies
PEAK Technologies is a systems integrator of supply chain automation, inventory management and mobility solutions delivering tangible return on investment to some of the world’s largest corporations. PEAK’s primary applications include solutions for warehousing, manufacturing, distribution, and field-based operations. PEAK’s portfolio of solutions and services include business process consulting, SAP supply chain and mobility systems integration, mobile technology professional services, printing/media solutions, and life-cycle support services. PEAK Technologies has locations throughout North America providing a comprehensive “foot print” for national, multi-site life cycle service and support. For more information, visit www.peaktech.com.
Ryzex is the leading expert in deploying and managing enterprise wide mobility solutions both locally and globally. Ryzex advises on and implements world-class solutions utilizing over 20 years of proven best practices, ensures the solution is always up and running for maximum operational uptime, and provides insight so investments continue to perform better. Offerings include mobile worker applications, rugged hardware, device communications, automated data collection with barcode and RFID, networking support, and complete managed services. Ryzex is headquartered in the United States and has offices across Europe and Canada. To date, Ryzex has helped over one million users of mission critical mobile technology across a broad set of markets to get the most from their investment. For more information, visit www.ryzex.com.
Jason Van Zant