Three transactions more than doubling the size of the company since its acquisition in August 2021
DALLAS, January 05, 2022–(BUSINESS WIRE)–Sole Source Capital LLC, an industry-focused private equity firm, today announced that its holding company, ID Images (“IDI”), a leading provider of ID solutions products, made three major acquisitions in the past five months. IDI’s acquisitions of Digital Printing Concepts, Multi-Action Communications, and Valley Forge Tape & Label Company have more than doubled the company’s size and expanded its reach to several new markets in the United States and Canada since its inception. became a single-source holding company. in August 2021. Terms of the transactions were not disclosed.
IDI manufactures high quality, durable, graphic labels that meet a wide range of product identification needs for a variety of end markets. Digital Printing Concepts, founded in 2003 and based in East Providence, RI, is a manufacturer of durable, custom variable data labels that are used in warehouse logistics. Based in Quebec, Canada, Multi-Action Communications is a manufacturer of logistics, grocery, track and trace, and premium labels for customers across Canada and the United States. The company was founded in 1993 and operates from three manufacturing plants across Canada. Based in Exton, Pennsylvania and founded in 1962, Valley Forge Tape & Label Company is a long-standing, full-service manufacturer of custom printed self-adhesive labels for the food and beverage, healthcare, and produce industries. of consumption.
IDI now has 14 manufacturing and distribution locations in the United States and Canada, including its headquarters in Brunswick, OH. The combined activities will generate significant technological and operational synergies and provide better cross-selling opportunities to a wider range of customers. Digital Printing Concepts will expand IDI’s custom track and trace label product line, Multi-Action will further expand IDI’s food and beverage customer base and add three Canadian facilities, and Valley Forge will further enhance IDI’s custom self-adhesive label printing capabilities.
“Sole Source Capital and IDI are delighted to partner with Digital Printing Concepts, Multi-Action Communications and Valley Forge Tape & Label,” said David Fredston, Founder and CEO of Sole Source Capital. “All three companies have a strong heritage within the label industry, and we are pleased with the growth we have achieved in a few months.”
“We are confident that Sole Source Capital’s M&A and operations expertise, combined with IDI’s skilled operators, will propel Digital Printing Concepts, Multi-Action Communications and Valley Forge to new heights,” said said Scott Sussman, partner and CIO of Sole Source Capital. “Sole Source Capital is excited to continue to seek out new label partnerships as we grow the IDI platform.”
“We are honored to continue the exceptional service, value, quality and expertise of Digital Printing Concepts, Multi-Action Communications and Valley Forge Tape & Label, and to share the same high level of commitment to our employees, customers and suppliers now combined,” added Jeff Fielkow, CEO of ID Images. “We are able to serve our customers from 14 production sites and can offer a wider range of decorative, industrial and grocery labeling solutions, which will add substantial value to our combined customer base.”
About Single Source Capital
Founded in 2016 by David Fredston, Sole Source Capital is a private equity firm that invests thematically in fragmented and high-growth industry sub-sectors. Sole Source seeks founder-owned or spin-off companies that will benefit from the team’s operating and M&A capabilities. The company has a strong operating heritage that allows it to execute a buy and build strategy with significant downside protection. The company is headquartered in Dallas, Texas, with an additional office in Santa Monica, California. For more information, please visit www.solesourcecapital.com or contact [email protected]
About Identity Images
ID Images, a leading manufacturer of converted labeling products, specializes in providing labeling solutions ranging from supply chain management to brand protection. The company serves a variety of end markets, including transportation and logistics, food and beverage, consumer durables and healthcare, and has facilities in Ohio, Massachusetts, Oregon, California , Arkansas and Tennessee. For more information, please visit www.idimages.com.
About multi-action communications
Multi-Action Communications is a manufacturer of labels designed for the grocery, logistics and industrial end markets. The company was established in 1993 and operates from three facilities in Quebec, Vancouver and Toronto. For more information, please visit www.multiaction.ca.
About digital printing concepts
Digital Printing Concepts manufactures durable barcode labels designed to withstand harsh environments. With over 25 years of experience in the barcode industry, the company provides unique solutions for difficult labeling needs in commercial and industrial applications. The company was founded in 2003 and is based in East Providence, RI. For more information, please visit www.dpcbarcode.com.
About Valley Forge Tape & Label Company
Founded in 1962 and based in Exton, Pennsylvania, Valley Forge Tape & Label is a labeling solutions provider for the food and beverage, healthcare, consumer and retail end markets. It is a full-service label maker, electronic prepress and custom design. For more information, please visit www.vftl.com.
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