LOS ANGELES (December 23, 2005) – Platinum Equity announced today that it has completed the acquisition of PEAK Technologies, an international provider of automated identification and data collection (AIDC) systems and enterprise mobility solutions, from R. R. Donnelley & Sons Company. The transaction was announced on October 21, 2005.
PEAK Technologies, based in Columbia, MD, designs and implements data collection and printing solutions for warehousing, manufacturing, distribution and field-based operations. From printing and bar code data collection products to complete turnkey systems, the company provides customers with one source for hardware and software purchases, system design and implementation, training, testing, documentation, and technical support and maintenance. Over the past 20 years, the company has established a substantial multi-national presence serving more than 20,000 customers in North America and Europe.
With the acquisition now completed, Platinum executives and PEAK management will collaboratively work through an operational transition process and development of the company’s go-forward business plan. That strategy will likely focus and capitalize on PEAK’s strong service infrastructure as one of the key building blocks for future success.
“Customers are always our first priority, and maintaining service excellence will be key to protecting one of PEAK’s strengths – its strong, loyal customer base,” said Rob Joubran, chief operating officer and treasurer for Platinum Equity. “Our goal is to work closely with the management team, establish a strong, profitable company and move aggressively to create new energy and enhanced enterprise value for PEAK, its customers and partners.”
PEAK Technologies features one of the largest independent maintenance organizations in the industry with 300 factory-trained and certified customer engineers. The company’s field-based maintenance organization repairs laser, matrix and thermal printers as well as forms handling and pressure seal equipment. PEAK also maintains a national depot center specializing in bar code and AIDC product repairs.
About Platinum Equity
Platinum Equity (www.platinumequity.com) is a global M&A&O® firm specialized in the merger, acquisition and operation of companies that provide services and solutions to customers in a broad range of business markets, including information technology, software, telecommunications, logistics, manufacturing, and entertainment distribution. Since its founding in 1995 by entrepreneur Tom Gores, Platinum has built a multi-billion-dollar portfolio of operating companies with 40,000 employees and 600,000 customer sites throughout the world. Platinum was also recently named the 18th largest private company in the United States by Forbes magazine.
About PEAK Technologies
PEAK Technologies (www.peaktech.com) is an international provider of automated identification and data collection (AIDC) systems, enterprise mobility solutions and ongoing service and support. PEAK’s primary applications include solutions for warehousing, manufacturing, distribution and field-based operations. Headquartered in Columbia, Maryland, PEAK Technologies has locations throughout North America and Europe providing a comprehensive “foot print” for multi-national service and support.