Sole Source Capital, a private equity firm focused on industrial investments, has announced that its portfolio company, Peak Technologies, has acquired Automation Intelligence. This acquisition is Peak Technologies’ 18th since being purchased by Sole Source Capital in 2021. The move enhances Peak Technologies’ offerings in robotics and machine vision, further strengthening its digital supply chain solutions.
Founded in 2016 and based in Flint, Michigan, Automation Intelligence specializes in designing and implementing advanced robotics and machine vision systems, primarily for the manufacturing industry. The company offers a wide range of services, including automated bin picking, 3D vision-guided robotics, inspection, automated assembly, material handling, palletizing, depalletizing, and robotic arm configurations for assembly lines. The current management team at Automation Intelligence will continue in their roles after the acquisition.
Tony Rivers, CEO of Peak Technologies, highlighted the importance of this acquisition, saying, “The integration of Automation Intelligence into our portfolio marks a significant step in our commitment to delivering comprehensive automation solutions. Their expertise in robotics and machine vision strengthens our current Smart Technologies offerings and enhances our capabilities in AI-driven analytics, RFID, and advanced vision systems. This will allow us to provide even more advanced solutions that improve efficiency, reduce costs, and respond faster to customer needs.”
Jeff McGarry, Managing Partner of Automation Intelligence, added, “Joining Peak Technologies gives us the opportunity to apply our automation and robotics expertise to new markets. Together, we can further develop AI, machine vision, RFID, and robotics to solve complex operational challenges and bring greater value to our customers.”
