Peak-Ryzex Inc, which is backed by Keystone Capital, has acquired M-Netics. No financial terms were disclosed. UK-based M-Netics is an enterprise mobility solutions provider. The PrivateBank provided the senior debt financing for the transaction.
Peak-Ryzex, Inc, a portfolio company of Keystone Capital, is pleased to announce the completion of its acquisition of M-Netics.
M-Netics is an end-to-end enterprise mobility solutions provider and developer of the industry leading IM2 enterprise mobility software suite. M-Netics solutions cover retail omni-channel (in-store and back office), supply chain, mobile worker and proof of delivery requirements. Customers include leading logistics providers, manufacturers, retailers and field service organizations. Please visit www.mnetics.co.uk for more information.
Peak-Ryzex provides end-to-end enterprise mobility, managed services, printing and mobile data capture solutions for performance-driven organizations focused on the optimization of supply chain and field-based business processes. Peak-Ryzex’s in-depth industry-specific experience, state-of-the-art solutions and managed services, and exemplary customer support provide transformational business solutions and results that deliver greater ROI and outstanding value. Peak-Ryzex serves as a trusted business partner for some of the world’s largest companies, while also supporting local and regional customers with an extensive coverage footprint throughout North America and Europe. For more information on Peak-Ryzex, visit www.peak-ryzex.com.
“The acquisition of M-Netics is aligned with our strategy to continue offering customers the most complete end-to-end enterprise mobility solutions portfolio in the industry,” said Ross Young, CEO of Peak-Ryzex. “M-Netics will bring complementary products, partnerships and services to our portfolio while allowing us to expand our capabilities into mobile software application development and strengthens our offerings in specific verticals such as retail,” added Young.
Together, Peak-Ryzex and M-Netics will provide the full lifecycle services to plan, procure, provision, activate, manage and support commercial and rugged mobile devices, carrier services, and mobile software applications while delivering business data and insights to improve operational efficiencies and increase employee productivity – whether it be in the supply chain, out in the field workforce or on the retail floor. “After carefully considering all of our options for accelerating the growth of M-Netics, I am extremely excited for us to join forces with Peak-Ryzex and be part of one of the largest, most dynamic international mobile solutions providers in the market today,” said Tim Hamilton-Davies, founder and CEO of M-Netics. “The combination with Peak-Ryzex provides our business with additional scale and immediate access to supplementary resources in the UK and North America to offer our customers enhanced levels of value, support and service,” added Hamilton-Davies.
Terms of the transaction are not being disclosed. Senior debt financing was provided by The PrivateBank, and legal counsel was provided to Keystone by Kirkland & Ellis LLP.