Thompson Street Capital Buys Majority Stake In Barcodes Solutions Concern

St. Louis-based Thompson Street Capital Partners acquired a majority interest in Barcodes Inc., a Chicago company engages in barcode, mobile computing and radio-frequency identification solutions. Financial terms were not disclosed. Thompson Street Capital, which manages $450 million in capital, has made six acquisitions this year.




Thompson Street Capital Partners (TSCP), a private equity fund based in St. Louis, announced today that it has acquired a majority stake in Barcodes Inc of Chicago. Terms of the transaction were not disclosed.  Barcodes Inc specializes in barcode, mobile computing and radio-frequency identification (RFID) solutions throughout North America. TSCP is partnering with Barcodes Inc’s current management team and the previous owner, Dixon Midland Company, which will remain active as minority shareholders. 


“We are eager to partner with the Thompson Street team to further assess our market strengths and ensure Barcodes Inc’s continued expansion as a leader in data collection services and state-of-the-art technology sales,” said Dan Nettesheim, CEO and co-president of Barcodes Inc.


“Having worked with the principals at Thompson Street in the past, we knew their team would be well suited to help Barcodes Inc continue to grow and prosper,” said Aaron Mobarak, co-president of Dixon Midland Company. “Known for excellence in customer service, Barcodes Inc serves a variety of industries, including health care, manufacturing and retail.  We look forward to working with Thompson Street to continue to expand into new industries and specialties.”


This is the sixth acquisition for TSCP in 2010.  TSCP ( <> ), which manages $450 million in private equity funds, invests in a variety of privately held service, manufacturing and distribution companies.


“We are excited to support this management team and to invest alongside Dixon Midland on this tremendous opportunity,” said Neal Berman, managing director of TSCP. “We see great promise for the barcode and RFID industry as companies seek to improve efficiency, productivity and profitability throughout the supply chain process. With Barcodes Inc’s reputation for product knowledge, availability and ongoing support, we are eager to build upon its business relationships and ensure future growth.” 



About Thompson Street Capital Partners ( <> )

Thompson Street Capital Partners has $450 million in capital under management. The private equity firm makes investments in service, manufacturing and distribution businesses. The fund’s philosophy is to partner with management in leveraged acquisitions, recapitalizations, corporate divestitures and going-private transactions. Thompson Street Capital Partners is located in St. Louis, Mo. and was founded in 2000.


About Barcodes Inc: ( <> )

Barcodes Inc is North America’s leading provider of barcode, mobile computing and radio-frequency identification solutions. For more than 15 years, the company has earned the reputation for being dedicated, reliable, and customer-oriented. Barcodes Inc’s product experts have extensive experience in field mobility, inventory and point-of-sale solutions.


About Dixon Midland Company: ( <> )

Dixon Midland Company is a private investment firm that acquires and manages growth-oriented companies. The firm strives to invest in a limited number of businesses so that it can spend substantial amounts of time helping each business grow.