Sole Source Capital LLC announced that its portfolio company, Supply Chain Services acquired Dasco Label. Terms of the transaction were not disclosed.
Headquartered in Blaine, Minnesota, Dasco has served customers across the manufacturing, healthcare, laboratory, retail, and warehouse/distribution industries for more than 60 years. Dasco specializes in manufacturing and product ID labeling, wire and cable identification, and hospital lab identification as well as UL/CSA approved labeling material and circuit board and rating plate labels. Dasco is also a distributor for many large national brand products including industrial labels, thermal printers, barcode scanners, label dispensers, and label software.
Supply Chain Services, which was acquired by Sole Source Capital in May 2020, delivers innovative automated data collection solutions to nearly 2,000 customers, providing critical technology that allows businesses to become more efficient and responsive. Through this acquisition of Dasco, the Company expands it product offerings, providing its customers with an enhanced range of technology and customized solutions.
"Dasco is a valuable addition to Supply Chain Services' product and service portfolio and we are pleased to welcome them to the Sole Source Capital family," said David Fredston, Managing Partner of Sole Source Capital. "Strategic growth is a core component of our investment strategy for the Company and Dasco adds attractive complementary product lines, further bolstering its impressive asset base. Leveraging our team's strong sourcing capabilities, we have been able to continue to carry out our recession resistant investment strategy to drive growth across our portfolio, despite a difficult and dislocated market, and the addition of Dasco to Supply Chain Services is a testament to the hard work of our team."