Consolidation in the supply chain sector is being driven by buyers eyeing businesses that can help solve the issues. In the middle market, companies need technology to help manage them their logistic services more efficiently amid massive labor shortages. And those businesses are attracting middle-market PE investors such as Peak Rock Capital.
On Tuesday, Peak Rock said it bought Mojix. Los Angeles-based Mojix, founded in 2004, helps businesses manage their inventory and assets through data and analytics so they can improve operational efficiency, order fulfillment and inventory accuracy. The target works with companies across the food and beverage, manufacturing, industrials, aerospace and defense and retail sectors.
Businesses have been gradually adding various technology products to their operation processes to fulfill more orders quickly and accurately. The combination of e-commerce sales soaring from the pandemic and labor shortages has created problems across the board in logistics.
“Our investment in Mojix will provide significant growth capital to accelerate the Company’s product roadmap and pursue organic growth and strategic acquisitions,” mentions Peak Rock managing director Pete Leibman.
There are technologies that can help solve supply chain problems, and PE firms want to invest in them.
– Demitri Diakantonis
