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BlackArch Partners Advises Barcodes Group in Sale to Odyssey Investment Partners

Charlotte, North Carolina (January 30, 2018) - BlackArch Partners ("BlackArch") is pleased to announce the sale of Barcodes Group ("Barcodes" or "The Company"), a former portfolio company of Cortec Group, to Odyssey Investment Partners.

Based in Chicago, IL, Barcodes is a leading distributor of automatic identification and data capture (“AIDC”) products and services (e.g., barcode scanners, mobile computers, label printers, point-of-sale systems, and related consumable products, software, and integration services) and identification card and access control (“ID”) products and systems. The Company primarily serves small and medium-sized businesses and select Fortune 500 customers throughout the U.S., Canada, and the U.K. Additional information on Barcodes is available at www.barcodesinc.com.

Odyssey Investment Partners has acquired Barcodes with the expectation of furthering management’s vision for long-term growth. Through an aggressive growth strategy executed during Cortec’s ownership, Barcodes meaningfully expanded its product and service offerings, customer base, and geographic presence, becoming a leader in the AIDC and ID card markets in North America and the U.K. The Company’s differentiated business model, demand aggregation capabilities and technical expertise produced growth well in excess of market rates. The leadership team will remain active and an integral part of the shareholder group during the Company's next phase of growth.

BlackArch leveraged its deep end market and business model knowledge to achieve a superior outcome for management and the shareholders. The transaction continues BlackArch’s strong momentum in tech-enabled business services and distribution sectors. Barcodes is another example of the firm’s focus on providing unique M&A advisory services to market-leading growth businesses.

“We selected BlackArch for their deep sector expertise, longstanding relationship with management and reputation for execution excellence. The team’s attention to detail, hands-on approach and ability to articulate the Barcodes story helped deliver a premium outcome for the Company’s shareholders.  BlackArch exceeded our very high expectations.”

- David Schnadig, Managing Partner of Cortec Group

“This is my second experience working with BlackArch, and they once again exceeded expectations. Their ability to understand our story and share it with new investors proved invaluable. The entire team demonstrated outstanding professionalism, engagement and commitment to our sale process, which helped us provide buyers all the information they needed while significantly limiting the impact of the process on our organization. The BlackArch team managed to exceed the high bar they set for themselves.”

- Dan Nettesheim, Chief Executive Officer of Barcodes


About BlackArch Partners

BlackArch Partners is a leading middle-market investment bank offering a full spectrum of advisory services to financial sponsors, private companies and diversified corporations. BlackArch addresses the needs of owner-operators, founders and shareholders of private companies with specialized services that include M&A advisory, strategic advisory and private capital solutions. Headquartered in Charlotte, North Carolina, BlackArch features a total of 12 industry-focused practices that cover all sectors of interest to middle-market investors; BlackArch professionals have closed more than 350 transactions in 16 countries on 4 continents. For more information, visit www.blackarchpartners.com.


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