In 2014, Plasco partnered with BV Investment Partners ("BV") to facilitate the expansion and depth of its customer base, drive new product development, augment senior leadership and drive organic growth. Further, management also was intrigued at utilizing M&A as a tool to supplement a robust organic growth plan. The partnership proved to be a model of success on each of these metrics, as well as the non-economic goals of management. BlackArch was retained by Plasco and its financial partner, BV, as its exclusive financial advisor.
BlackArch understood that Plasco is rare in that it serves customers across multiple go-to-market channels from ecommerce, technical sales, direct subscription software to services. The Company has refined and innovated this model over decades, but BlackArch distilled the business into its key components, demonstrated why it is special, and provided great data and information so Plasco and prospective partners were able to make sound strategic decisions.
Barcodes Group, a portfolio company of Odyssey Investment Partners, acquired Plasco. The combination of Plasco and Barcodes represents a natural fit of the two firms’ business models and creates a market leader in automatic identification and data capture, ID and access control solutions to small, medium and enterprise clients. The transaction continues BlackArch’s impressive velocity and momentum of activity in the technology-enabled business services and distribution sectors.