Sound Point Capital Management, LP (“Sound Point”) is pleased to announce that it acted as Administrative Agent on a first lien senior secured credit facility to Barcoding, Inc. (the “Company”). The financing was used to support the acquisition of the Company by Graham Partners, Inc. (“Graham” or “Graham Partners”).
Founded in 1998 and headquartered in Baltimore, Maryland, Barcoding is a value-added reseller (“VAR”) and integrator of automatic identification & data capture (“AIDC”) technology, serving a diversified customer base. The Company offers a proprietary asset-tracking software and suite of in-house managed services coupled with extensive hardware componentry. In Graham’s view, Barcoding plays a critical role in the automation landscape – partnering with AIDC original equipment manufacturers (“OEMs”) to facilitate the utilization of AIDC equipment and software and enable end customers to automate and digitize their supply chain infrastructure.
“There is an identifiable need for automation and data capture solutions that can improve productivity and traceability, and lower tracking costs. We are excited to partner with the Barcoding team to help support the company’s growth and leverage our operational experience to drive value creation,” said Mike Stewart, Principal at Graham Partners.
“We believe Barcoding has a long track record of working closely with its customers to implement automation and data management solutions in an effort to solve increasingly complex supply chain challenges with innovation, reliability, and excellence. We are pleased to back what we view as an industry leader and look forward to supporting Graham and Barcoding throughout the Company’s next chapter,” added Spenser Samms, Director of Sound Point Capital’s Direct Lending business.
About Sound Point Capital
Sound Point is an alternative asset management firm founded in 2008 with particular expertise in credit strategies. Based in New York, with offices in London, Florida and Connecticut, the firm manages money on behalf of institutional investors including top-tier pensions, foundations, insurance companies, wealth management firms and family offices. Sound Point’s strategies span the spectrum of liquid and illiquid credit alternatives and include funds and managed accounts focused on leveraged loans, special situations, distressed debt, structured credit, direct lending and commercial real estate. Sound Point currently manages approximately $46.7 billion of assets. Five principals of Stone Point Capital LLC, as well as Dyal Capital Partners, a division of Blue Owl Capital Inc. [NYSE: OWL], and Assured Guaranty U.S. Holdings Inc., are strategic investors in our business. For more information, please visit Sound Point’s website at www.soundpointcap.com
About Barcoding
Barcoding is a supply chain automation and innovation company that helps organizations be more efficient, accurate, and connected. With extensive subject matter experience in data capture, labeling and printing, and mobile computing, we believe that Barcoding is trusted to build and manage solutions for IT and operations teams worldwide. Founded in 1998, Barcoding is headquartered in Baltimore, MD, with offices across North America – Philadelphia, Chicago, Houston, Seattle, Montreal, Toronto, and Vancouver.
About Graham Partners
Graham Partners is a private investment firm focused on investing in technology-driven companies that are spurring innovation in advanced manufacturing, resulting in product substitutions, raw materials conversions and disruptions to traditional end markets. Based in suburban Philadelphia and investing primarily across North America, the firm has access to extensive operating resources and industrial expertise and is a member of The Graham Group.
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