Barcoding acquired by Decisionpoint Systems (DPSI)

UNITED STATES Software / Supply Chain & Ops EV $50–150M

Context

Barcoding, Inc., a portfolio company of Graham Partners, completed its merger with DecisionPoint Systems, Inc. on July 5, 2024, following the signing of a definitive agreement earlier in the year. The transaction brings together two complementary enterprise mobility and data capture solution providers under a newly formed holding structure, DecisionPoint Technologies, creating a scaled platform in the North American market. The industrial logic underpinning the transaction is driven by strong strategic adjacency between the two businesses. Barcoding’s expertise in supply chain automation and warehouse optimization is highly complementary to DecisionPoint’s capabilities in POS systems and enterprise mobility deployment. The combination enables the unified entity to offer a broader, end-to-end suite of solutions spanning IoT/RFID, mobile computing, and retail transaction technologies. This enhanced offering strengthens its positioning as a full-service integrator capable of addressing increasingly complex enterprise requirements.

Barcoding, which reported an EBITDA margin of [members only] in 2024, is valued in this transaction at an EV/EBITDA multiple of 10x–18x, standing directly in line with the average observed in the TMT (Tech, Media, Telecom) sector (16.1x in 2024).

-> Deep-dive in TMT (Tech, Media, Telecom) market trends

Target

Barcoding, Inc. is a leading provider of supply chain optimization and warehouse automation solutions designed to enhance organizational efficiency, accuracy, and connectivity. Headquartered in Baltimore, Maryland, the company specializes in a comprehensive range of data capture technologies, labels and printing, mobile computing, and warehouse connectivity. Its core technical offering is the enterprise platform IntelliTrack®, which serves as a centralized hub for asset management and inventory visibility. Barcoding’s business model focuses on delivering tailored, high-assurance automation solutions for complex supply chain challenges in industries such as manufacturing, distribution, retail, and transportation. By leveraging deep subject matter expertise, the firm assists organizations in transitioning from manual processes to digitized, real-time operational workflows. The company’s value proposition is built on its ability to integrate hardware, software, and managed services into a seamless ecosystem, acting as a mission-critical technical partner for global logistics and IT teams.

Ent. Value

$50–150M

Equity Value

[members only]

Multiples

EV / Revenue

below 1.5x

EV / EBITDA

10x–18x

EV / EBIT

[members only]

Historical Financials (USD)

Year

Rev

EBITDA

EBIT

2024

2023

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REFERENCES

Valuation range: EV $50–150M

Revenue range: $100–200M

EBITDA range: $5–25M

EV/Revenue range: below 1.5x

EV/EBITDA range: 10x - 18x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Barcoding by Decisionpoint Systems (DPSI) are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Acquirer: decisionpoint systems (dpsi)

FAQ

What transaction does this page cover?

This page covers Decisionpoint Systems’s acquisition of 100% of Barcoding, an American company specialised in Supply Chain & Ops, in 2024.

How was the acquisition of Barcoding by Decisionpoint Systems valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the $50–150M band, its EV/EBITDA multiple within the 10x - 18x range, and its EV/revenue multiple within the below 1.5x range. Exact figures are available to members.

What were Barcoding’s revenue and EBITDA at the time of the deal?

At the time of the transaction, Barcoding generated annual revenue estimated in the $100–200M range and EBITDA in the $5–25M bracket (FY 2024). Detailed financial figures are available to members.

How does the valuation of Barcoding compare to benchmarks in the TMT (Tech, Media, Telecom) sector?

With an estimated multiple range of 10x - 18x, the transaction stands directly in line with historical averages for the TMT (Tech, Media, Telecom) sector (16.1x in 2024).

What sources support the information on this transaction?

Information on this transaction is sourced from the official corporate announcement published by the parties, corroborated by a private document shared by the community and verified by the mynth team to ensure the accuracy of the shared information.

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