Thompson Street Capital Invests in BarcodesInc

Thompson Street Capital Partners (TSCP), a private equity fund based in St. Louis, announced today that it has acquired a majority stake in Barcodes Inc of Chicago. Terms of the transaction were not disclosed. BarcodesInc specializes in barcode, mobile computing and radio-frequency identification (RFID) solutions throughout North America. TSCP is partnering with Barcodes Inc’s current management team and the previous owner, Dixon Midland Company, which will remain active as minority shareholders.

“We are eager to partner with the Thompson Street team to further assess our market strengths and ensure Barcodes Inc’s continued expansion as a leader in data collection services and state-of-the-art technology sales,” said Dan Nettesheim, CEO and co-president of Barcodes Inc.

“Having worked with the principals at Thompson Street in the past, we knew their team would be well suited to help Barcodes Inc continue to grow and prosper,” said Aaron Mobarak, co-president of Dixon Midland Company. “Known for excellence in customer service, Barcodes Inc serves a variety of industries, including health care, manufacturing and retail. We look forward to working with Thompson Street to continue to expand into new industries and specialties.”

This is the sixth acquisition for TSCP in 2010. TSCP, which manages $450 million in private equity funds, invests in a variety of privately held service, manufacturing and distribution companies.

“We are excited to support this management team and to invest alongside Dixon Midland on this tremendous opportunity,” said Neal Berman, managing director of TSCP. “We see great promise for the barcode and RFID industry as companies seek to improve efficiency, productivity and profitability throughout the supply chain process. With Barcodes Inc’s reputation for product knowledge, availability and ongoing support, we are eager to build upon its business relationships and ensure future growth.”