DecisionPoint Systems, a retail in-store solutions and services provider focused on point-of-sale systems, will merge with an affiliate of Barcoding Holdings, a portfolio company of Pennsylvania-based private equity firm Graham Partners, in a $78.5m all-cash transaction.
Under the terms of the deal, which is expected to close in July, DecisionPoint stockholders will receive $10.22 per share in cash, representing an approximate 27% premium over the closing price of $8.05 on 30 April 2024, and a year-to-date return of 63% over the $6.26 per share price on the last trading day of 2023.
In a press statement, Steve Smith, CEO of DecisionPoint, described the decision as “a capstone for our public shareholders”.
Mike Stewart, Principal of Graham Partners, added that the merger would “enhance the value proposition for customers, adding service offerings across a customer’s device life cycle and establishing a national footprint”, creating “an integrator of scale in supply chain automation”.
