CINCINNATI, OH – RKCA, Inc. (“RKCA”), a leading, independent, middle-market investment bank, is pleased to CINCINNATI, OH – RKCA, Inc. (“RKCA”), a leading, independent, middle-market investment bank, is pleased to announce the successful sale of Label Traxx (Tailored Solutions, Inc.), Batched (Batched, LLC), and Siteline (My Siteline, LLC), (together “the Companies”) to Amtech (Amtech Software LLC), an enterprise software solutions provider for the corrugated manufacturing and folding carton industry. Amtech is a portfolio company of Peak Rock Capital and is based in Fort Washington, Pennsylvania. The transaction closed in March 2024. the successful sale of Ascent Technologies Inc., (“Ascent”), an AI-driven software platform for regulatory compliance.
Label Traxx was founded in 1993 in Milwaukee, Wisconsin originally designed as an order management application for narrow web flexo and digital label printers. Label Trasx is now the leading MIS/ERP solution for the labels & flexible packaging segments, establishing itself as an industry leader over 30 years of growth.
Batched was founded in 2020 in Cincinnati, Ohio. Batched is an advanced planning and scheduling solution. By connecting to a customer’s Label Traxx data, Batched allows them to automate and optimize the manufacturing process.
Siteline was founded in 2019 in San Francisco, California. Siteline allows customers to scale their front office staff via software. These modules streamline ordering for customers, allowing them a full view on the process. Siteline for Label Traxx also allows for easy re-ordering, and enables artwork approval.
The teams partnered in 2016 around a common client to build and deliver integrated technologies surrounding Label Traxx’s industry leading ERP software. RKCA engaged with all three companies starting in 2019 to help them work through how best to optimize each business for the exit they desired in the 2023/2024 timeframe. Working with RKCA, the ownership teams more formally aligned in 2021. They recognized the industry’s need for a combined technology package, the efficiencies that could be gained by working as a unified team, and the opportunity each business had for value improvement by being sold together rather than separately. The Companies underwent a Synthetic Cashless Merger(1) and some operational integrations as a means to realize this vision.
“It has been our pleasure to support all three organizations prior to and across the entire transaction. We are very excited for the team as they partner with Amtech and continue to grow the brand and their solutions globally,” said Brent Rippe, Managing Partner at RKCA Investment Banking. “Working with the Companies for years prior to the transaction allowed us to get a deeper understanding of the intricacies inside each company, work with them to align their interests, and spend time on how to best position the three Companies as one. Putting in that work on the front-end with the Synthetic Cashless Merger allowed us to achieve an outsized outcome that we could not have envisioned had we sold all three companies individually. Their partnership with Amtech will be the next step in this plan. We are very excited to see how they grow from here.”
The Companies were acquired by Amtech, a worldwide provider of software and hardware solutions for the corrugated manufacturing industry. Amtech was founded in 1981 by Cosmo DeNicola with a focus on assisting manufacturers in the corrugated space. Now headed by Chuck Schneider, Amtech still helps customers achieve operational excellence in key business areas such as plant management, production planning, supply chain, sales, and customer service. Amtech was acquired by Peak Rock in August of 2021.
“RKCA provided us a long-term, consultative approach to the process of bringing three companies together and preparing us for the sale process,” said Ken Meinhardt, an owner of Label Traxx. “They were our trusted advisors, sometimes therapists, and true partners which resulted in the right sale, to the right partner, at the right time.”
RKCA was retained as the Companies’ exclusive M&A advisor and provided pre-transaction advisory services. The transaction was led by Brent Rippe, Managing Partner; and Justin Hollon, Senior Analyst.
(1): A Synthetic Cashless Merger refers to an agreement in which companies are not legally merged but come together to pursue an outcome in an M&A transaction.
About Tailored Solutions, Inc., Batched, LLC, and My Siteline, LLC
A trio of globally recognized, proven software solutions for the label-printing and converting industry, Batched and Siteline are Label Traxx partners, furthering the modules available under the Label Traxx software.
Label Traxx is the leading MIS/ERP solution for the labels & flexible packaging segments of the printing industry. Batched is an advance planning and scheduling extension allowing Label Traxx customers to schedule orders on the best machines at the right times. Siteline for Label Traxx streamlines ordering for customers, giving them full visibility to the process, allowing for easy re-ordering, and enabling artwork approval.
