Sound Point Capital Management acted as administrative agent on a first lien senior secured credit facility to Barcoding. The financing was used to support the acquisition of the company by Graham Partners.

Founded in 1998 and headquartered in Baltimore, Barcoding is a reseller 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 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,” Mike Stewart, principal at Graham Partners, said.

“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,” Spenser Samms, director of the direct lending business at Sound Point Capital, said.