Sole Source Portfolio Company I. D. Images Aquires Digital Printing Concepts, Multi-Action, and Valley Forge Tape & Label

Three Transactions More than Double Size of Company Since Acquisition in August 2021                               

Dallas, TX – Sole Source Capital LLC, an industrial-focused private equity firm, announced today that its portfolio company, I.D. Images (“IDI”), a premier provider of product identification solutions, has made three significant acquisitions over the past five months. IDI’s acquisitions of Digital Printing Concepts, Multi-Action Communications, and Valley Forge Tape & Label Company have more than doubled the size of the company and extended its reach to several new markets across the U.S. and Canada since it became a Sole Source Capital portfolio company in August 2021. Terms of the transactions were not disclosed.

IDI manufactures high-quality durable and graphic intensive labels that address a broad range of product identification needs for a variety of end markets. Digital Printing Concepts, founded in 2003 and based in East Providence, RI, is a manufacturer of custom durable variable data labels that are utilized in warehouse logistics. Headquartered in Quebec, Canada, Multi-Action Communications is a manufacturer of logistics, grocery, track-and-trace, and prime labels to customers throughout Canada and the United States. The company was founded in 1993 and operates out of three manufacturing facilities across Canada. Based in Exton, PA and founded in 1962, Valley Forge Tape & Label Company is a longstanding, full-service manufacturer of custom printed self-adhesive labels for the Food and Beverage, Healthcare, and Consumer Products industries.

IDI now has 14 manufacturing and distribution locations across the U.S. and Canada, including its headquarters in Brunswick, OH. The combined businesses will yield significant technological and operational synergies as well as deliver enhanced cross-selling opportunities to a broader set of clients. Digital Printing Concepts will increase IDI’s custom track-and-trace label product mix, Multi-Action will further increase IDI’s food and beverage customer base and add three Canadian facilities, and Valley Forge will further enhance IDI’s custom-printed pressure sensitive label capabilities.

“Sole Source Capital and IDI are excited to partner with Digital Printing Concepts, Multi-Action Communications and Valley Forge Tape & Label,” said David Fredston, Founder and CEO of Sole Source Capital. “All three companies have a strong heritage within the labels industry, and we are pleased with the growth we’ve achieved in a few short months.”

“We believe that Sole Source Capital’s M&A and operating expertise, alongside IDI’s skilled operators will propel Digital Printing Concepts, Multi-Action Communications and Valley Forge to new heights,” said Scott Sussman, Partner and CIO of Sole Source Capital. “Sole Source Capital is excited to continue seeking out new partnerships in the labels space as we scale the IDI platform.”

“We are honored to continue the outstanding service, value, quality and expertise of Digital Printing Concepts, Multi-Action Communications and Valley Forge Tape & Label, and share the same high level of commitment to our now combined employees, customers and vendors,” added Jeff Fielkow, CEO of I.D. Images. “We are able to serve our customers out of 14 production locations and can offer a broader range of decorative, industrial, and grocery labeling solutions, which will add substantial value to our combined customer base.”

About Sole Source Capital
Founded in 2016 by David Fredston, Sole Source Capital is a private equity firm that thematically invests in fragmented, high-growth industrial subsectors. Sole Source seeks founder-owned businesses or corporate carve-outs that will benefit from the team’s operating and M&A capabilities. The Firm has a strong operating heritage that enables it to execute a buy and build strategy with significant downside protection. The Firm is headquartered in Dallas, Texas with an additional office in Santa Monica, California. For more information, please visit or contact

About I.D. Images
I.D. Images, a leading manufacturer of converted label products, specializes in providing label solutions from supply chain management to brand protection. The company serves a variety of end markets including Transportation and Logistics, Food and Beverage, Consumer Durables and Healthcare and has facilities in Ohio, Massachusetts, Oregon, California, Arkansas, and Tennessee. For more information, please visit

About Multi-Action Communications
Multi-Action Communications is a manufacturer of labels made for the grocery, logistics, and industrial end markets. The Company was established in 1993 and operates out of three facilities in Quebec City, Vancouver, and Toronto. For more information, please visit

About Digital Printing Concepts
Digital Printing Concepts manufactures durable barcode labels made to withstand harsh environments. With over 25 years of experience in the barcode industry, the Company provides unique solutions for difficult labeling needs in both business and industrial applications. The Company was founded in 2003 and is headquartered in East Providence, RI. For more information, please visit

About Valley Forge Tape & Label Company
Founded in 1962 and headquartered in Exton, PA, Valley Forge Tape & Label is a provider of label solutions for the Food & Beverage, Healthcare, Consumer and Distribution end markets. They are a full service, electronic-prepress, custom-design label manufacturer. For more information, please visit