Management buyout for distributor Sourceability
A US investment fund has supported a management buyout of distributor Sourceability from European contract manufacturer Zollner Elektronik AG.
Sourceability is a global distributor of electronic components offering digital tools, services and data. It developed a proprietary e-commerce marketplace called Sourcengine that provides professional buyers and engineers with access to an extensive range of parts with global logistics support.
The deal is backed by a fund run by Crowdout Capital in Austin, Texas, which will provide additional growth capital for the Company and strengthen its balance sheet. The funds come from the family offices of wealthy individuals and the terms of the deal were not disclosed.
“Sourceability has experienced tremendous growth from our inception through our commitment to innovation and digital transformation. We are excited for this partnership with CrowdOut to accelerate our trajectory,” said Jens Gamperl, Founder & CEO of Sourceability. “I would like to thank the Zollner family for their ownership and support over the last 7 years. They have been a great partner.”
“I could not think of a better inaugural investment for our newly launched long-term private equity fund,” said Alexander Schoenbaum, Co-Founder & CEO of CrowdOut. “Sourceability has transformed electronic component distribution and has experienced extraordinary growth. We are thrilled to partner with and support Jens and the management team on the purchase of the Company. The entire Sourceability team continues to push the envelope in the development of software products designed to improve the user experience for their clients.”
The company has global distribution centres in Singapore, Hong Kong and Miami.
“The Zollner family would like to thank Jens and his entire team at Sourceability on building a strong business during a very difficult time in the world economy,” said Manfred Zollner.
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