CrowdOut Capital Acquires Sourceability, a Leading Global Distributor of Electronic Components
AUSTIN, Texas, Jan. 10, 2023 /PRNewswire/ -- CrowdOut Capital LLC ("CrowdOut"), an Austin-based investment firm, announced today that CO Long Term Equity Fund I LP ("COLT"), and affiliates partnered with senior leadership to acquire Sourceability (the "Company"), a global distributor of electronic components offering digital tools, services and data, from Zollner Elektronik AG ("Zollner").
- Sourceability was named as the "Outstanding Supply Chain Service Provider" in the 2022 ASPENCORE Global Electronic Component Distributor Awards for its outstanding performance and positive contributions to the electronics industry.
- Sourceability has developed its own proprietary e-commerce marketplace, Sourcengineā¢, that provides professional buyers and engineers with access to an extensive range of parts with global logistics support.
- We are excited for this partnership with CrowdOut to accelerate our trajectory," said Jens Gamperl, Founder & CEO of Sourceability.
- CrowdOut was represented by Norton Rose Fulbright LP, BDO USA, LLC and their global affiliates.