Daida adds Scan-Optics
The deal brings a 55-year-old document processing operation with a 32,000-square-foot secure facility in Connecticut, deepening Daida's density among government and regulated-industry clients in the Northeast.
Takeaways
- Scan-Optics is a provider of intelligent document processing and digital transformation solutions.
- Daida is acquiring Scan-Optics with backing from HiGro Group.
- The target serves regulated industries including state/local government, higher education, financial services, and insurance across Northeast US.
HiGro Group-backed Daida has acquired Scan-Optics, LLC, a Manchester, Connecticut-based provider of intelligent document processing and digital transformation solutions.
Founded in 1968, Scan-Optics operates a 32,000-square-foot secure production facility capable of digitizing up to four million pages daily, serving state and local government, higher education, financial services, and insurance clients.
The bolt-on deepens Daida's presence in the Northeast and adds to its national base of more than 600 government clients.
Scan-Optics holds SOC II, HIPAA, and CJIS certifications, reflecting the compliance infrastructure required by its regulated client base.
"This acquisition deepens HiGro's investment in a sector we believe is entering a sustained period of growth," said Ernest Lyles, Managing Partner of HiGro.
The transaction was funded through a combination of cash on hand and debt financing provided by Lafayette Square LLC.
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