ReverTech Solutions, a portfolio company of Leading Ridge Capital Partners, has acquired substantially all the assets of Test Technology, a provider of electronic repair and reverse logistics services.
Test Technology is a provider of electronic repair and reverse logistics services. Reverse logistics is the process of return or exchange; repair; refurbishment; remarketing; and disposition of products. TestTech serves the telecom, datacom, wireless and consumer electronics sectors. The company is based in Marlton, NJ (www.testtech.com).
ReverTech Solutions is a provider of in and out-of-warranty service parts, depot repair services, and returns management for computers, tablets, projectors, and embedded systems on an exclusive and non-exclusive basis to electronic retail chains, municipalities, OEMs, and warranty companies. The company is headquartered in Wilmington, MA (www.revertech.com).
“The TestTech business adds unique and complimentary capabilities to our existing reverse logistics portfolio of services. We are eager to leverage the strengths of the TestTech team to become a broader, more diversified, reverse logistics company,” said Joseph Bradley, President and CEO of ReverTech Solutions.
Leading Ridge Capital Partners is a private equity firm specializing in acquisitions, recapitalizations, and investments in lower-middle market distribution, logistics, and light manufacturing companies with revenues between $10 million and $100 million. Target companies will have an EBITDA from $1 million to $5 million and will be located, generally, in the Mid-Atlantic region of the US. The firm has offices in Rockville, MD and New York (www.leadingridge.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 7-2-13