Blue Raven Technology, a provider of reverse logistics for consumer and commercial electronics products, announced today that substantially all of its operating assets have been acquired by Leading Ridge Capital Partners.
Blue Raven 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 based in Wilmington, MA (www.blueraven.com).
“Blue Raven provides customers with outsourced technical expertise and differentiated services offerings,” says Joseph Bradley, the new President of Blue Raven and an Operating Partner of Leading Ridge Capital. “We are eager to provide Blue Raven customers with a peerless level of quality and service.”
Leading Ridge Capital Partners is a private equity firm specializing in acquisitions, recapitalizations, and investments in lower-middle market distribution, logistics, and 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, NY (www.leadingridge.com).
“We have emerged from the sale process as a well-capitalized organization,” says Glen Kashgegian, Executive Vice President of Blue Raven. “We are excited about joining the Leading Ridge family, and will be more competitive as we further enhance our product and service capabilities with a continued emphasis on quality, speed, and customer service.”