Harris Williams & Co. Advises Touchstone Wireless Repair and Logistics, LP in its Sale to Strategic Buyer Brightpoint, Inc.
Harris Williams & Co. announces that Touchstone Wireless Repair and Logistics, LP (Touchstone), a portfolio company of Striker Partners (Striker), has been acquired by Brightpoint, Inc. (Nasdaq:CELL). Harris Williams & Co. acted as the exclusive advisor to Touchstone. The transaction was led by Jeff Bistrong, Derek Swaim, Sam Hendler, and Priyanka Naithani from the firm's Technology, Telecom & Digital Media (TTDM) Group in Boston.
Touchstone provides repair, remanufacture, and reverse logistics services for wireless products. Touchstone is the leading handset repair, remanufacture, and logistics provider in North America, known for meeting the highest possible standards in the industry and for its extensive internal/external IT systems. Touchstone's innovative IT solutions enable customers to track and manage their inventories in real time, which improves efficiency and lowers total costs. The company is headquartered in Hatfield, PA.
Striker is a privately held investment firm formed to make control equity investments in profitable growth businesses. Striker partners with experienced company owners and operators to provide the capital and strategic resources necessary to help capitalize on growth opportunities. Striker focuses on investments that support a platform strategy where growth can be accelerated through strategic acquisitions.
Brightpoint is a global leader in providing supply chain solutions to leading stakeholders in the wireless industry. In 2009, Brightpoint handled approximately 84 million wireless devices globally. Brightpoint's innovative services include distribution channel management, procurement, inventory management, software loading, kitting and customized packaging, fulfillment, product customization, eBusiness solutions, and other outsourced services that integrate seamlessly with its customers. Brightpoint's effective and efficient platform allows its customers to benefit from quickly deployed, flexible, and cost effective solutions. The company has approximately 2,700 employees in more than 25 countries. In 2009, Brightpoint generated revenue of $3.2 billion. Brightpoint provides distribution and customized services to more than 25,000 B2B customers worldwide.