M&A Deal Summary

Brightpoint Acquires Touchstone Wireless

On December 13, 2010, Brightpoint acquired communications company Touchstone Wireless from Striker Partners for 80M USD

Acquisition Highlights
  • This is Brightpoint’s 1st transaction in the Communications sector.
  • This is Brightpoint’s largest (disclosed) transaction.
  • This is Brightpoint’s 1st transaction in the United States.
  • This is Brightpoint’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2010-12-13
Target Touchstone Wireless
Sector Communications
Buyer(s) Brightpoint
Sellers(s) Striker Partners
Deal Type Add-on Acquisition
Deal Value 80M USD

Target

Touchstone Wireless

Hatfield, Pennsylvania, United States
website
Striker, in partnership with the founders and existing management teams, executed an equity recapitalization of Eastern Wireless, Inc. and Image 1 Wireless, Inc. in August 2004 and August 2005, respectively. The recapitalizations were designed to create liquidity for the founders, better position the combined businesses for accelerated growth, and to capitalize on strategic opportunities. Working from four U.S. locations, Touchstone provides reverse logistics, repair and asset management services for wireless handsets. Touchstone's technical certifications and focus on the highest quality and most efficient service have allowed it to develop a strong and growing base of national and international customers, including some of the largest wireless service providers and electronic equipment insurance firms.

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Buyer(S) 1

Buyer

Brightpoint

Indianapolis, Indiana, United States

website

Category Company
Founded 1989
Sector Distribution
Employees4,008
Revenue 5.2B USD (2010)
DESCRIPTION

BrightPoint provides a suite of end-to-end supply chain and customization solutions to manufacturers, retailers and carriers in the wireless device industry.

DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2010) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Striker Partners

Wayne, Pennsylvania, United States

website

Category Family Office
Founded 1998
Size Small
Type Sector Agnostic
DESCRIPTION

Striker Partners is a privately held, family backed investment firm that makes control equity investments in growth businesses with less than $30 million in revenue. Striker primarily seeks niche-manufacturing and business service companies, but will consider investments in most industries. Striker looks to commit $5 to $15 million of equity per transaction in companies with $1 to $5 million of EBITDA. Striker's geographic coverage spans the US with a preference for businesses located in the Eastern US. Striker is an investment affiliate of the privately held Graham Group, a family-based global industrial and investment concern. Striker Partners was formed in 1998 and is based in Wayne, Pennsylvania.

DEAL STATS #
Overall 4 of 8
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 4 of 6
State (Pennsylvania) 1 of 2
Country (United States) 4 of 8
Year (2010) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-02 Surgent

Radnor, Pennsylvania, United States

Surgent provides continuing professional education and exam preparation courses to the accounting, finance and healthcare sectors. Surgent’s services help exam takers become credentialed and satisfy required credit hours and remain informed on the latest trends in their industries thereafter. Surgent was founded in 1985 and is based in Radnor, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-01 Professional Credential Services

Nashville, Tennessee, United States

Professional Credential Services, Inc. is a specialized service provider for examination development, examination administration, licensing and certification services to state and national organizations responsible for the regulation and management of occupations and professions. Professional Credential Services was founded in 1998 and is based in Nashville, Tennessee.

Buy -
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