Brightpoint Inks Deal for Touchstone Wireless

Brightpoint Inc. has agreed to buy Touchstone Wireless Repair and Logistics, a portfolio company of Striker Partners. Hatfield, Pa.-based Touchstone provides  repair, remanufacture, and reverse logistics services for wireless products. Striker, of Newtown Square, Pa., is a PE firm. News of the deal was announced by Harris Williams, a middle market IB, which advised Touchstone.

PRESS RELEASE

Harris Williams & Co. announces that Touchstone Wireless Repair and Logistics, LP (Touchstone), a portfolio company of Striker Partners (Striker), has entered into an agreement to be acquired by Brightpoint, Inc. (Nasdaq:CELL).  The transaction is being executed by Harris Williams & Co. and 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.

Harris Williams & Co. (www.harriswilliams.com), a member of The PNC Financial Services Group, Inc. (NYSE:PNC), is the premier middle market advisor with a two decade legacy of sell side excellence serving clients worldwide. The firm is focused exclusively on the middle market providing sell side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services. The firm’s TTDM team focuses on software, IT services, communications and digital media. For more information on Harris Williams & Co.’s efforts in TTDM, contact Jeff Bistrong at +1 (617) 654-2102 or Thierry Monjauze at +44 203 170 8838.

Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, an Appointed Representative of Sturgeon Ventures LLP, which is authorized and regulated by the Financial Services Authority.  Harris Williams & Co. is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business in the U.S. and Europe, respectively.