ModusLink Buys Tech for Less

ModusLink Global Solutions Inc. (Nasdaq: MLNK) has acquired Tech for Less LLC from private equity firm Dixon Midland Company. No financial terms were disclosed. TFL is a -based acquiror and reburbisher of consumer electronics and business technology products. It and Dixon Midland were advised on the sale by Livingstone.


Livingstone, the leading middle market international investment banking firm, is pleased to announce the successful sale of Tech for Less LLC (“TFL”) to ModusLink Global Solutions, Inc. (“ModusLink”) (NASDAQ: MLNK), a leader in global supply chain business process management. Livingstone served as the exclusive financial advisor to TFL and Dixon Midland Company, TFL’s Chicago-based private equity investor.

Headquartered in Colorado Springs, Colorado, TFL acquires returned consumer electronics (“CE”) and business technology products from retailers, e-retailers, distributors, and manufacturers. TFL tests, refurbishes, and markets the merchandise directly to consumers via its highly trafficked website ( and other direct channels. “With TFL now part of ModusLink’s supply chain solutions,
TFL customers will continue receiving the high-quality products and service they have come to expect,” said Jason Lockwood, president of TFL. “In addition, we look forward to adding value to ModusLink’s aftermarket solutions by helping major consumer electronics companies maximize asset value recovery on returned and excess products in the supply chain.”

“We’re proud to have advised TFL and Dixon Midland on this private equity exit, and to post another successful sale to a strategic buyer for an important client,” said Livingstone partner Steve Miles. “ModusLink quickly emerged as the best long-term partner for the business, as ModusLink’s acquisition of TFL creates one of the largest players in the fast emerging consumer electronics aftermarket.”

The sale of TFL represents the 21st transaction – and the 12th transaction involving a strategic buyer – closed by Livingstone in 2009, underscoring the firm’s ability to deliver results for clients in challenging market environments.


Livingstone is a leading independent, international investment banking firm focused on M&A and private capital transactions with values between $30 and $300 million. Across three principal offices in the U.S. and Europe, Livingstone’s 50 corporate finance professionals specialize in five key global sectors: Business Services, Consumer, Healthcare, Industrial, and Media & Technology. Livingstone was named 2008 Boutique of the Year at the European Private Equity awards. See