ReverTech Solutions, which is backed by Leading Ridge Capital Partners, said Tuesday it has acquired Test Technology. Financial terms weren’t announced. Marlton, N.J.-based Test Technology provides electronic repair and reverse logistics solutions.
WILMINGTON, Mass.–(BUSINESS WIRE)–ReverTech Solutions, LLC announced today that it has acquired substantially all the assets of Test Technology, Inc., headquartered in Marlton, NJ, a leading provider of electronic repair and reverse logistics solutions.
“The TestTech business adds unique and complimentary capabilities to our existing reverse logistics portfolio of services. We are eager to leverage the strengths of the TestTech team to become a broader, more diversified, reverse logistics company,” says Joseph Bradley, President and CEO of ReverTech Solutions.
“As part of the ReverTech platform, we will be a stronger, better capitalized, and more competitive organization,” says Linda Austin, CEO of TestTech. “We are excited about joining the ReverTech family as we strategically expand and diversify our product and service portfolio with an emphasis on quality, speed, and cost recovery.”
ReverTech Solutions is a portfolio investment of Leading Ridge Capital Partners, a private investment firm with offices in Maryland and New York City.
About ReverTech Solutions
ReverTech Solutions, LLC (www.ReverTech.com) is a leading provider of reverse logistics services for consumer and enterprise electronics. ReverTech has nearly 30 years of experience in a diverse array of customized solutions, including returns management, depot repair, component level remanufacturing, service parts fulfillment, and asset recovery, for OEM’s, warranty companies, and electronic retail chains.
About Leading Ridge Capital Partners
Leading Ridge Capital Partners, LLC (www.LeadingRidge.com) is a private equity firm, with offices in Maryland and New York, specializing in acquisitions, recapitalizations, and investments in value-added distribution, logistics, and light manufacturing companies in the lower-middle market. Leading Ridge is comprised of a successful team of operators with a broad array of business experience within the distribution and manufacturing sectors. The team possesses significant operational resources and the leadership experience needed to support rapid yet controlled growth of its portfolio companies.