BG Strategic Advisors Announces that Liquidity Services, Inc. Has Acquired BGSA Client National Electronic Service Association (NESA)

BG Strategic Advisors is pleased to announce that Liquidity Services, Inc has acquired National Electronic Service Association in an all-cash transaction. BG Strategic Advisors acted as the exclusive financial advisor to NESA in this transaction.
 
NESA, with nearly 130 employees, is headquartered in Toronto, Ontario and establishes Liquidity Services’ first client service and distribution center in Canada while enabling the company to cross-sell services with existing and prospective clients in both the U.S. and Canada. NESA’s current service offering is supported by NESA Live, a cloud based application that supports returns management, repair and refurbishment services in hundreds of product categories, including satellite TV boxes, laptops, game consoles, tablets, and e-books.
 
"With the proliferation of technology causing complexity and shorter life cycles across thousands of products, our comprehensive reverse logistics solution, encompassing returns management, refurbishment and multi-channel disposition and re-sale services, enables us to reduce costs and increase recovery value for retailers and OEMs,” said Bill Angrick, Chairman and CEO of Liquidity Services. “We are delighted to add NESA’s experienced team to our business and look forward to providing NESA’s client base the opportunity to utilize our existing multi-channel asset recovery services for surplus and refurbished consumer electronics and technology products. The Liquidity Services solution leverages over 2.2 million global buyers and our experience completing the sale of over $3.0 billion in Gross Merchandise Volume."
 
"We are excited to join Liquidity Services and combine our respective services to create a comprehensive reverse logistics solution for electronic and technology products,” said Dominic Renda, President and Founder of NESA. “Liquidity Services brings us a leading market position, expertise and resources to help NESA reach the next level, representing an even brighter future for our growth, innovation and value for our clients and employees.”
 
Liquidity Services expects the transaction to be $0.02 to $0.03 cents accretive to its fiscal year 2013 earnings results.

Quelle: eyefortransport

Portal: www.logistik-express.com