Ben Gordon Joins SCMC Advisory Board
West Palm Beach, FL — (March 30, 2018) — Mr. Ben Gordon, Managing Partner, BG Strategic Advisors has accepted an invitation to join the Advisory Board of the Supply Chain Management Center (SCMC) at the renowned Warrington College of Business/University of Florida.
Mr. Gordon founded BG Strategic Advisors (Investment bank) and Cambridge Capital (PE), two companies focused on the logistics, transportation, and supply chain industries. The Director of the Center, Professor Asoo J. Vakharia, noted that “Mr. Gordon’s experiences in value creation within diverse supply chains will provide invaluable insights, as the Board of Advisors formulates strategies for directing the future activities of the SCMC.”
About SCMC
The Board of Advisors of the SCMC is comprised of senior business leaders in the manufacturing, transportation, retail, and health-care space, dedicated to advancing the state of supply chain education and practice. The primary mission of the SCMC is to bring together executives, UF faculty, and students in order to pursue excellence in Supply Chain Management practice, education, and research. At this time, the SCMC provides a platform for student internship opportunities, offers an Executive Development Course in Supply Chain Analytics, and generates a stream of relevant research on issues of interest to the SCM community.
About Cambridge Capital
Cambridge Capital is a private equity firm investing in the supply chain sector. The firm’s philosophy is to invest in companies where its operating expertise and in-depth supply chain knowledge can help top management teams grow their businesses. Cambridge seeks to partner with management teams in transportation, distribution, logistics, or supply chain technology to build the next generation of leading supply chain companies. For more information, please visit www.CambridgeCapital.com or contact Jennifer Alfaro at (561) 932-1607.
BG Strategic Advisors Announces that Linx Partners Has Acquired Clover Telecom
West Palm Beach, FL – March 21, 2018 – BG Strategic Advisors (“BGSA”) is pleased to announce that Linx Partners has partnered with the management team of Clover Telecom (or the “Company”), to purchase the Company from Clover Technologies Group, the parent company of Clover Imaging and Clover Wireless.
Clover Telecom, based in Dallas, Texas is a leading provider of equipment distribution and repair and maintenance services for blue-chip customer base in the wireless, cable, data and wireline industries. The Company’s core services include (i) equipment distribution; (ii) equipment testing and repair; (iii) out of warranty technical support; and (iv) field services. Clover offers its global customers access to its extensive inventory of new and used networking equipment, as well as expansive repair and engineering capabilities on over 20 of the top Network Equipment OEMs.
“Linx was drawn to Clover because of the Company’s talented management team, strategic growth opportunities, and diversification of end markets,” said Giny Mullins, Managing Director at Linx Partners. “The Company’s expertise in networking equipment and breadth of repair and maintenance capabilities translate into tremendous potential in existing and new markets that are natural extensions of the business. In addition, this is a fragmented market that will provide abundant add-on opportunities for growth.”
“This sale will enable us to fully focus our energies on the growth opportunities for Clover Imaging and Clover Wireless, and provide us with additional resources to invest in those businesses,” said Jim Cerkleski, Chairman of Clover Technologies Group. “Our core Imaging and Wireless businesses each have strong market positions and established global manufacturing, repair and distribution footprints, which we will work to further build out as we continue our mission of supporting our customers and their new business strategies. We wish Gordon and the Clover Telecom team well in their next chapter.”
“We couldn’t be more excited about the fit we have found with Linx Partners,” said Gordon Smith, President of Clover Telecom. “Our two groups are aligned in our vision for growing our customer base, geographic presence, and technical capabilities.”
The telecom business represents less than five percent of Clover Technologies’ 2017 revenues. Financial terms of the transaction were not disclosed.
BGSA acted as exclusive sell-side advisor to Clover Technology Group.
About Linx Partners
Founded in 1999, Linx Partners is a private equity firm specializing in buyout investments for lower middle-market, family, and entrepreneur-led industrial companies. It primarily invests in industrial manufacturing, transportation & logistics, and business services companies with $5-15mm of EBITDA.
About Clover Technologies Group
Clover Technologies Group is the global leader in helping businesses reclaim value by innovating new solutions for retired assets. Founded in 1996, Clover is one of the fastest growing, privately held companies in the United States with over 60 locations in 18 countries. Clover Imaging is the world’s largest collector and remanufacturer of empty printer cartridges. Clover Wireless delivers market-leading service and value to its customers through a full range of repair, reclamation and trade-in solutions within the global mobile device ecosystem.
About Clover Telecom
Headquartered in Texas, Clover Telecom is a market leader in full lifecycle equipment and maintenance support for the telecom, cable, and IT sectors. Clover Telecom provides mission-critical services and products to blue-chip carriers, cable MSOs, and enterprises.
About BG Strategic Advisors
BGSA is a leading M&A advisory firm focused on the logistics and supply chain industry. The firm specializes in providing CEOs in the logistics and supply chain industry with the tools to maximize their company’s value. BGSA has completed several well-known supply chain transactions, including the sales of PCD to Quality One Wireless, Open Mile to Echo Global Logistics, NESA to Liquidity Services, Access Computer Products to Waste Management, Converge to Arrow Electronics, Dixie Warehouse Services and Wilpak to Jacobson Companies, Churchill to BirdDog, Raytrans to Echo Global Logistics, and many others.
For more information about BGSA, please contact Ben Gordon at ben@bgsa.com and 561-932-1601
BGSA provides investment banking services through BG Strategic Advisors LLC, a registered broker-dealer and member of FINRA and the SIPC.
