Clover Wireless’ Acquisition of Technology Solutions and Services (TSSI)

Reed Smith and Basham, Ringe y Correa advised Clover Wireless and its Mexican subsidiary Valutech Out Sourcing, S.A. de C.V.

Clover Wireless, the global leader in aftermarket lifecycle management services and solutions for mobile devices, executed the acquisition of TSSI, a high-volume remanufacturer of in-warranty and out-of-warranty IT electronic assets including laptops, tablets and other personal electronics. The combined companies will offer a full-service lifecycle management and asset recovery solutions for OEMs, retailers, insurance providers and enterprise businesses.

When combined, Clover Wireless’ global footprint will include over 1 million square feet amongst three North American processing centers and over 4,500 repair technicians, 240 engineers and 150 support personnel. All facilities have extensive test engineering capabilities and maintain applicable environmental and quality certifications. Services include test, triage, software reflashing, kitting, repair, reclamation, trade-in and buyback, liquidation and remarketing services, recycling and numerous other services. The holistic and integrated approach will help Clover Wireless clients reduce costs and transform their supply chain.

Clover Wireless is the global leader in delivering cost-effective, innovative supply chain solutions for wireless carriers, manufacturers, retailers, insurance providers and enterprise businesses. Clover Wireless offers a comprehensive services portfolio that includes returns management, repair and reclamation services, and customized trade-in and buyback programs.

TSSI is a full-service reverse logistics company and service partner. TSSI offers a wide variety of asset recovery solutions specific to mobile, IT and consumer electronics industries. TSSI provides lean, low-cost solutions that allow its clients to focus on its core business.

Reed Smith advised Valutech Out Sourcing, S.A. de C.V. and Clover Wireless with Morley S. Fortier III (Picture), Robert L. McCann III y Anne E. Pille. Asociadas Farzeen Tariq y Lauren Siler.

In Mexico, Basham, Ringe y Correa advised Valutech Out Sourcing, S.A. de C.V. and Clover Wireless with Juan Carlos Serra, Jorge Campuzano, Roberto Serralde Rodríguez, Francisco Matus, Luis Álvarez and Ricardo Evangelista.

Involved fees earner: Luis Antonio Alvarez Cervantes – Basham, Ringe y Correa; Jorge Campuzano – Basham, Ringe y Correa; Ricardo Eloy Evangelista Garcia – Basham, Ringe y Correa; Francisco Matus – Basham, Ringe y Correa; Juan Carlos Serra – Basham, Ringe y Correa; Roberto Serralde Rodríguez – Basham, Ringe y Correa; Morley Fortier – Reed Smith; Robert McCann III – Reed Smith; Anne Pille – Reed Smith; Lauren Siler – Reed Smith; Farzeen Tariq – Reed Smith;

Law Firms: Basham, Ringe y Correa; Reed Smith;

Clients: Clover Wireless, LLC; Valutech Out Sourcing, S.A. de C.V.;

Author: Ambrogio Visconti