Generational Capital, a leading mergers and acquisitions advisor for privately-held, middle-market businesses, is pleased to announce its Client, CExchange, LLC, has received a strategic investment for thirty percent (30%) of the Company from a subsidiary of FIH Mobile Limited (FIH), SP International, Inc.
CExchange is the leading provider of consumer electronics trade-in services in the US retail sector and an expert in reverse logistics, repair services, asset recovery management, as well as retail sales representation. It provides services to the largest US retailers and largest regional wireless service providers representing tens of thousands of store-fronts. It also provides millions of trade-in appraisals via its partner's websites. FIH, listed in Hong Kong (2038.hk) is the global green handset and wireless communications manufacturing and service industries leader.
FIH is making a strategic investment in CExchange to gain exposure to the consumer electronics trade-in, buy back and reverse logistics businesses in the US and to capitalize on the growth of this aspect of the global handset industry. FIH will leverage CExchange's unique service positioning, its familiarity with the retail and wireless industries and related legal and regulatory requirements, its sophisticated pricing mechanism and information technology systems, as well as its comprehensive network of resale and distribution channels.
The superior retail system technology and processes for trade-in of CExchange, along with its reverse logistics, refurbishing services, and knowledge of the wireless retail space combined with FIH's deep global technology capabilities, scale, and relationships, creates an unmatched suite of services to provide carriers and retailers with low-cost, high-value and high-velocity end-to-end solutions. "FIH Mobile Limited is excited to enter into the US trade-in and buy-back industry and we are pleased to be doing this with the industry leader. Our investment will allow us to take advantage of our combined resources to help significantly grow the re-commerce industry and our combined position within this competitive market place," said FIH Chairman Vincent Tong. "We believe the CExchange management team and their proven success is a great fit with the FIH executive team and our combined resources will provide the ability to deliver value and scale that is unmatched in the global wireless and retail industry. We're excited to see what we can do together in the years ahead," said Mr. Tong. Hunter Howard, President and COO of CExchange said "earning the trust of FIH, based on their thorough review of our capabilities is further validation that our investments in people, technology, and operational processes have been justified. Our ISO certifications and R2 certified facility, end-to-end secure technology, and experienced management team are the reasons for our success, and we are ready to take our company to the next level both in the U.S. and abroad, with the support of FIH." Managing Director Tom Staszak and Vice President Chris Gain led the Generational Capital deal team that advised CExchange on the transaction. "After evaluating numerous proposals from potential partners, the management of CExchange determined FIH Mobile's expertise and worldwide presence were ideal to combine with CExchange's capabilities. The relationship will accelerate both companies' global expansion objectives. This is an ideal situation for two companies that are leaders in their markets," stated Tom Staszak.
The information we learn from customers helps us personalize and continually improve your experience. Here are the types of information we gather.
We receive and store any information you enter on our Web site or give us in any other way. We do not sell or rent your personal information to others without your consent. We use the information we collect only for the purposes sending promotional information, enhancing the operation of our site, serving advertisements, for statistical purposes and to administer our systems. We DO NOT use third parties to provide customer service, to serve site content, to serve the advertisements you see on our site, to conduct surveys, to help administer promotional emails, or to administer drawings or contests, but reserve the right to do so in the future without advance notice.
Generational Capital Markets, Inc.’s affiliates are all part of one corporate family, they work with one another and may work together to provide services to you. The sharing of your information among affiliates enables Generational Capital Markets to serve you more efficiently and makes it more convenient for you to do business with Generational Group. Generational Capital Markets is permitted by law to share information with its affiliates. All of our affiliates follow similar privacy policies.
For reasons such as improving personalization of our service, we might receive information about you from other sources and add it to our account information.
Generational Group may license the use of its intellectual property including but not limited to its name, likeness, and logo for the use of affiliated offices. Such affiliated offices may not be owned, controlled, managed, supervised or staffed by employees, officers, or agents of Generational Group. Affiliated offices may be independently owned and operated. For more information about a particular office, please contact Generational Group at its office in Dallas, Texas.
This page may contain other proprietary notices and copyright information, the terms of which must be observed and followed.
Information on this web site may contain technical inaccuracies or typographical errors. Information may be changed or updated without notice. Generational Group may also make improvements and/or changes in the products and/or the programs described in this information at any time without notice.
Generational Group does not want to receive confidential or proprietary information from you through our web site. Please note that any information or material sent to Generational Group will be deemed NOT to be confidential. By sending Generational Group any information or material, you grant Generational Group an unrestricted, irrevocable license to use, reproduce, display, perform, modify, transmit and distribute those materials or information, and you also agree that Generational Group is free to use any ideas, concepts, know-how or techniques that you send us for any purpose.
Our computer system protects personal information using advanced firewall technology.
Information Generational Group publishes on the World Wide Web may contain references or cross references to other products, programs and services that are not announced or available in your country. Such references do not imply that Generational Group intends to announce such products, programs or services in your country. Consult a Generational Group representative for information regarding the products, programs and services which may be available to you.
Generational Group makes no representations whatsoever about any other web site which you may access through this one. When you access a non-Generational Group web site, please understand that it is independent from Generational Group, and that Generational Group has no control over the content on that web site. In addition, a link to a non-Generational Group web site does not mean that Generational Group endorses or accepts any responsibility for the content, or the use, of such web site. It is up to you to take precautions to ensure that whatever you select for your use is free of such items as viruses, worms, Trojan horses and other items of a destructive nature.
IN NO EVENT WILL Generational Group BE LIABLE TO ANY PARTY OR ANY DIRECT, INDIRECT, SPECIAL OR OTHER CONSEQUENTIAL DAMAGES FOR ANY USE OF THIS WEBSITE, OR ON ANY OTHER HYPERLINKED WEBSITE, INCLUDING, WITHOUT LIMITATION, ANY LOST PROFITS, BUSINESS INTERRUPTION, LOSS OF PROGRAMS OR OTHER DATA ON YOUR INFORMATION HANDLING SYSTEM OR OTHERWISE, EVEN IF WE ARE EXPRESSLY ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
Generational Capital Markets, Inc. ("GCM"), member FINRA/SIPC, is wholly owned by Generational Capital, LLC ("GC"). Both GCM and GC are affiliated with Generational Equity, LLC; and all part of the Generational Group of companies. This website is solely for general informational purposes and is not guaranteed by us to be accurate and complete statements of fact and should not be relied on as such. Opinions in this website constitute the current judgment of the author as of the date and its last update. The content of this website does not necessarily reflect the opinions of GCM, and is subject to change without notice, and GCM is not under any obligation to update or keep current any information contained herein. This website does not constitute any personal recommendations and does not take into account the specific investment objectives, financial situation or particular needs of the reader. The information contained in this website should not be construed as an offer, or a solicitation of an offer, to buy or sell any securities or other financial investments. The information presented should not and cannot be viewed as an indicator of future performance. To the extent permitted by law, GCM does not accept any liability arising from the use or retransmission of the information in this website.
Furthermore, all information contained within this website is the property of Generational Group.
Honored to be named a 4-time winner of Investment Banking Firm of the Year.
Over 50 awards and counting.
Sign up to receive regular email updates, industry-leading insights and details on complimentary M&A executive conferences in your area from our award-winning team
Success, you have been added to our list.