Strategic Alliance Will Leverage MSE’s Patented Technologies and Proprietary Processes
Intrepid today announced that it served as the exclusive financial adviser to Micro Solutions Enterprises (MSE), a global leader in patented technologies for high-quality remanufactured toner cartridges, on its merger with Clover Technologies Group (Clover), the global leader in the recovery, refurbishment, remanufacturing and repurposing of business and electronic assets. In addition, Intrepid initiated the transaction and assisted with negotiations. The transaction closed on July 18, 2014.
“MSE’s management team has built an impressive platform over the past 20 years. MSE’s intelligent re-engineering platform combined with Clover’s scale will help expand the reach of high-quality remanufactured toner cartridges in the marketplace, better serving the consolidated global customer base,” said James Freedman, Chairman and Managing Director of Intrepid. “We’re excited to have been a part of this merger.”
“The Intrepid team brought high energy, creativity and a collaborative approach to the process,” said Yoel Wazana, President and Founder of MSE. Avi Wazana, MSE’s CEO further commented: “We’re thrilled with the result that Intrepid helped deliver. As a family-owned business, we’re committed to the success of our customers. Intrepid’s dedication and creativity in this process reflects a similar commitment.”