RGF Capital, an Atlanta-based private equity group, has purchased SSM Holdings LLC (doing business as Ontronics), a reverse logistics provider and secondary mobile device company.
Ontronics focuses on device monetization through the repairing and remarketing of mobile devices and accessories. The company has served more than 2,000 clients in over 80 percent of the countries in the world. Many worldwide customers of Ontronics are reselling these devices through online portals such as Amazon and eBay, among others. Shawn Moeenuddin, Ontronics president and owner prior to the transaction, will continue in his role as president and will become a partner with the company.
Generational Equity acted as M&A advisor for SSM Holdings.