LAWRENCEVILLE, Ga., Oct. 25, 2011 (GLOBE NEWSWIRE) -- Encompass Supply Chain Solutions, Inc. (ESCS), a wholly-owned subsidiary of Sancompass Inc., today announced it has completed the purchase of substantially all of the assets of Encompass Group Affiliates, Inc. (EGA). The new, privately-held company will build on EGA's experience as a leading provider of forward and reverse logistics for a diverse range of electronics products and replacement parts.
The combined company will operate under the ESCS name and continue serving manufacturers, national retailers and independent servicers through two business divisions: Encompass Parts Distribution and Encompass Service Solutions. The long-standing leadership team that has guided the organization for decades will also remain intact.
"While our corporate name and structure have changed, our experienced management team, fundamental business strategy and commitment to serving customers throughout the industry remain stronger than ever," said Robert Gowens, ESCS President & CEO. "The only significant difference in the company going forward is a much more solid foundation. We are excited about the future and the myriad opportunities before us."
Robert Coolidge, President of Encompass Parts Distribution, and Kim Wagner, Executive Vice President of Encompass Parts Distribution, are both longtime industry leaders and will remain part of the company's senior management team.
"This is a very positive new chapter in the long history of our organization," said Coolidge. "We have the strong backing and unmatched capabilities to continue building our business and attain success for us and for our customers."
Added Wagner, "I am looking forward to continuing on with a senior management team that has decades of expertise in the consumer electronics industry."
ESCS will be governed by a Board of Directors which will include representatives from Sankaty Advisors, LLC, one of the nation's leading private managers of corporate credit obligations.
"We are confident that Encompass is now better positioned to pursue new avenues for growth and profitability," said Steve Glick, Sankaty Senior Vice President. "As a private company, ESCS can focus strictly on providing superior service to its valued customers and improving its competitive standing in the market through innovative strategies.
About Encompass Supply Chain Solutions, Inc.
Encompass is a market leader in forward and reverse supply chain management and high-tech repair services for a diverse and expanding range of consumer electronics, computer, major appliance and imaging products. Encompass, through its business units Encompass Parts Distribution and Encompass Service Solutions, provides end-to-end solutions for top OEMs, retailers, independent dealers and third-party administrators.
Encompass manages all stages of the product lifecycle, including finished goods and replacement parts logistics, board repair and product refurbishment services, returns management, asset value recovery and eco-friendly disposal. For more information, please visit encompass.com.
The Encompass Supply Chain Solutions, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=10922
About Sankaty
Sankaty Advisors, LLC, the credit affiliate of Bain Capital, LLC, is one of the nation's leading private managers of fixed income and credit instruments. With approximately $18 billion assets under management, Sankaty invests in a wide variety of securities and investments, including leveraged loans, high-yield bonds, distressed/stressed debt, mezzanine debt, structured products and equities.