Investment firm Closed Loop Partners has joined forces with IT Asset Management and Disposition provider, Sage Sustainable Electronics, as a majority shareholder in the company.
The investment from Closed Loop Partners' buyout private equity fund, the Closed Loop Leadership Fund, is taking place at a critical time, amidst the rapid growth of electronic waste, increasing corporate commitments around e-waste management and rising demand for increased transparency and data security in the IT Asset Disposition (ITAD) industry. The strategic partnership aims to accelerate the growth of Sage Sustainable Electronics and strengthen its position as a leading provider of sustainable ITAD services in North America.
The partnership aims to accelerate the growth of Sage Sustainable Electronics at a critical time for eWaste prevention.
