Merger and acquisition (M&A) activity in the IT asset disposition (ITAD) market remains steady. Skeptical? Our regularly updated list of ITAD deal flow (further below) tracks all of the buyers, sellers and private equity investors in the market.
First, some background: Businesses, government agencies, schools and associations worldwide are seeking to reduce their e-waste, which means they want to safely dispose of used smartphones, notebooks, PCs, servers, networks, peripherals, and data center infrastructure.
Demand for associated ITAD services appears strong. Indeed, annual spending on ITAD is expected to reach $34 billion by 2030, up from $16.8 billion in 2022, according to Research and Markets. That's a 9.2% compound annual growth rate (CAGR), the researcher said.
Seeking to capitalize on that growth opportunity, ITAD businesses and investors -- ranging from venture capitalists (VCs) to private equity firms -- have been funding and/or acquiring ITAD-related companies.
M&A List: ITAD Company Buyers, Sellers and Investors
Here's a regularly updated M&A list tracking ITAD business buyers, sellers and private equity investors. Check back often to see the latest deal flow.
31. March 2026: Echo Tech, backed by private equity firm Altered Capital, has acquired ITAD specialist BMS of New Zealand. Together, Echo and BMS repurpose over 150,000 IT assets for resale and process more than 4 million kilograms of electronic waste each year, the two companies said. Financial terms of the deal were not disclosed. Echo Tech was previously known as Computer Recycling through 2024 or so.
30. January 2026: Paladin EnviroTech of Tampa, Florida, has acquired R&L Recycling B.V., a Netherlands-based recycler with more than 25 years of experience in sustainable materials recovery and ITAD services. This is Paladin's first acquisition in Europe. Financial terms of the deal were not disclosed. Paladin, backed by investment firm SER Capital Partners (SER) and Daeheung Recycling South Korea, launched in 2025 through two acquisitions: E-waste recycling specialist TechSmart International (TSI) of Florida; and ITAD specialist Integrated Recycling Technologies (IRT) of Minnesota.
29. December 2025: Mitsubishi Materials Corp. has invested in Elemental USA E-Waste & ITAD. Financial terms of the deal were not disclosed.
28. November 2025: Renewtech, a European provider of sustainable IT hardware solutions, has acquired Intelligent Servers, a UK-based provider of refurbished IT solutions. Financial terms of the deal were not disclosed.
27. November 2025: Iron Mountain has acquired ACT Logistics, an IT asset disposition (ITAD) and technology lifecycle services specialist in Australia. Financial terms of the deal were not disclosed. Iron Mountain completed the deal in September 2025, and ACT Logistics contributed less than $2 million to revenue in the third quarter. For modeling purposes, Iron Mountain expects ACT will contribute revenue of approximately $7 million to its full year results, the company said during an earnings call on November 5, 2025.
26. September 2025: Itellus Capital Management provided senior debt financing and an equity co-investment in support of Tailwind Capital's investment in ITAD solutions provider DMD Systems Recovery. Tailwind is now DMD's majority owner.
25. September 2025: Private equity firm Tailwind Capital has acquired DMD Systems Recovery, an ITAD service provider. Financial terms of the deal were not disclosed.
24. August 2025: PedalPoint, backed by Korea Zinc, has acquired acquired MDSi (Managed Data Systems International), an ITAD provider. Financial terms were not disclosed, but the buyout price likely was about $100 million, BusinessKorea reported.
23. August 2025: SK Ecoplant plans to focus more intensely on ITAD and electronic waste recycling, while selling off its more traditional waste management and water treatment business to KKR for $1.2 billion, The Korean Economic Daily reported.
21 and 22. July 2025: Paladin EnviroTech, backed by investment firm SER Capital Partners (SER) has acquired e-waste recycling specialist TechSmart International (TSI) of Florida, and ITAD specialist Integrated Recycling Technologies (IRT) of Minnesota. Financial terms of each deal were not disclosed. On the leadership front, Paladin named Brian Diesselhorst as CEO.
20. May 2025: Blancco Technology Group has acquired Key Deploy. The buyer specializes in data erasure software for enterprises, ITAD and mobile customers. Key Deploy's software allows customers to re-image Microsoft Windows desktops and laptops after data sanitization. The seller was Blair Technology Group (BlairTech), a Microsoft Authorized Refurbisher (MAR). Financial terms of the deal were not disclosed.
19. April 2025: CTL, a major Google Chromebook manufacturer, has acquired 3R Technology, an ITAD service provider to schools and enterprise customers. CTL is backed by private equity firm Columbia River Partners. Among the factoids to note:
- CTL, based near Portland, Oregon, has roughly 238 employees listed on LinkedIn as of April 2025.
- 3R, based in Kent, Washington, has 34 employees listed on LinkedIn.
- Financial terms of the deal were not disclosed.
18. April 2025: Ancor Capital Partners has acquired CEAR, a provider of electronics recycling and ITAD services headquartered in Mather, California. Financial terms of the deal were not disclosed.
17. March 2025: EGO Technology has acquired Ucan Secure IT. The deal reinforces EGO's focus on sustainable ITAD and rare earth metal recovery services for United Kingdom customers. Growth Lending Group financed the deal. Financial terms were not disclosed.
16. February 2025: Sage Sustainable Electronics, backed by private equity firm Closed Loop Partners, acquired Cascade Asset Management.
15. February 2025: 3StepIT has acquired LeaseCloud, which develops an IT equipment subscription platform for SMB customers. LeaseCloud's platform integrates with hardware distributors and vendors’ portals, providing SMBs with access to leasing as a payment method for B2B e-commerce, 3StepIT said. The service is rolling out in Sweden, Denmark, Finland and Norway. Financial terms of the acquisitions were not disclosed. 3stepIT, a provider of IT asset disposition (ITAD) and circular technology services, also is expanding from Europe to North America, and sharpening its AI data center focus. Key partners include BNP Paribas, a French bank and financial services firm.
14. February 2025: Service Express has acquired Top Gun Technology, a data center maintenance and ITAD service provider in Minneapolis, Minnesota. Financial terms of the deal were not disclosed.
13. January 2025: Private equity firm Recognize has acquired a majority stake in Sprout, an ITAD service provider. New Capital Partners remains a minority investor in the ITAD business. Recognize Co-founder and Managing Partner Charles Phillips is well-known across the financial services and software sector. He previously was CEO of Infor, president of Oracle, and managing director at Morgan Stanley.
12. December 2024: Quantum Lifecycle Partners has acquired DCR Systems Group Inc., an IT service provider in Richmond Hill, Ontario. The deal further expands Quantum's expertise in such areas as ITAD, recycling and e-waste reduction. This is Quantum's second acquisition of 2024. The first, deal number 7 listed below, involved Paragon Bay Group.
11. October 2024: Sage Sustainable Electronics, backed by private equity firm Closed Loop Partners, has acquired Relectro, a provider of electronics repair, refurbishment, logistics, and device lifecycle management services.
Continue to next page for additional ITAD M&A deals.
