Here are additional ITAD M&A deals.
10. September 2024: Iron Mountain has acquired Wisetek, an ITAD company in Cork, Ireland, the Irish Examiner reported. Financial terms of the deal were not disclosed. Iron Mountain has been an active ITAD business buyer. Earlier acquisitions include Regency Technologies and ITRenew.
9. August 2024: Full Circle Electronics, backed by investment firm Tide Rock, acquired ITAD specialist Global Electronics Recycling (GER).
8. July 2024: S3 Recycling Solutions acquired iGlobal Asset Management, which specializes in IT asset disposition (ITAD) and medical asset disposition.
7. January 2024: ITAD and recycling specialist Quantum Lifecycle Partners acquired Paragon Bay Group -- which specializes in product fulfillment, testing, in-warranty repair, asset recovery, and forward and reverse logistics services. Financial terms of the deal were not disclosed.
6. January 2024: Shyft Global Services, a division of IT distribution giant TD SYNNEX, acquired Cokeva -- a provider of IT repair, test and refurbishment services. The deal potentially strengthens TD Synnex's overall portfolio of sustainable IT services.
5. November 2023: Private equity and circular economy investment firm Closed Loop Partners acquired a majority stake in Sage Sustainable Electronics for IT asset disposition (ITAD) services.
4. October 2023: Full Circle Electronics (FCE), backed by private equity firm Tide Rock, acquired an IT Asset Disposition (ITAD) business from SIPI Asset Recovery.
3. June 2023: Elemental Holding Group acquired Colt Recycling, an e-waste recycler and IT asset disposition company. Financial terms of the deal were not disclosed.
2. January 2023: Iron Mountain completed the previously announced Regency Technologies acquisition. The deal was valued at $200 million or 7.5 times annual EBITDA (earnings before interest, taxes, depreciation and amortization). Still, the overall purchase price and valuation may increase if Regency achieves certain earn-out goals, which are potentially payable in 2027.
1. January 2023: Apkudo acquired Mobile reCell, which develops a software-driven platform for IT asset management (ITAM) and recovery. The deal potentially accelerates Apkudo's circular economy strategy for IT device reuse, recovery and e-waste reduction.
Did we fail to list a particular M&A deal involving ITAD? If so, please email me the details: Joe@MentoreVentures.com. Thanks for your readership and ongoing help tracking the market.
