Full Circle gains ITAD geographic reach across Northern California, Illinois, Texas, Mexico and Columbia, the buyer said. SIPI ITAD provides "full ITAD pick-up scheduling system, detailed auditing, and integrated testing, wiping, and grading for optimal data security and product quality," Full Circle said. Headcount figures for the combined company were not disclosed.
IT Asset Disposition (ITAD) Merger and Acquisition: Executive Perspectives
In a prepared statement about the deal, Mark Papp, president of Tide Rock Yield Co., said: “We are thrilled to welcome the SIPI ITAD division to Full Circle Electronics. This acquisition adds to Full Circle’s expertise, capacity and geographic footprint. With these new locations, Full Circle can provide even better service to our enterprise customers across the US and now, for the first time, expand our reach to Latin and South America as well.”
Added Tracy Haslam, CEO of Full Circle Electronics: "Combining two high integrity ITAD and recycling businesses not only benefits existing Fortune 500 clients but better serves the growing IT and electronics asset disposition market. SIPI ITAD's workflows are flexible and robust, ensuring alignment with each client's specifications and providing stronger opportunities for stability and growth. Our combined footprint creates better sustainability partnerships, more efficient logistics across locations, and enables us to create a balanced workload for faster, and safer, corporate pickup and processing. This acquisition will provide the best of both worlds! I’m truly optimistic for Full Circle Electronics’ future, moving forward.”
IT Asset Disposition (ITAD) Market Growth Forecast, Trends
Demand for IT asset disposition (ITAD) 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.
Among the key business drivers for ITAD spending: The growing desire to reduce e-waste -- thereby keeping PCs, laptops, smartphones, printers, networking equipment and consumer electronics out of landfills.
Dynamic Lifecycle Innovations and global IT distribution giant TD Synnex are working together to help channel partners and customers achieve ESG goals, while driving reuse or recycling of IT equipment.
ScalePad, an MSP software provider, has expanded its IT Asset Disposal software to cover a "broader range of asset types." The effort includes "full-service bulk disposal support, and is cost-free with no hidden fees or shipping charges," ScalePad said. CEO Dan Wensley has worked in and around the MSP software market for more than two decades.
If you're seeking to get started in the ITAD market, key advisors include Todd Zegers, president of Circular Integrity, based in Newport Beach, California. Zegers has worked in and around the e-waste and ITAD markets since 2003 or so. We'll share more about Zegers and Circular Integrity in the weeks and months ahead.