M&A deal number 252 of 2024 (so far): Full Circle Electronics, backed by investment firm Tide Rock, has acquired IT Asset Disposition (ITAD) specialist #GlobalElectronicsRecycling.
Full Circle Electronics, based in Phoenix, Arizona, launched in 2018 when the company acquired Westech Recyclers . Key services include electronics #recycling, planned data destruction, #ITAD, asset remarketing, auditing and reporting.
Tide Rock has owned Full Circle since September 2022. The buyout firm typically acquires #B2B (business to business) companies that have annual EBITDA (earnings before interest, taxes, depreciation and amortization) of $2 million to $7 million. Tide Rock, founded in 2013, is based in Solana Beach, California.
Global Electronics Recycling (GER), founded in 1998, is based in Phoenix, Arizona. The company as of August 2024 had 12 employees listed on LinkedIn, though we don't know actual headcount figures for the business. GER's ITAD services include a revenue sharing model for #preciousmetal recovery.
This is Full Circle's second acquisition in the past year or so. The earlier deal involved buying ITAD capabilities from SIPI Asset Recovery in October 2023.
In prepared statements, Tide Rock President Mark Papp & Full Circle CEO Tracey Haslam provided more context about the M&A deal.
Read the complete report, including an #ITAD market forecast, here:
https://lnkd.in/ewATxkqm
#Sustainability #eWaste #CarbonReduction #ITServices #SustainableIT #GreenIT #NetZero #MergersAndAcquisitions #PrivateEquity
Vice President, Investment Banking
7moCongratulations! Great working with you all on this one.