Closed Loop Partners鈥� portfolio company,聽Sage Sustainable Electronics, announces their acquisition of IT Asset Disposition (ITAD) company,聽Cascade Asset Management. Cascade is a longstanding leader in the ITAD industry, providing hardware asset lifecycle management, reuse, refurbishment and disposition services. Following its acquisition of Cascade, Sage Sustainable Electronics becomes one of the largest pure ITAD service providers in the United States.
The acquisition takes place amidst increasing demand to bring valuable electronics鈥撯�揳nd their critical mineral components鈥撯�揵ack into circulation for reuse in domestic supply chains in the U.S. The acquisition accelerates Sage鈥檚 path to becoming the leading platform within the ITAD industry, servicing major corporations through IT asset recovery and lifecycle extension. The acquisition was completed through Closed Loop Partners鈥� buyout private equity group focused on buying and building platforms to advance a circular economy.
Closed Loop Partners first joined forces with Sage in 2023 as a majority shareholder in the company, aiming to accelerate the company鈥檚 growth and strengthen its position as a leading provider of sustainable ITAD services in North America. Since then, Sage has been at the forefront of advancing a circular economy for electronics. The company provides secure reuse and recovery solutions to businesses seeking to sustainably dispose of their IT assets.
Sage faces an evolving IT industry. Responding to pressures for improved materials recovery and cost efficiency, device lifecycles are being extended, with an average refresh cycle by IT departments of two years for smart phones, four years for laptops and five years for printers. Amidst increasing demand for services to extend the lifecycle of electronic devices, Sage completed its acquisition of Cascade, bolstering capabilities including de-manufacturing and reuse, and increasing reusability yield.
鈥淐ascade is among the most respected IT Asset Disposition companies in the industry, bringing over two decades of experience and a comprehensive suite of electronics recovery solutions that complement Sage鈥檚 growing platform,鈥� said Bob Houghton, CEO of Sage Sustainable Electronics. 鈥淭his marks an important milestone for Sage, as we accelerate progress toward increased market reach and scaled impact. We are thrilled to join forces with Cascade, an experienced operator in the industry, expanding our platform to keep more electronics in circulation across industries.鈥�
Founded in 1999, Cascade brings over 25 years of experience as an industry-leading IT Asset Disposition company, headquartered in Madison, Wisconsin. The company鈥檚 services include reuse, refurbishment, de-manufacturing, recycling and resale, providing additional scale, capabilities and human resources to Sage鈥檚 platform. Cascade brings in a strong customer base in the healthcare, manufacturing and technology sectors, creating opportunities to advance circularity across more industries. With facilities in Wisconsin, Indiana and Florida, Cascade further expands Sage鈥檚 national footprint, deepening exposure in the Midwest and providing new exposure in the Southeast.
鈥淲e are proud to join forces with Sage Sustainable Electronics, growing their platform as one of the largest pure IT Asset Disposition service providers in the U.S.,鈥� said Neil Peters-Michaud, Founder & CEO of Cascade. 鈥淥ur aligned mission, complementary services and geographic footprint accelerate shared goals to transform the ITAD industry and meet growing demand for electronics recovery across industries. Together, we can reach more markets, laying the groundwork for greater impact.鈥�
Closed Loop Partners鈥櫬燽uyout private equity group聽employs a buy-and-build strategy to partner with companies and scale platforms and enabling technologies across plastics & packaging, organics, circular technology, the built environment and textiles. The group aims to develop, accelerate and modernize circular supply chains and recycling & reuse infrastructure. The investment to support Sage鈥檚 acquisition of Cascade builds on Closed Loop Partners鈥� robust portfolio of investments to advance circularity for electronics鈥撯�搊ne of the firm鈥檚 key focus areas, alongside packaging, textiles, organics and more. Closed Loop Partners鈥� broader portfolio of investments in electronics circularity spans IT asset management and disposition, disassembly and remanufacturing, collection and reuse, and end-of-life electronics recycling.
鈥淐losed Loop Partners is proud to back Sage Sustainable Electronics鈥� acquisition of Cascade Asset Management. Cascade鈥檚 experience and reach strengthens Sage鈥檚 position as a leading IT Asset Disposition provider, with extensive capabilities to serve diverse locations and industries鈥撯�揻rom healthcare, to technology, to manufacturing,鈥� said Jackson Pei, Managing Director and Co-head of Closed Loop Partners鈥� buyout private equity group. 鈥淲e look forward to supporting Sage鈥檚 continued expansion to bring more electronics back in circulation, keeping them within domestic supply chains and out of landfills.鈥�
Following the acquisition, Sage will continue to grow its services and geographic footprint, positioning the company for wider reach.