M&A Deal Summary

Closed Loop Partners Acquires SMR

On March 2, 2022, asset manager Closed Loop Partners acquired environmental company SMR

Acquisition Highlights
  • This is Closed Loop Partners’ 3rd transaction in the Environmental sector.
  • This is Closed Loop Partners’ 3rd transaction in the United States.
  • This is Closed Loop Partners’ 1st transaction in New York.

M&A Deal Summary
Date 2022-03-02
Target SMR
Sector Environmental
Buyer(s) Closed Loop Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

SMR

Brooklyn, New York, United States
SMR provides recycling and sustainability services by processing and marketing 100% of the metal, glass, and plastic, and 50% of the paper, collected by the New York City department of sanitation (DSNY) from all New Yorkers. SMR serves New York City and surrounding New Jersey municipalities through its facilities in the Bronx, Brooklyn, Queens, and Jersey City, NJ. The company manages the curbside recyclables of Palm Beach County, FL, through a long-term operating agreement with the solid waste authority of Palm Beach County, and has been contracted to provide similar services to Lee County, FL. SMR was founded in 2003 and is based in Brooklyn, New York.

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Buyer(S) 1

Buyer

Closed Loop Partners

Investor Investor Investor Investor Investor

Category Asset Manager
Size Small
Type Sector Agnostic
DESCRIPTION

Closed Loop Partners is a private investment group that looks to finance, fund, or acquire companies focused on sustainable products and services. The Firm invests at all stages of development and will consider opportunities throughout North America. Closed Loop Partners is based in New York City.

DEAL STATS #
Overall 3 of 4
Sector (Environmental) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 2 of 3
State (New York) 1 of 1
Country (United States) 3 of 4
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-15 ERI

Fresno, California, United States

ERI is an integrated IT and electronics asset disposition provider and cybersecurity-focused hardware destruction. ERI's unique blend of "green DNA” and cybersecurity focus allows one to safeguard the aforementioned organizations, people, and the environment completely with respect to data security, data privacy, and environmental issues related to IT and electronics asset disposition. ERI was founded in 2002 and is based in Fresno, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-01 Sage Sustainable Electronics

Columbus, Ohio, United States

Sage Sustainable Electronics is an IT asset disposition company that provides a circular economy for electronics, providing reuse and recovery solutions to businesses seeking to sustainably dispose of their IT assets. Sage Sustainable Electronics was formed in 2014 and is based in Columbus, Ohio.

Buy -
Mergr

Product

Company

Legal