M&A Deal Summary

Closed Loop Partners Acquires Sage Sustainable Electronics

On November 1, 2023, asset manager Closed Loop Partners acquired information technology company Sage Sustainable Electronics

Acquisition Highlights
  • This is Closed Loop Partners’ 1st transaction in the Information Technology sector.
  • This is Closed Loop Partners’ 4th transaction in the United States.
  • This is Closed Loop Partners’ 1st transaction in Ohio.

M&A Deal Summary
Date 2023-11-01
Target Sage Sustainable Electronics
Sector Information Technology
Buyer(s) Closed Loop Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

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.

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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 4 of 4
Sector (Information Technology) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 3 of 3
State (Ohio) 1 of 1
Country (United States) 4 of 4
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-02 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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