Investment Summary

Closed Loop Partners Invests In ERI

On July 15, 2021, asset manager Closed Loop Partners invested in environmental company ERI

Investment Highlights
  • This is Closed Loop Partners’ 2nd transaction in the Environmental sector.
  • This is Closed Loop Partners’ 2nd transaction in the United States.
  • This is Closed Loop Partners’ 1st transaction in California.

Investment Summary
Date 2021-07-15
Target ERI
Sector Environmental
Investor(s) Closed Loop Partners
Deal Type Growth Capital

Target

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.

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Investor(S) 1

Investor

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 2 of 4
Sector (Environmental) 2 of 3
Type (Growth Capital) 1 of 1
State (California) 1 of 1
Country (United States) 2 of 4
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-04 Balcones Resources

Austin, Texas, United States

Balcones Resources is an environmental services company that converts waste into valuable resources. We are an industry leader in creating sustainable waste processes from recycling streams that benefit our customer's bottom line. Balcones Resources was founded in 1994 and is based in Austin, Texas.

Buy -
FOLLOWING 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.

Buy -
Mergr

Product

Company

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