Tide Rock, a Solana Beach, California-based unlevered buyout firm, has acquired Global Electronics Recycling (GER), a Phoenix-based information technology asset disposition (ITAD) and electronics recycling company serving enterprise customers.
The acquisition further expands Tide Rock’s portfolio of electronics recycling companies, complementing the acquisition of Full Circle Electronics in 2022 and Sipi's IT Asset and Disposition assets in 2023. Tide Rock says GER will be integrated with Full Circle Electronics’ business.
“The addition of GER further bolsters the national footprint we established in the electronics recycling space with the growth of Full Circle Electronics over the last two years,” Tide Rock Yieldco West Coast President Mark Papp says. “The companies have several immediate synergies that mutually benefit enterprise customers and prospects, particularly in the communications and aerospace and defense industries.”
Tracey Haslam, CEO of Full Circle Electronics, will lead the integration of GER into Full Circle Electronics and will continue to lead the business going forward.
“Our mission has always been to better serve the growing IT and electronics asset disposition market by providing a safe, secure and sustainable electronics recycling solution, and we certainly see that same mission reflected in the GER business,” Haslam says. “Our combined services will better serve enterprise customers, large and small, across industries in the Phoenix area and further scale opportunities nationwide.”
Courtesy : recyclingtoday.com