Cascade Asset Management has been acquired by Sage Sustainable Electronics

Sage Sustainable Electronics, is an Ohio-based company and is also well-known as a Closed Loop Partners portfolio company. They have recently acquired Cascade asset Management, an information technology asset disposition (ITAD) company.

This agreement was finalised through Closed Loop Partners’ buoyant private equity group, which was focused on both buying and building platforms, which would be effectively used as a way to advance the progress towards a circular economy.

Cascade was first founded in 1999 and so far the company has over twenty five years of experience with ITAD. The services provided by the company include, ‘reuse, refurbishment, demanufacturing, recycling and resale, providing additional scale, capabilities and human resources to Sage’s platform.’ Furthermore, Cascade also brings in a customer base when it comes to the healthcare, manufacturing and technology sectors. This innovative and excellent company has facilities based within Wisconsin, Indiana and Florida and this means that Cascade has the ability to expand Sage’s national footprint. Doing this will have the effect of deepening exposure within the Midwest, whilst simultaneously being able to provide new exposure throughout the Southeast.

In Madison, Wisconsin, Cascade works to provide hardware asset lifecycle management, reuse, refurbishment and disposition services.

It was back in 2023 that Closed Loop Partners made the decision to become a majority shareholder in Sage and they entered this agreement with the aim of accelerating the company’s growth, whilst also strengthening its position as a reliable provider of sustainable ITAD services within North America.

Sage Sustainable Electronics CEO, Bob Houghton, commented, “Cascade 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’s growing platform. This 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.”

Closed Loop Partners responded to pressures which are currently surrounding improved materials recovering and cost efficiency, saying, ‘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.’ Whilst focusing on finding ways to increase the demand for services which will help to extend the lifecycle of electronic devices, Sage stated that it completed its, ‘acquisition of Cascade to increase reusability yield and bolster demanufacturing and reuse capabilities.’

Cascade Founder and CEO, Neil Peters-Michaud, commented, “We 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. Our 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.”

Managing director and co-head of Closed Loop Partners’ buyout private equity group, Jackson Pei, added, “Closed Loop Partners is proud to back Sage Sustainable Electronics’ acquisition of Cascade Asset Management, Cascade’s experience and reach strengthens Sage’s position as a leading IT asset disposition provider, with extensive capabilities to serve diverse locations and industries––from healthcare, to technology, to manufacturing.”