Sustainable IT Industry Veterans Join to Create an End-to-End, Coast-to-Coast IT Lifecycle Solution

COLUMBUS, Ohio--(BUSINESS WIRE)--Sage Sustainable Electronics has acquired its most respected competitor, Cascade Asset Management, creating the largest pure-play ITAD company in North America and the first to offer a full suite of IT lifecycle services. As security, sustainability, and cost become competing priorities for large corporate CIOs, Sage lifecycle services offer a simplified solution for using tech longer—lowering costs while improving sustainability.

Tech reuse generates more than twenty times the environmental benefit of recycling. Lifecycle services include refurbishing and redeploying corporate tech to a second user after an initial lifecycle. Depot repair is an inexpensive alternative to expensive extended warranties or buying new. On-time returns are critical to those choosing to lease their tech. High-quality donations for digital equity initiatives are a rewarding way for companies to support their communities. Warehousing and deployment of new tech can be efficiently integrated with recovery of the old. And remarketing surplus tech for residual value recovery optimizes both utilization and cost. Pervasive security for confidential, personal, and proprietary information is always included.

Sage CEO Bob Houghton calls ITAD the key for unlocking lower lifecycle costs. “We’re already visiting virtually all our customers’ facilities nationwide to recover surplus tech at end-of-life. It’s operationally very efficient to extend our workflows to include assets in early or mid-life,” he said.

“Sage facilities on the east and west coasts will reduce logistics costs and improve sustainability for Cascade customers” according to Neil Peters-Michaud, Cascade co-founder and CEO. “And our facilities in the upper Midwest and Florida will do the same for Sage customers,” he noted. Including Sage’s recent acquisition of electronics repair firm Relectro, Sage now operates eight facilities nationwide.

Bob Houghton began helping large companies retire old technology in 1995. Neil Peters-Michaud began in 1999. Running competitive companies in IT Asset Disposition (ITAD) thereafter, the pair has refurbished millions of tech devices for second users and managed the responsible recycling of millions more.

Sage’s acquisition of Cascade was completed through Closed Loop Partners’ buyout private equity group focused on buying and building platforms to advance a circular economy. Closed Loop Partners is a firm at the forefront of building the circular economy, and Sage’s majority shareholder.

About Sage Sustainable Electronics

Sage works with companies in the U.S. and around the world to conveniently, securely and professionally transition their used electronics for further use by themselves or others, and as a last and final resort, recycling. Sage is supported by the most experienced team in ITAD.

About Cascade Asset Management

Cascade Asset Management has provided secure and environmentally responsible IT Asset Disposition (ITAD) services since 1999. The company has processed more than 115 million pounds of electronics from businesses, institutions, and individuals across the U.S.