GER will integrate with Tide Rock's existing
portfolio company, Full Circle Electronics, and expand the firm's
national footprint in the electronics recycling space
SAN DIEGO, Aug. 13, 2024 /PRNewswire/ -- Tide Rock, an
unlevered buyout firm with a portfolio of diverse economically
resilient B2B businesses, acquired Global Electronics Recycling
(GER), a Phoenix-based
professionalized IT 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. GER will be integrated with Full Circle
Electronics' business to boost their shared mission to transform
the enterprise electronics recycling space.
"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," said Mark Papp, President of Tide Rock YieldCo West
Coast. "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," said Haslam.
"Our combined services will better serve enterprise customers,
large and small, across industries in the Phoenix area and further scale opportunities
nationwide."
About Tide Rock
Tide Rock is an unlevered buyout firm that acquires
companies with strong free cash flow and grows them to scale while
distributing high quarterly yield to its investors. It owns a
portfolio of economically resilient business-to-business companies
in the lower middle market, specifically in the manufacturing,
distribution, and services industries. The company's unique model
consistently drives high yield returns without the risk profile
typically associated with other investment vehicles. It has offices
in Solana Beach, CA and New
York, NY. Learn more at
tiderock.com.
About Full Circle Electronics
Full Circle Electronics is a safe, secure, and sustainable
electronics recycling provider specializing in scalable asset and
decommissioning recycling processes for small to large industries.
With locations across the country, the company's certified
destruction capabilities efficiently serve the needs of Fortune 100
companies requiring the safe destruction of data and materials. To
learn more about Full Circle Electronics recycling and retail arm,
visit fullcircleelectronics.com.
Media Contact: Jessica
McNellis (jessica@galestrategies.com)
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SOURCE Tide Rock LLC