Sage Sustainable Electronics acquires Cascade Asset Management

Columbus, Ohio-based Sage Sustainable Electronics, a Closed Loop Partners portfolio company, has acquired information technology asset disposition (ITAD) company Cascade Asset Management.

Based in Madison, Wisconsin, Cascade provides hardware asset lifecycle management, reuse, refurbishment and disposition services.

The acquisition was completed through Closed Loop Partners’ buyout private equity group focused on buying and building platforms to advance a circular economy.

“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,” Sage Sustainable Electronics CEO Bob Houghton says. “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.”

In 2023, Closed Loop Partners became a majority shareholder in Sage, aiming to accelerate the company’s growth and strengthen its position as a provider of sustainable ITAD services in North America. The company provides secure reuse and recovery solutions to businesses seeking to dispose of their IT assets.

Responding to pressures for improved materials recovery and cost efficiency, Closed Loop Partners says 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. Amidst increasing demand for services to extend the lifecycle of electronic devices, Sage says it completed its acquisition of Cascade to increase reusability yield and bolster demanufacturing and reuse capabilities.

“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.,” Cascade Founder and CEO Neil Peters-Michaud says. “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.”

Founded in 1999, Cascade has more than 25 years of ITAD experience. The company’s services include reuse, refurbishment, demanufacturing, recycling and resale, providing additional scale, capabilities and human resources to Sage’s platform. Cascade brings in a customer base in the healthcare, manufacturing and technology sectors. With facilities in Wisconsin, Indiana and Florida, Cascade further expands Sage’s national footprint, deepening exposure in the Midwest and providing new exposure in the Southeast.

“Closed Loop Partners is proud to back Sage Sustainable Electronics’ acquisition of Cascade Asset Management,” says Jackson Pei, managing director and co-head of Closed Loop Partners’ buyout private equity group. “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.”

Following the acquisition, Closed Loop Partners says Sage will continue to grow its services and geographic footprint.