Sustainable Tech Partner

M&A activity in the IT Asset Disposition market remains steady to strong. Here's a list of #ITAD buyers, sellers & #PrivateEquity investors to note... July 2024: S3 Recycling Solutions acquired #iGlobal Asset Management. January 2024: Quantum Lifecycle Partners acquired Paragon Bay Group January 2024: Shyft Global Services, a division of TD SYNNEX, acquired Cokeva Inc. Acquired by Shyft Global Services. November 2023: Closed Loop Partners acquired Sage Sustainable Electronics. October 2023: Full Circle Electronics acquired #TideRock. June 2023: Elemental Holding Group acquired Colt Recycling, LLC January 2023: Iron Mountain acquired Regency Technologies January 2023: Apkudo acquired Mobile reCell. The business need for #ITAD explained: Businesses, government agencies, schools and associations worldwide are seeking to reduce their #ewaste, which means they want to safely dispose of used smartphones, notebooks, PCs, servers, networks, peripherals, and data center infrastructure. The market growth opportunity: Annual spending on ITAD is expected to reach $34 billion by 2030, up from $16.8 billion in 2022, according to Research and Markets. That's a 9.2% compound annual growth rate (CAGR), the researcher said. More details: Here's a closer look at the ITAD M&A deals and each business involved... https://lnkd.in/ew6eFQfb #CarbonReduction #Sustainability #ITServices #ITConsulting #Recycling #CircularEconomy #Reuse

M&A deal number 244 of 2024 (so far): S3 Recycling Solutions acquires #iGlobal Asset Management, which specializes in IT Asset Disposition. About the buyer: S3 Recycling Solutions, founded in 2007, is based in Springfield, Tennessee. CEO Rod McDaniel and an investor group have owned S3 since 2016. The company's vision is to "combat our planet’s #ewaste epidemic by employing both environmentally and financially responsible processes for a stronger, safer global community." About the seller: iGlobal Asset Management, founded in 2009, is based in Fullerton, California -- near Anaheim. The company specializes in e-waste recycling, #ITAD management, laboratory and medical equipment. Key services include data destruction, data wipe, product destruction, data degaussing and hard drive sanitization. We've got deeper details about the deal, including statements from McDaniel and iGlobal CEO Shahin Joudat, right here: https://lnkd.in/eTYDNw6y #MergersAndAcquisitions #sustainability #ITserviceprovider #ITSP #NetZero #CarbonReduction #CircularEconomy

M&A Deal Coming? Bosch emerges as frontrunner to potentially acquire certain #HVAC assets from Johnson Controls, according to Bloomberg. #JohnsonControls has been seeking a buyer for the assets since roughly January 2024. Lennox International Inc & Samsung Electronics were also mentioned as potential suitors back in March 2024. The bigger picture: Johnson Controls is betting its business on #SmartBuilding technologies that align with customers' #energyefficiency, #sustainability and #decarbonization goals. Additional details and timeline since January 2024: https://lnkd.in/evKZweGf

Good morning. Here is today's #sustainability news for technology partners. Everything you need other than the massive global IT outage caused by CrowdStrike software includes... 1. Cloudtech & ReluTech intro #ITAD services to help customers migrate from VMware to Amazon Web Services (AWS) 2. Microsoft #layoffs included 2 employees from its diversity and inclusion team. Some erroneous reports from certain media suggested the entire team was eliminated. 3. #Trump further describes his planned #EV policy... 4. Only 9% of #OilAndGas companies report their #Scope3 emissions, Clarity AI reports. 5. OpenAI & Broadcom discussed potential #AI chip development, The Information reports. 6. SunPower Corporation #stock plummets... 7. #Quantum computing market forecast says... 8. Fully 74% of US companies are prepared to disclosed #Scope1 and #Scope2 #GHG emissions. And on the financial front... 1. Marathon Fusion raises $5.9M in #seedfunding for #fusionenergy strategy. 2. #RobertBosch buying certains Johnson Controls #HVAC assets? 3. Bowman Consulting acquires FCS Group Want more details on that and more? Find it all here: https://lnkd.in/eHGazJ5S

Talent, Leadership: Circular Integrity hires Karen Fedder as VP of #ITAD partnerships. She joins such Ingram Micro veterans as Todd Zegers & Tim Suhling amid growing #channelpartner interest in #ewaste reduction and #sustainability services. The anecdotal evidence: Annual spending on ITAD is expected to reach $34 billion by 2030, up from $16.8 billion in 2022, according to Research and Markets. That's a 9.2% compound annual growth rate (CAGR), the researcher said. Also, more than 50% of channel partners now generate some revenue from sustainability services, Canalys said. Key Circular Integrity services, according to the company, include: 1. ITAD and #ReverseLogistics consulting across OEMs, #MSPs, Technology Finance, #VARs and ITAD providers; 2. product and downstream #eWaste sales optimization; 3. custom ITAD software development and implementations; 4. global ITAD strategic partnership development; 5. M&A corporate valuation & onboarding consulting; and 6. end to End ITAD RFP development, management and onboarding. Fedder arrives at Circular Integrity ahead of major #ITAD2024 industry conference. Get deeper details here: https://lnkd.in/e47p9eXG #Consulting #ChannelPartners #ITAssetDisposition

Good Thursday morning. Here is today's #sustainability news for technology partners. Our Thursday, July 18, 2024 updates include... 1. Circular Integrity hires Karen Fedder as VP of #ITAD partnerships. 2. Massachusetts Institute of Technology explores #Google & #Amazon climate claims. 3. Is #ESG #Software worth the money? #ROI findings from Nasdaq. 4. Measurabl intros new #ESG software suite for #realestate owners, operators and investors. 5. Bristol Myers Squibb & Lenovo partner to improve #BMS #supplychain and tech procurement. 6. Mercedes-Benz High-Power Charging deploying #EVcharging stations at 100 Starbucks across U.S. 7. Net Zero Now & Zonal partner to assist #hospitality customers with #carbonaccounting 8. Supplyframe unveils Electronics Product Carbon Footprint to assist #manufacturers with #carbonfootprint data 9. Arrow Electronics joins #BEE Sustainable Partners Program. Plus, M&A and funding updates... 1. Earthshot Labs raises $5.5M 2. Peak Energy raises $55M for #energystorage strategy 3. Anthropic & Menlo Ventures create $100M effort to fund #AI #startups 4. EIT InnoEnergy, a #VC firm, receives more funding 5. Naked Energy Ltd #SeriesB funding seeks to #decarbonize heat 6. Quanta Services, Inc. acquires Cupertino Electric, Inc.. Deal's #valuation metrics revealed. 7. Sweco acquires Valstar Simonis 8. Blackstone acquires Trystar But wait, there's more. Find deeper details on those items here: https://lnkd.in/eb3TvbuZ

Talent, Leadership: HP hires #Lenovo #sustainability veteran Claudia Contreras-Gomez as VP of HP Renew Solutions Product and Offer Management. Part of a bigger #HP push involving device life extension, certified #refurbished PCs & more. Contreras-Gomez previously was executive director of global sustainability services at Lenovo, the PC and IT infrastructure giant that has achieved multiple #sustainable IT milestones with partners. While at Lenovo, Contreras-Gomez's role involved "enabling Lenovo products and services to be a positive impact to our environment, our community and our customers," her LinkedIn bio states. Moreover, she "developed and owned the business, strategy and execution of the Sustainability Services Portfolio" at Lenovo, her profile also mentions. Our coverage also explores the HP Renew Solutions strategy, key executives such as Grant Hoffman & Mary Beth Walker; CEO Enrique Lores's perspectives on sustainable impact priorities; and #channelpartner program coordination with #ChannelChief Mary Beth Walker. Special thanks to Karly Weiner for coordinating key #HPRenew interview earlier this year, and Molly Kavanaugh for continued updates on HP innovations. #NetZero #CarbonReduction #greenIT #channelpartners

Partnership: BetterWorld Technology, a national #MSP based in Illinois, taps PCs for People for #recycling & #ewaste reduction services. Check out statements from Casey Sorensen & John Jordan. Also, see some #sustainability research findings from Canalys. And a #GreenIT playbook for #MSPs and IT departments from Rackspace Technology & Smart Columbus. #CircularEconomy #carbonreduction The deeper details all right here: https://lnkd.in/e5_g_WeN

New #ChannelChief in the #ITAD market…

Good Wednesday morning. Here is today's #sustainability news for technology partners -- as of July 17, 2024. 1. iMasons Climate Accord members such as Amazon Web Services (AWS), Digital Realty, Google, Meta, Microsoft & Schneider Electric push for more #scope3 emissions transparency. 2. CoreWeave will leverage Bloom Energy #fuelcell technology for on-site power in an Illinois #datacenter. 3. Claudia Contreras-Gomez, most recently executive director of global sustainability services at Lenovo, has exited the technology company. 4. PwC's US business has named Dan Priest as chief #AI officer, and Ellen Walsh as sustainability executive sponsor. 5. WSP hires Mike Finnern to help customers with zero-emission vehicle efforts & #EV fleet strategies. 6. EIGHT ADVISORY launches #ESG & sustainability services practice. M&A & Money Stuff: 1. #SiliconValley seems to like #JDVance as #Trump running mate. 2. 3M invests in #greenhydrogen technology firm. 3. LevelTen Energy raises $65M in #SeriesD. Google & Microsoft involved. 4. Microsoft Climate Innovation Fund invests in Cyclic Materials, and #ITAD companies could gain key benefits. 5. nVent acquires Trachte Building Systems for $695M for electric everything strategy. Valuation multiple revealed. But that's not all. Get the deeper details on each item here: https://lnkd.in/ecRrxibw