Closed Loop Partners to acquire a majority stake in Sage Sustainable Electronics.

Closed Loop Partners, an investment firm, agreed to acquire a majority stake in Sage Sustainable Electronics, an IT asset management and disposition provider. Financial terms were not disclosed. "Sage Sustainable Electronics' work to safely increase reuse and proper disposition in the ITAD space is critical to ensuring valuable materials, such as IT assets, do not end up wasted in landfills or the natural environment. E-waste represents a massive loss of value that we can recover through more efficient reuse and recycling. We are proud to partner with the Sage team and support their continued growth as one of the leading IT Asset Disposition providers in North America," Karine Khatcherian, Closed Loop Partners Managing Director.