Recognize Partners completed the investment in Sprout.

Recognize Partners, a private equity firm investing in non-financial services, information technology, artificial intelligence, cybersecurity, e-commerce & legal technology sectors, completed the investment in Sprout, a global IT asset disposition solutions provider. Financial terms were not disclosed. "Increasing regulation and scrutiny around secure data destruction and ESG creates a significant and growing need for Sprout's services. Sprout is uniquely positioned in a market that is currently at an inflection point as advancements in compute and demand for GenAI applications are necessitating increasing infrastructure spending and hardware refreshes within the enterprise. We look forward to partnering with Shelly and the Sprout management team to continue their rapid growth trajectory by investing in technology, expanding the solution into related areas and pursuing M&A opportunities," Charles Phillips, Recognize Managing Partner.