S3 Recycling Solutions is growing strategically, adding both a building and a chief operations officer.
Rod McDaniel, S3’s CEO, told E-Scrap News that the company has been growing “at a rapid rate the past few years and it’s time to shore up those processes.”
McDaniel said the role of the COO, which will be filled by John Revetti, is to focus on improving some internal flows “so we can continue to climb. We don’t want to grow ourselves out of business.”
S3 Recycling Solutions is a Tennessee-based e-scrap and ITAD company with an emphasis on sorting, repurposing and remarketing electronic assets.
The 78,000 square feet of warehouse space it just purchased in Springfield, Tenn. is right next to its current 75,000-square-foot operation, McDaniel said. It was a multimillion-dollar purchase that came about as the owners of the business park looked to get out of real estate, he added.
“Both buildings sit on 10-plus acres so it’s twofold for us,” McDaniel said. “We are using the building as leverage for continued growth and also for the possibility of moving into [it].”
“There are already talks about equipment to buy to speed up our processes.”
–Rod McDaniel, CEO, S3 Recycling Solutions
There is currently a tenant in a portion of the building, he added, so S3 will likely wait a few years to move any operations into the space.
“We wanted to go ahead and snag up the real estate, as we were already talking about growing,” he said.
That growth comes from current clients and the potential for new clients, McDaniel said, because there are several large contracts S3 has in the works, including one with a large health care company based on the west side of the country.
“We’ve got a pretty big pipeline of clients nationwide, so we need to be looking at the future as far as space goes,” he added.
Right now, S3 processes about 20,000 devices per month, and doubling its working space could double that volume, McDaniel said, but having Revetti dedicated to directing and improving operational efficiencies will likely allow for even more processing volume.
“I think we’ll be able to do more and find more value in the things that we do and automate some things,” he said. “There are already talks about equipment to buy to speed up our processes. I think all around, it’s a good time right now for us.”
