Quantum Lifecycle Partners, which operates this ITAD facility in Brampton, Ontario, recently acquired Paragon Bay Group. | Courtesy of Quantum Lifecycle Partners
An e-scrap processor is entering a new business sector by purchasing a telecommunications equipment supplier, and a major Canadian ITAD firm just got a little larger.
Sadoff Iron & Metal Co., a recycling firm with sites in Wisconsin and Nevada, on Jan. 15 announced it is acquiring Suncoast Communications. Based in Maryland with a facility in Glen Burnie, Md. and another in Dallas, Suncoast supplies buyers with “high-quality new, used and refurbished telecommunication and networking equipment, catering to every phase of telecom operations.”
Sadoff, which employs a staff of 240, in 2018 pushed further into the electronics recycling sector from a long background in metals recycling. Its e-scrap division is now known as Sadoff E-Recycling & Data Destruction.
The latest acquisition, a stock purchase covering Suncoast’s business assets and warehouse operations, marks another foray into additional business territory.
“What made this acquisition so attractive to us is that though our businesses run in parallel, there isn’t a lot of overlap in what both of our companies do,” Sadoff wrote on its website of the Suncoast deal. “Instead, there are a lot of areas where we can augment each other so that we can both serve our industries and our clients better.”
Up north in Toronto, ITAD operator Quantum Lifecycle Partners this month completed its fourth acquisition since forming five years ago.
Quantum, which came out of the 2019 merger of Shift Recycling and Global Electric Electronic Processing (GEEP), on Jan. 11 announced it acquired North Bay, Ontario-based ITAD firm Paragon Bay Group.
Paragon’s 60 employees will join Quantum, which will have a staff of more than 600 after the acquisition. Paragon brings “operational expertise in product fulfillment, testing, in-warranty repair, asset recovery and forward and reverse logistics services for electronics OEMs in Canada,” Quantum stated in its announcement.
A major processor that recycled 83.6 million pounds of e-scrap and reused nearly 410,000 assets and components during its 2022 fiscal year, Quantum calls itself Canada’s largest electronics lifecycle management company.
The company framed previous acquisitions as part of its plan to push further into asset reuse and grow its base of ITAD customers.