Wisconsin-based Cascade Asset Management and Ohio-based Sage Sustainable Electronics are planning to merge, an ITAD sector milestone. | Damrong Rattanapong
Cascade Asset Management and Sage Sustainable Electronics are planning to merge, with company leaders saying more details will be released in the future.
Wisconsin-based Cascade and Ohio-based Sage plan to operate independently for the time being, according to an announcement on Cascade’s website. A Compliance Standards analysis noted that the merger will expand the geographic reach of the two companies, enhance service offerings and create “a more competitive entity capable of securing enterprise contracts in key sectors.”
Cascade has processing facilities in Madison, Wisconsin, Indianapolis and Orlando, Florida. In 2023, it serviced 42 states and Puerto Rico, with most of its business concentrated in the Midwest.
Sage Sustainable Electronics acquired Pennsylvania-based electronics repair and refurbishment company Relectro in October, aided by Closed Loop Partners. Closed Loop Partners became a majority shareholder of Sage in 2023.
Sage operates ITAD processing centers in Montgomeryville, Pennsylvania; Columbus, Ohio; and Reno, Nevada, with an overall capacity of about 1.3 million units per year.