Private equity firm Closed Loop Partners recently released its 2024 impact report, which included a summary of its work in electronics recovery.
The firm has built a portfolio of electronics reuse and recovery companies along the eastern seaboard, according to the report. Throughout 2024, the group continued its “buy-and-build” strategy, completing bolt-on acquisitions of electronics repair and IT asset disposition (ITAD) businesses, to develop a holistic platform to bring electronics recovery solutions to scale.
Closed Loop Ventures has invested in companies that tackle metals and electronics recovery further up the value chain — accelerating smart disassembly and processing by way of robotics and artificial intelligence.
The East Coast investments have included:
- Apkudo in Baltimore, Maryland
- Cascade Asset Management in Orlando, Florida
- Electronics Recycling International (ERI) in Queens, New York, and Lincoln Park, New Jersey
- Molg in Sterling, Virginia
- Relectro in Telford, Pennsylvania
- Sage Sustainable Electronics in Philadelphia, Pennsylvania
- VALIS in Worcester, Massachusetts
Closed Loop also has increased its footprint in the American Southwest, building and operating facilities that manage materials including consumer electronics.
The firm will continue to expand its financing platforms, corporate partnerships and infrastructure projects over the next decade, it said in the report.
Founder and CEO Ron Gonen emphasized the importance of local and regional systems that can be scaled nationally, calling that approach critical to accelerating circularity in the US.
“As we enter the next decade, the intersection of economic opportunity and environmental resilience has never been more critical,” he said. “We are doubling down on our mission to accelerate the transition to a circular economy — one that is profitable, sustainable and built to last.”
The report comes at a time of growing attention to domestic supply chains, landfill capacity constraints and new policy interest in circular economy initiatives. Industry analysts have estimated the global circular economy could represent $4.5 trillion in economic value by 2030, according to a UN Trade and Development report.
