Nascent ITAD company Paladin EnviroTech is continuing its expansion, moving into four US states and finalizing arrangements in Asia and Europe as the company nears its one-year anniversary.
Florida-based Paladin, which provides IT asset management and recycling services, is bringing its total global footprint to about 600,000 square feet.
Paladin acquired a shredding and mechanical processing facility near Phoenix that will serve much of the Southwest. The company also recently opened sites in Columbus, Ohio; Dallas, Texas; and Lacey, Washington. These sites will serve as regional collection hubs and give the company national reach to capture, process and recover high-value rare earth materials.
“Scaling domestic processing capacity is increasingly recognized as critical to keeping high-value materials within US supply chains,” said Bill Vasquez, Paladin COO. “Across industry and government, there’s a growing focus on building resilient, onshore infrastructure — and that starts with solving for the last-mile of e-waste, where too much material still leaks out of the system, and supporting domestic hyperscalers in meeting their ESG goals.”
Also this week, Paladin shored up its supply chains overseas. The company signed a strategic initiative with Daeheung M&T of South Korea to deploy rare earth recycling capabilities into its existing hydrometallurgical processing operation. The deal will also allow the companies to explore pathways to commercialize recovered materials.
Paladin is simultaneously expanding its European footprint through the acquisition of R&L Recycling in the Netherlands. This will serve as a company hub for mineral recovery and processing across Europe in the commercial and defense-aligned supply chains.
All told, the company has invested $85 million to build out its global network since launching last July. Through a company spokesman, leadership said Paladin is in line with its initial investment targets, but growth above those investments has been better than forecasted. Growth has been driven by new customer acquisition and increased demand from existing customers, with strong demand across core offerings.
The company plans to invest more in infrastructure, technology and procurement, to support long-term growth and improve material recovery. Continued expansion will be funded by the initial $125 million investment from SER Capital Partners.
“As we scale, our primary focus remains on supporting our current client base while strategically expanding our processing capabilities, logistics network and downstream supply chain partnerships,” the company said in a statement. “Future expansion will remain customer-driven and focused on opportunities that strengthen our global footprint and enhance our ability to deliver secure, compliant, and sustainable material recovery solutions.”
