Generational Equity advises Green Wave Computer Recycling on its sale to QGistix
DALLAS – (COMMERCIAL THREAD) –Generational equity, a leading private company M&A advisor, is pleased to announce the sale of Green Wave Computer Recycling to QGistix, LLC. The acquisition was completed on August 20, 2021. The combined company will be renamed Green Wave Electronics, LLC.
Green wave computer recycling (GWCR), located in Indianapolis, Indiana, helps organizations properly recycle their electronic waste and destroy items containing data to ensure security. They offer complete and verifiable electronic waste recycling solutions for businesses, organizations, government agencies, solid waste management districts and the general public.
Located in Atlanta, Georgia, QGistix operates several business units focused on managing their customers’ electronic product inventory. These business units are responsible for managing RMA returns of defective parts, testing, repair and refurbishment, advanced replacements, distribution, inventory centralization and redistribution, and sales in overstock, open box and refurbished product line.
Michael Hiday, co-founder of Green Wave Computer Recycling, said, “There are multiple synergies from this transaction, but more importantly, this acquisition will allow us to effectively expand our Midwestern e-waste collection footprint for now. serving school districts, businesses and solid waste districts in the South East. We are very excited about the shared vision of our companies and look forward to adapting best practices from each team. ”
Mark Sherman, CEO of QGistix, said: “Since their inception, QGistix and Green Wave Computer Recycling have been dedicated to a zero waste business model and have focused on 100% reuse or recycling of electronics. This was the motivation behind the decision. to name the combined company Green Wave Electronics and remove the QGistix brand name. ”
With a workforce of over 250 employees, operating in 300,000 square feet of facilities, Green Wave Electronics can now continue to expand its capabilities and geographic footprint, to provide comprehensive electronics lifecycle management.
Generational Equity Executive Managing Director M&A – Central Region, Michel goss and his team, led by the Vice President, Mergers and Acquisitions, Jon LePage, successfully closed the transaction. Chairman and CEO Eric Colton established the initial relationship with GWCR.
“The merger of Green Wave Computer Recycling and QGistix is a perfect marriage. The marriage of these two great companies brings both scale and geographic reach from its strategic locations in Indianapolis and Atlanta, ”said LePage.
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With more than 250 professionals located across North America, the companies help business owners unleash their business wealth by providing growth advisory, merger, acquisition and wealth management services. Their six-step approach includes strategic and tactical growth advice, exit planning training, business valuation, value improvement strategies, M&A transactional services and wealth management.
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