- Period: January 2024
- Category: Acquisition
While this next transaction did not take place in the United States, but in eastern Canada, its geographical proximity to the northeast US makes interesting to track. The transaction involves one of Canada’s biggest ITAD vendor, Quantum Lifecycle Partners, confirming its acquisition of Paragon Bay Group, located in North Bay, Ontario. In doing so, Quantum takes over a company, which core activities include product fulfillment, testing, in-warranty repair, asset recovery, and forward and reverse logistics services. These services are both used during IT assets’ primary lifecycle and during the disposition phase. Quantum’s acquisition move is likely related to the number of communities it serves. From CS’ perspective, Quantum operates in 19 Ontario communities including the major cities of Toronto and Ottawa. The need for more facilities is probably related to the company residential business, with the company offering dropoff locations that facilitate the acquisition of IT equipment.