Caretta Partners acquire Oklahoma City-based ITAD company

By Paul Ploumis (ScrapMonster Author)

April 07, 2016 05:21:20 AM

SPOKANE (Scrap Monster): Private investment firm Caretta Partners has announced acquisition of Oklahoma City-based HiTech Assets- a leading asset disposition company. Although the deal was closed during March this year, the announcement of the transaction was announced during the recently concluded ISRI 2016 Convention in Las Vegas. The terms of the deal were not disclosed.

Caretta and GBT Capital announced that they have acquired a majority stake in HiTech Assets LLC and have established a long-term partnership with the company’s Founder Lane Epperson and existing senior management. In this partnership, Caretta will work with long-time technology entrepreneur and Founder George Slessman of GBT Capital, who will serve on the Board of HiTech and advise on strategy.

HiTech Founder and CEO Lane Epperson noted that the company is delighted to have found partners in Caretta and GBT Capital. “With Caretta’s and GBT’s partnership, we look forward to continuing to provide our best-in-class ITAD solutions to current clients, expanding services and markets and building a world class organization as the IT industry continues to evolve.”, he said.

“HiTech is a good example of our mission at work and we look forward to nurturing the next evolution of this exciting business.”, said Caretta's founder Erick Becker.

HiTech is one of the largest independent ITAD companies in the US. HiTech’s industry-leading solutions deliver enterprise class data destruction and sustainable technology asset disposition services that feature 100% asset reconciliation, industry leading compliance and certifications, and responsible zero waste disposition of all technology assets. Founded in 2002 and headquartered in Oklahoma City, the Company is a trusted partner of large North American enterprises across multiple industries, including many Fortune 500 companies.