Ivy Technology, a portfolio company of Staple Street Capital that provides technology lifecycle services and infrastructure solutions, today announced the acquisition of ISP Tek Services LLC, an IT asset disposition provider, from Close the Loop (ASX: CLG). This strategic acquisition expands Ivy’s IT asset disposition capabilities, adding secure asset recovery, refurbishment, and resale services while extending Ivy’s operational footprint into Mexico.

Scott Greer, CEO of Ivy, added, "The acquisition of ISP Tek Services enhances Ivy's service offering and strengthens our position in the IT asset lifecycle market. The combination of capabilities supports a more connected, end-to-end approach, delivering increased value for our customers, partners, and stakeholders."

Matthew Zimmer, CEO of ISP Tek Services, commented, "Joining Ivy Technology marks an exciting next step for our business, expanding our service offerings and global reach while creating immediate value for our customers and OEM partners. Together with Ivy Technology, our team is well-positioned to continue building a best-in-class ITAD and refurbishment portfolio worldwide."

The partners at Staple Street Capital stated, “We believe that the strategic acquisition of ISP Tek combines Ivy's global platform with ISP Tek's established asset disposition and certified refurbishment capabilities, enabling Ivy to better serve its customers across the full technology lifecycle while accelerating ISP Tek's growth trajectory.”

About Ivy Technology

Ivy Technology is a leading global provider of aftermarket services and lifecycle solutions for technology companies. The company supports OEMs and enterprises across industries including telecommunications, data center and hyperscale, enterprise technology, industrials, and healthcare by helping them build, deploy, manage, and sustain critical technology infrastructure. Ivy’s specialized expertise in repair, refurbishment, reverse logistics, certified pre-owned equipment sales, IT asset disposition (ITAD), and field services, enables customers to grow sales, manage aftermarket channels more effectively, and achieve their sustainability goals. For more information see www.ivytech.com.

About ISP Tek Services LLC

ISP Tek Services, LLC is an IT asset disposition (ITAD) and remarketing services provider specializing in high volume processing, testing, grading, refurbishment, and resale of end user technology including laptops, printers, and accessories. The company supports enterprise and consumer technology programs through established e-commerce and partner channels and delivers OEM-aligned, certified refurbished workflows that help maximize recovery value while enabling trusted reuse outcomes. Close the Loop Group USA, Inc. is the owner of ISP Tek and is selling ISP Tek to Ivy Technology.

About Staple Street Capital

Staple Street Capital is a leading private equity firm that invests in market-leading businesses where there are transformational opportunities to create value. Staple Street Capital helps companies capitalize on new opportunities to build stronger, more valuable businesses. For more information see www.staplestreetcapital.com.

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