The Canadian operations of Global Electric Electronic Processing Inc. (GEEP) Canada, Barrie, Ontario, and The Shift Group of Cos., consisting of Shift Recycling and Revolution, based in Toronto, have merged to form Quantum Lifecycle Partners. GEEP’s USA and Central American locations are not affected by this merger.
The newly merged company is one of Canada’s most vertically integrated electronics recyclers and information technology asset disposition (ITAD) services providers, Quantum says in a news release announcing the merger.
“I am excited to bring these two organizations together under one brand and one vision with two incredible shareholder groups,” says Gary Diamond, founder of Shift Recycling and president of Quantum Lifecycle Partners. “There are synergies we will unlock to create a sustainable company for all our stakeholders, especially our team members and customers.”
The two companies will officially launch as Quantum Lifecycle Partners LP on Oct. 1. Initially, no changes in day-to-day operations will be experienced, but as Quantum begins to optimize operations, service offerings will expand for all our customers, Quantum says.
Quantum Lifecycle includes eight facilities in four provinces and more than 400 employees.
“The devices we recycle, refurbish and resell along with the [extended producer responsibility] laws under which we operate are becoming increasingly complex,” Diamond adds. “Quantum is well-positioned to tackle both of these challenges with a sustainable corporate structure and scale required to service customers from coast to coast.”