Intechra Acquires Gold Circuit

Intechra Holding Corp., based in Jackson, Miss., has announced the acquisition of Gold Circuit, an Arizona-based information technology asset disposition (ITAD) company. The terms of the transaction were not disclosed.

The acquisition of Gold Circuit, with approximately $14 million in annual revenues, brings Intechra’s annualized revenues to $55 million, according to a press release issued by Intechra. 

“Gold Circuit has built a strong client base and will accelerate our ability to capture more of the recycling market, which we believe is increasingly important to our clients and prospects,” Intechra CEO Chip Slack says.

“With the strength Intechra already has in processing electronic assets for remanufacturing or remarketing, the additional recycling capability gives us a clear competitive edge,” Slack adds.

Intechra currently operates facilities in Columbus, Ohio; Dallas and Phoenix. The company’s Dallas location is capable of processing 1 million pounds of electronic assets per month. With the addition of Gold Circuit’s facility in Casa Grande, Ariz., the company gains 5 million pounds per month of capacity, bringing Intechra’s recycling capacity to 6 million pounds, or 250,000 assets, per month.

“Having significant in-house recycling capabilities reduces our reliance on downstream partners and will further enhance our ability to ensure environmental compliance,” Slack says, adding that the Intechra adheres to strict standards in mitigating data security and environmental risks for clients.

Jim Greenberg, president of Gold Circuit, founded the company in 1991. Today, the company has 81 employees at its two Arizona processing facilities.

“Becoming part of the fastest growing ITAD company in North America makes a lot of sense for Gold Circuit,” Greenberg says. “The ITAD industry is consolidating rapidly, and Intechra is driving that consolidation. Having seen them successfully integrate an even larger company this past year, I am also very confident of their ability to successfully bring the two companies together.”

Intechra merged with RetroBox in January 2006, creating what it claims is the largest vertically integrated ITAD company in the U.S.

Intechra says it plans to merge Gold Circuit’s Chandler plant into it processing facility in Phoenix. Gold Circuit’s Casa Grande plant will remain open to handle shredding and e-scrap processing for end-of-life materials. Intechra will also put processes in place at the Casa Grande facility to achieve ISO quality certification in time.  Intechra’s existing three facilities are ISO certified.

Intechra Holding Corp.’s significant investors are Chrysalis Ventures in Louisville, Ky.; Clayton Associates in Nashville, Tenn.; Votum Capital in Jackson, Miss.; WestWind Partners LLC in Quad Cities area of Illinois; and Richland Partners in Nashville, Tenn. No investor owns a majority of the company.

More information is available at www.intechra.com or at www.goldcircuit.com.