Intechra Merges with Retrobox

Intechra Holding Corp. and RetroBox LLC have announced a merger agreement which the companies say will create the largest full-service information technology asset disposition company in the United States with annual revenues of approximately $40 million. The combined company will operate as Intechra.

At completion of the merger, the terms of which were not disclosed, Intechra will have processing centers in Columbus, Ohio, Dallas and Phoenix. The company will be headquartered in Dallas and will have sales offices in 10 cities.

Intechra is a full-service IT asset disposition company with $22 million in revenue and more than 125 employees at its Dallas processing center. Founded in 1987 as Resource Concepts Inc., the company offers IT asset recycling and data destruction and remarketing services to corporate customers. It sells brand-name refurbished computer equipment through Outlet Computer (www.outletcomputer.com) and a network of domestic and international resellers. Intechra is a wholly owned subsidiary of Intechra Holding Corp. of Jackson, Miss.

RetroBox is an information technology asset disposition company specializing in the retirement, redeployment, remarketing and recycling of desktop computers, notebooks, servers, networking equipment and associated peripherals.

“Both Intechra and RetroBox have a strong track record in a young but rapidly growing industry,” Lynn C. (Chip) Slack Jr., Intechra CEO, says. “The industry has reached a level of development and the customers’ needs have grown to the point where it makes sense on many levels to create a company with a size and scale that can take maximum advantage of the significant market potential.”

Stampp Corbin, RetroBox’s founder and chief executive officer, says the companies complement each other in many ways.

“Intechra and RetroBox have distinct sales channels and strong customer bases with little duplication,” Corbin says. “While Intechra sells primarily through computer manufacturers and wholesalers, RetroBox for the most part sells directly to Fortune 1,000 companies. In essence, we have complementary geographic markets that will improve customer service.”

Corbin will become Intechra’s chief strategic officer.

“In addition to merging with a solid company, we get the added benefit of Stampp’s passion for and knowledge of the industry as we grow the business together,” Slack says.

Cindy Brannon, who joined Intechra in late 2004, has been named COO. Prior to joining Intechra, she was with Compaq for 17 years and served as general manager for the company’s $350 million remarketing and remanufacturing division.

“Retired IT assets are fraught with data security and environmental issues,” Brannon says. “Intechra is able to offer customers a level of confidence thanks to liability indemnification, guaranteed security and disposition reporting for all IT assets.”

She adds, “Three geographically dispersed processing centers will give our customers significant savings on shipping and ensure their remarketed assets get to market faster.”