New Capital Partners invests in SMR Worldwide

New Capital Partners (NCP), a private equity firm based in Birmingham, Alabama, has announced it has partnered with SMR Worldwide, a R2 certified provider of ITAD (information technology asset disposition) and electronics recycling solutions headquartered in Charlotte, North Carolina.

Originally formed in late 2014 out of a Duke University dorm room by co-founders Shelly Li and Arun Karottu, SMR attributes its success to its unique vision: transforming yesterday's technology into the supply chain of tomorrow. Operating with a dedication to its core values, SMR Worldwide provides an array of software-driven solutions, including data destruction, decommissioning, redeployment, remarketing, recycling and more.

SMR Worldwide grew from a single location in 2014 to three facilities over five years, and the company was named to the 2019 Inc. 5000 list of the fastest-growing privately held companies in America in August.  SMR plans to add new facilities, introduce innovative solutions and expand its capabilities to service the growing needs of its customers, the company says in a news release.

"We are pleased to partner with Shelly Li and the SMR team to build on their tremendous success,” says Paul Pless, principal at New Capital Partners. “SMR meets a critical need in the market – delivering software-driven ITAD solutions with best-in-class transparency and analytics to a diverse group of Fortune 1000 customers. With what this team has already accomplished in its short history, we believe that the future is very bright for SMR."

Shelly Li, co-Founder and chief executive officer of SMR, says, "New Capital Partners' solid track record of empowering owner-operators resonated with the SMR team. We look forward to a partnership that will further our value-added impact on behalf of our customers, our employees, our industry and the Earth."