Reverse logistics company QGistix acquires Green Wave Computer Recycling
QGistix, an Atlanta-based reverse logistics company, has acquired Green Wave Computer Recycling, based in Indianapolis, for an undisclosed price.
The combined company will operate as Green Wave Electronics, which will offer a full suite of solutions for overstock, failed, and scrap electronics.
Green Wave Computer Recycling is engaged in helping organizations in recycling their e-waste and destroy data-containing items. The company caters to businesses, government agencies, organizations, solid waste districts, and the general public provides with complete, auditable, and e-waste recycling solutions.
Mark Sherman — CEO of QGistix said: “Since inception, both QGistix and Green Wave Computer Recycling have been dedicated to a zero-waste business model and have focused on the 100% reuse or recycle of electronics. This was the motivation behind the decision to name the combined company Green Wave Electronics and retire the QGistix brand name.”
QGistix, on the other hand, operates various business units, that are engaged in handling their clients’ inventory of electronics. The business units manage return merchandise authorization (RMA) returns of failed parts, repair and refurbishment, test, advanced replacements, distribution, centralization and redistribution of inventory, and e-commerce sales of overstock, open-box, and refurbished product.
Michael Hiday — co-founder of Green Wave Computer Recycling said: “There are multiple synergies from this transaction, but most importantly, this acquisition will enable us to efficiently expand our e-waste collection footprint from the Midwest to now service school districts, corporations, and solid waste districts in the Southeast.
“We are very excited about the shared vision of our companies and look forward to adapting the best practices from each team.”