Creative Recycling Systems, LLC. and Intersection, LLC. Announce Recapitalization and Strategic Partnership
Creative Recycling Systems (“CRS”) announced its recapitalization and strategic partnership with Intersection, LLC. Intersection is bringing capital, industry expertise and business-building acumen that is intended to provide step function growth of CRS. The partnership will be enabled by CRS’s strong history in environmental leadership and innovation and will be focused on market expansion, brand recognition, customer partnerships, innovation, operational excellence and overall market awareness of the critical importance of responsible electronics recycling.
Over the last 18 years, Florida-based CRS has been a leader in the development of innovative solutions for electronics products that have reached the end of their useful life with its original owners. CRS supplies small, mid-size and Fortune 100 companies, government agencies, non-profit organizations, educational institutions and concerned citizens with the best technology-based solutions for electronic equipment reuse and recycling. By providing electronic asset disposition management, data security services and by utilizing state-of-the-art processing and separation technology, CRS prevents millions of pounds of electronics from entering the world’s landfills each year.
"The Creative Recycling team has dedicated heart and soul over the last 18 years to build a world class IT asset management and lectronics recycling company. We are so excited to partner with the Intersection team to scale our platform globally. Intersection has tremendous relevant experience, will be excellent partners for Creative, and they share a similar passion for excellence in environmental stewardship. Our future together will be rewarding, exciting and fun”, said Jon Yob, CRS’s CEO.
“We have been exploring, engaging and committing ourselves to the electronics recycling market for quite some time through the collaboration with a true market-making partner. We have found such a partner in CRS and feel privileged to engage in the growth journey with the CRS team”, added Rich Rakowski, principal at Intersection.
About Intersection, LLC
Intersection, LLC is a business-building sponsor and partner of companies that operate in the renewable resources and healthcare verticals. Intersection’s model is to identify and implement seminal events that drive step-function value creation that enhances valuation metrics/multiple. Intersection was one of the founders of ReCommunity, the nation’s largest pure play municipal solid waste recycling company. For more information: www.intersectionpartners.com.