Closed Loop Partners-Led Consortium Acquires Majority Stake in Sims Municipal Recycling

Sims Metal Acquires Baltimore Scrap Corp

August 15, 2023

Environmental Services

Sims Metal, the metal recycling business of Sims Limited, has agreed to acquire the assets of Baltimore Scrap Corp and its affiliates for US$177 million plus working capital and other adjustments. The deal adds 17 facilities (including four shredders) across Maryland, Virginia, Pennsylvania, New York and New Jersey and ~600,000 tonnes per year of scrap volume, strengthening Sims' North American footprint; the transaction is expected to close in October 2023 subject to customary approvals.

Balcones Resources Acquires Single Stream Recyclers

August 6, 2020

Environmental Services

Balcones Resources, backed by Closed Loop Partners, has acquired Single Stream Recyclers (SSR), an AI-powered materials recovery facility in Sarasota, Florida. The deal is an add-on to Balcones' recycling platform to expand its footprint in the Southeast and bring advanced sorting technology (AMP Robotics) and operational expertise to SSR; terms were not disclosed.

Sims Metal Acquires Northeast Metal Traders

March 21, 2023

Industrial Services

Sims Metal, a division of Sims Limited, will acquire the commercial and operating assets of Pennsylvania-based Northeast Metal Traders (NEMT) in a bolt-on deal expected to close in mid-April 2023. The acquisition expands Sims Metal North America’s non-ferrous/copper recycling footprint in Philadelphia, adding approximately 60,000 tons per year of processed non‑ferrous metal and expected commercial and operating synergies.

Closed Loop Partners Invests in ERI (Electronic Recyclers International)

July 15, 2021

Industrial Services

New York-based Closed Loop Partners' Leadership Fund has taken an ownership stake in ERI (Electronic Recyclers International), a Fresno-headquartered IT asset disposition (ITAD) and electronics recycling company. The investment will fund ERI's expansion (North American and international), upgrades in AI and robotics, and enhancements to its proprietary tracking software while Closed Loop founder Ron Gonen joins ERI's board.

Closed Loop Partners Acquires Majority Stake in Sage Sustainable Electronics

November 1, 2023

IT Services

Closed Loop Partners, via its Closed Loop Leadership Fund, has acquired a majority stake in Sage Sustainable Electronics, a Columbus, Ohio–based IT asset disposition (ITAD) provider. The investment will provide Sage with capital and access to Closed Loop's circular-economy ecosystem to accelerate growth, expand reuse-and-recovery services, and strengthen its position in North America.

FalconPoint Partners Acquires SMS (Scrap Metal Services)

August 26, 2025

Industrial Services

FalconPoint Partners has acquired SMS (a carve-out of Scrap Metal Services LLC), a provider of outsourced steel mill services and marine vessel decommissioning, and has committed $500 million to support the business's growth, technology modernization, and acquisition pipeline. The deal positions FalconPoint to scale SMS's commercial capabilities and expand operations across the United States, Europe and South America while preserving SMS's management team and safety-first service model.