Ivytech

Plano, TX — [Month Day, 2026] — Ivy Technology, a global provider of technology lifecycle services, announced today the acquisition of ISP Tek Services LLC, an IT asset disposition provider, from Close the Loop.

The acquisition expands Ivy’s IT asset disposition capabilities, adding secure asset recovery, refurbishment, and resale services while extending the company’s operational footprint into Mexico. The addition strengthens Ivy’s ability to support enterprise and consumer technology programs with greater scale, flexibility, and execution discipline.

ISP Tek Services brings established experience across consumer returns, direct buy, and certified refurbished workflows, with long‑standing support for a leading global OEM. These capabilities complement Ivy’s existing lifecycle services and enhance the company’s ability to deliver consistent, well‑governed outcomes at end of use.

Scott Greer, Chief Executive Officer of Ivy Technology, said “the acquisition of ISP Tek Services enhances Ivy’s service offering and strengthens its position in the IT asset lifecycle market. He emphasized that the combination of capabilities supports a more connected, end-to-end approach, delivering increased value for customers, partners, and stakeholders.”

CTL North America CEO Matthew Zimmer said, “joining Ivy Technology marks an exciting next step for our business, expanding our service offerings and global reach while creating immediate value for our customers and OEM partners. Together with Ivy Technology, our team is well-positioned to continue building a best-in-class ITAD and refurbishment portfolio worldwide."

The transaction follows leadership and operational improvements within ISP Tek Services, creating a strong foundation for integration into Ivy’s global service model. As part of Ivy, the business will benefit from the company’s operational rigor, global footprint, and continued investment in execution and growth.

Key strategic benefits of the acquisition include:

• Expanded IT asset disposition capacity within Ivy’s global services platform
• Strategic geographic coverage supporting cost efficiency and operational flexibility
• Deeper engagement with a leading global OEM across asset recovery and resale programs
• Enhanced ability to deliver secure, compliant, and predictable outcomes for customers

By expanding its ITAD capabilities within a single, integrated platform, Ivy enables customers to simplify asset disposition operations, reduce risk, and maintain confidence in execution across global programs.

About Ivy Technology

Ivy Technology is a global provider of advanced technology lifecycle and infrastructure services. The company supports customers across industries including telecommunications, hyperscale, enterprise technology, and healthcare by helping them build, deploy, manage, and sustain critical technology infrastructure.

Through its integrated services portfolio, Ivy Technology plays a key role in the circular economy —extending product lifecycles, maximizing asset value, and reducing environmental impact while enabling organizations to operate more efficiently. 

Ivy Technology is a portfolio company of Staple Street Capital. For more information, visit www.ivytech.com. 

About ISP Tek Services LLC

ISP Tek Services, LLC is a technology asset disposition (ITAD) and remarketing services provider specializing in high‑volume processing, testing, grading, refurbishment, and resale of end‑user technology including laptops, printers, and accessories.

The company supports enterprise and consumer technology programs through established e‑commerce and partner channels and delivers OEM‑aligned certified refurbished workflows that help maximize recovery value while enabling trusted reuse outcomes. ISP operates a strategically located facility in Mexico that supports customers and partners across North America and LATAM.

Close the Loop Group USA, Inc. is the owner of ISP and is selling ISP to Ivy Technology.