Continued double-digit growth accelerates Sage's next phase of growth to advance a circular economy for IT assets and electronics.

Sage Sustainable Electronics, the nation’s leading enterprise IT Asset Disposition (ITAD) company, announced new executive appointments as part of a three-year plan to expand the company's platform for electronics circularity, meeting growing industry demand.

Sage, a portfolio company of Closed Loop Partners, was founded in 2014 with a mission to make the world more sustainable and build more enduring supply chains by extending the life of electronics—through reuse, repair, and recycling solutions for leading technology companies.

As the company moves forward toward its next phase of growth, Sage co-founder Robert Houghton will now serve as Chairman of the Board. “Over the last 10 years, we built a strong foundation and made significant progress toward Sage's vision." The Board we formed with Closed Loop Partners in 2023 has provided meaningful partnership and support, bolstering our momentum and guiding the company forward,” said Houghton. “My full-time role as Chairman will facilitate Board efforts to support execution of Sage’s long-term strategic plan,” he said.

Cascade Asset Management founder, Neil Peters-Michaud, was appointed as Sage's incoming CEO. He brings decades of industry experience as former CEO of Cascade Asset Management for 25 years until the company’s acquisition by Sage in 2025. Peters-Michaud stated, “I found that Sage and Cascade shared a culture of sustainability and customer centricity.” The strong alignment between Sage and Cascade has contributed to the success of the integration project he led for Sage over the last year, according to Peters-Michaud.

Brian Itterly, founder of Touchstone Wireless and founder of Relectro, also joins Sage's Board of Managers, helping Sage management scale reuse services, emphasizing that "Sage is a one-stop solution for repair and ITAD.”

Sage has averaged strong double-digit growth since its founding and plans to continue that pace with the company's new leadership team.

According to Houghton, “We look for customers that value security, sustainability, and rigorous asset management—all Sage core competencies.” He added, “Combined with our customer focus, those priorities are the foundation for real partnerships and sustainable growth.”

"We look forward to supporting Sage's team through this next phase of growth as they expand their capacity and enable resilient and continued growth," said Jackson Pei, Managing Director and Co-Head of Closed Loop Private Equity. "This transition reflects both the strength of its leadership foundation and its ambition for the future. Amidst growth industry demand, Sage is well positioned to continue advancing a robust circular economy for electronics."

Correction 4/29/2026: Brian Itterly was originally reported as the co-founder of Relectro; he was the founder.

‍‍‍About Sage Sustainable Electronics

Based in Columbus, Ohio, Sage is a leading provider of IT asset lifecycle services, securely and sustainably refurbishing used IT assets. Co-founded in 2014 by CEO Bob Houghton, Sage’s platform has expanded to include seven facilities across six states, processing over one million assets annually. Sage extends the useful life and increases the recovery value of IT assets for its clients, which include Fortune 100 companies across various industries, including financial services, healthcare, and defense.

In 2023, Sage was acquired by Closed Loop Partners, a circular economy-focused investment firm, positioning the company for increased growth. In 2024 and 2025, Sage completed follow-on acquisitions of leading ITAD companies Relectro and Cascade Asset Management, further expanding its platform and establishing its position as a leading provider of sustainable ITAD services in North America.