Ivy Technology, backed by Staple Street Capital, acquired ISP Tek Services, a Southlake, Texas IT asset disposition firm. ISP Tek Services, led by CEO Matthew Zimmer, handles high‑volume processing, testing, grading, refurbishment and resale of laptops, printers and accessories. The deal transfers ownership from Close the Loop to Ivy, expanding Ivy’s lifecycle services footprint. The transaction underscores Ivy’s aggressive growth agenda.

The acquisition bolsters Ivy’s portfolio of technology lifecycle offerings, which already include data center infrastructure and managed services. By adding ISP Tek’s refurbish‑and‑resale capabilities, Ivy can capture more value from end‑user equipment, a segment growing as enterprises seek cost‑effective recycling. The move also gives Ivy a stronger presence in the Texas market, aligning with Staple Street’s strategy to consolidate fragmented ITAD providers.

Investors will watch how the combined entity leverages scale to improve margins, since IT asset disposition typically operates on thin spreads. The deal, undisclosed financially, signals confidence in the resale market’s profitability amid rising electronic waste regulations. With Staple Street’s backing, Ivy is positioned to drive tighter integration across its service chain and potentially explore further roll‑ups. The combined platform may attract larger corporate deals.