Chrysalis Ventures

< Back

FOR IMMEDIATE RELEASE

CONTACTS:

Brannan Atkinson

(615) 320-7532

Intechra Finalizes Multi-Company Acquisition
Unmatched in Size, Scale, Geographic Reach

Jackson, Miss. (February 1, 2007) – Intechra, the nation’s largest information technology asset disposition (ITAD) company, today announced the completion of its acquisition of three companies from Chasm Holding Corp. The acquisitions give Intechra unmatched size, scale and geographic reach among ITAD companies in the United States. The three companies now part of Intechra are:

EPC, Los Angeles, Calif.
Market2Market, Columbus, Ohio
SpaceFitters, Hartford, Conn.

These companies complement Intechra’s existing operations in Columbus, Ohio; Dallas, Texas; Casa Grande, Ariz.; and Phoenix, Ariz.

The processing centers in Hartford, Columbus, Dallas, and Phoenix handle remanufacturing and remarketing and can process about 335,000 assets each month, including computers, monitors, laptops, routers, servers, etc. The recycling centers in Casa Grande and Los Angeles and a recycling operation in the Dallas facility can together recycle about nine million pounds of electronic assets per month.

“Combining the capabilities and employees of these companies with Intechra creates a powerful vertically integrated company with a full complement of remarketing, recycling and refurbishment services. We are particularly excited about our added recycling capability because environmental compliance is becoming more important to our clients,” said Chip Slack, Intechra CEO.

Intechra is the only ITAD provider to be vertically integrated and have locations from coast to coast. Geographic proximity reduces shipping costs for clients while increasing speed to market for remarketed assets. Intechra, which adheres to stringent quality standards, will ensure processes at its newly-acquired facilities uniformly adhere to Intechra’s standards and achieve ISO quality certification. Intechra’s facilities in Dallas, Phoenix and Columbus are already ISO certified.

Institutional investors in Intechra Holding Corp. include Chrysalis Ventures in Louisville, Ky.; Clayton Associates in Nashville, Tenn.; First Avenue Partners in Nashville, Tenn.; Oxford Bioscience Partners in Boston, Mass.; Richland Ventures in Nashville, Tenn.; and SJF Ventures in Durham, N.C. No investor owns a majority of the company.

####

< Back