en.Wedoany.com Reported - Closed Loop Partners, a New York-based investment firm, has entered the metal and mineral recycling market by acquiring a majority stake in Sutter Metals, based in Washington State, USA, through its private equity division. Sutter Metals is a founder-led company specializing in metal recycling and processing, with operations in Tacoma, Centralia, and Lacey.

The acquisition aims to support Sutter Metals in expanding its processing capacity and service offerings across the United States to meet the growing domestic demand for metal processing. Since its founding in 2009, the company has evolved from a used automotive parts supplier into a comprehensive metal management solutions provider, serving industries such as aerospace, automotive, and electronics.

Jackson Pei, Managing Director of Closed Loop Private Equity, stated, "Sutter Metals demonstrates significant potential to strengthen U.S. metal recycling through its strategic footprint and strong customer relationships. Its platform aligns closely with our goal of building circular supply chains." Chad Sutter, CEO of Sutter Metals, noted, "Partnering with Closed Loop Partners will accelerate our infrastructure expansion and enhance the resilience of domestic metal supply chains during a critical time."

Closed Loop Partners indicated that Sutter Metals will pursue a growth strategy combining acquisitions and new construction, supported by operational expertise from the investor's ecosystem. J.P. Morgan Securities LLC acted as financial advisor for the transaction. Closed Loop Partners will continue to seek scalable circular economy investment opportunities in areas such as plastics, food, and circular technologies.

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