TechnoCycle Has Been Recapitalized by May Creek Capital


HOUSTON, TEXAS (May 18, 2021) – Statesman Corporate Finance, LLC (“Statesman”) is pleased to announce that IT Remarketing, Inc. DBA TechnoCycle (“TechnoCycle”), has been recapitalized by May Creek Capital. Statesman served as the sell-side financial advisor to TechnoCycle on the transaction, which closed April 1, 2021.

TechnoCycle is a 23-year-old, family-owned company that has developed systems and processes to become a leader in the growing e-waste recycling and secure data management industry based in Houston, Texas.
TechnoCycle serves corporate and government clients in the disposition of their electronic assets. IT Asset Disposition is the recycling or reselling of obsolete or unwanted electronic equipment in a safe and environmentally-responsible manner, and the handling and destruction of private data in compliance with government regulations. Equipment categories include computers, servers, monitors, peripherals, data storage, networking, telecom, copiers, printers, TVs, cables, ink and toner cartridges, batteries, etc.
“The Statesman team took such good care of us in this process. This was not a ‘transaction’ for them, rather it was a relationship they continually built with us to advocate our interests through every phase of the process.  They simplified seemingly complex details into easily understood context and decision points. I can’t speak highly enough of the team that included Jim Briggs, Anthony Hernandez, and Will Jaco. Their reputation is well earned.” – Mike and Billi Jo Buckles, Owners.

About the other transaction participants

Statesman Corporate Finance, LLC (Houston & Austin, TX) is the FINRA-licensed broker dealer affiliate of Statesman Business Advisors, LLC. With offices in Houston and Austin, Texas, Statesman is a leading middle-market investment banking firm providing merger and acquisition, capital formation, valuation, and other general corporate financial advisory services to middle-market companies. Jim Briggs, Director, with support from Peter Chiu, Vice President and Anthony Hernandez, Analyst served as the advisor to TechnoCycle on this transaction.

May Creek Capital (Nashville, TN) is a family-owned private investment company that actively invests in a diversified portfolio of assets that includes real estate, private equity, public securities and health care.

BoyarMiller (Houston, TX) provided legal counsel to TechnoCycle led by Founding Shareholder Bill Boyar, and Associates Corinne Sullins Davis and Adebola Akisanya.

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