Quantum Lifecycle Partners LP Acquires Paragon Bay Group Inc.

TORONTO--(BUSINESS WIRE)--Quantum Lifecycle Partners LP, Canada's largest electronics lifecycle management company, is pleased to announce its acquisition of Paragon Bay Group Inc. based in North Bay, Ontario. Paragon Bay brings operational expertise in product fulfillment, testing, in-warranty repair, asset recovery, and forward and reverse logistics services, for electronics OEMs in Canada. This marks Quantum’s fourth acquisition since its formation in 2019.

Sixty Paragon Bay employees will join the Quantum family, signalling a major growth in the workforce for the electronics reuse and recycling industry leader, now with over 600 employees.

With this strategic acquisition, Quantum enhances its service capabilities of in-warranty repair, 3PL logistics and IT device maintenance, further extending the lifespan of electronics before disposition.

Gary Diamond, President of Quantum, expressed, “At Quantum, our vision continues to be to improve at every stage of an electronic device’s life, striving to enhance its usability and increase its lifespan. With the addition of Paragon Bay to our family, we not only expand our capabilities but also reinforce our commitment to providing comprehensive sustainable electronics lifecycle management solutions.”

“We look forward to building on the great relationships that the team at Paragon Bay has established. We are confident that it is a win-win-win for Paragon Bay associates, Quantum, and our customers who are focused on circularity and sustainable management of their device lifecycle,” stated Mark Shanahan, V.P. Sales & Marketing at Quantum. “Our increased ability to provide unique and bespoke solutions will translate to added partner benefits.”

About Quantum Lifecycle Partners LP

Quantum is both an I.T. Asset Disposition company and an E-Waste Recycling service provider. With over 35 years of corporate history, a national footprint, commitment to the environment, and robust systems and processes, Quantum develops customized solutions for clients across all sectors.

About Paragon Bay

Paragon Bay, based in North Bay, Ontario, specializes in testing, in-warranty repair, asset recovery, and forward and reverse logistics for electronics OEMs. With a team of over 60 experts, Paragon Bay excels in remanufacturing and asset recovery, offering cost-effective and sustainable solutions for diverse client needs.