Comerica Bank will provide ERI the largest credit facility in ERI’s 16-year history. Specific details of the financing were not disclosed.
“After year upon year of steady growth, the demand for our unique capabilities and innovative technology and services has pushed us into an accelerated growth mode once again,” said John Shegerian, ERI’s co-founder and executive chair. “It’s good to be working with our friends at Comerica – a forward-looking, sustainable financial services organization to begin with. Plus, they happen to also be the world’s leading bank in the environmental services sector, so it makes sense that we’d turn to them for our financing needs.”
“Through innovation, ERI has already transformed how businesses in the United States recycle electronic waste,” said Joseph Ursuy, senior vice president and manager of the Environmental Services Department at Comerica Bank. “We are excited to partner with them as they continue to innovate and lead their industry to meet the pressing ITAD and data destruction needs of businesses all over the world.”
ERI de-manufactures, recycles and refurbishes every type of electronic device in an environmentally responsible manner.
