Closed Loop Partners Acquires Sutter Metals

Closed Loop Partners has acquired a majority interest in Sutter Metals, a provider of metals recycling and scrap processing services.

Sutter Metals provides collection, sorting, and preparation services for ferrous and nonferrous materials used in remanufacturing. The company processes a range of inputs, including aluminum, copper, brass, and stainless steel scrap, as well as large industrial equipment sourced from aerospace, automotive, and electronics companies. The company also handles complementary recyclable commodities such as aluminum cans and cardboard, supplying processed feedstock to mills, foundries, and brokers.

Customers of the company include industrial manufacturers, scrap generators, and commercial vendors seeking to monetize and recycle surplus materials. Sutter Metals was founded in 2009 by CEO Chad Sutter and is headquartered in Tacoma, Washington.

“For decades, our team has worked to build a trusted, resilient metals management platform that serves generators, manufacturers and communities across the region. Partnering with Closed Loop allows us to accelerate our mission, expand our infrastructure and strengthen domestic metals supply chains at a time when localized processing is critical,” said Mr. Sutter. “We look forward to entering this next chapter with a partner who shares our commitment to operational excellence, environmental stewardship and the circular economy.”

Closed Loop invests in the circular economy – a system where products and materials are reused, repaired, and recycled to reduce waste – through several strategies including venture capital, private equity, and credit. The firm’s buyout strategy focuses on acquiring and growing companies across sectors including plastics, packaging, food and agriculture, circular technology, and textiles.The circular economy industry is gaining momentum as companies and investors seek to reduce waste and decouple growth from resource consumption. According to a 2024 report by the Ellen MacArthur Foundation, the global circular economy could generate $4.5 trillion in economic benefits by 2030 through waste reduction, efficient resource use, and new business models.

“Sutter Metals has established itself as an experienced and strategically located operator with strong customer relationships and a proven track record to strengthen metals processing and circularity in the U.S. Their platform aligns with our vision at Closed Loop Partners to build resilient, circular supply chains across North America,” said Jackson Pei, a managing director and co-head of Closed Loop.

“We are proud to back Sutter Metals in their next phase of growth, as we see significant opportunities to bolster circular metals management processing and services across the value chain. Our investment in metals processing marks a step forward in our work to scale platforms that are fundamental to the circular economy,” said Daniel Phan, a managing director and co-head of Closed Loop.

“Our team at Closed Loop looks forward to supporting Sutter Metals’ expansion, leveraging our network of corporate partners, and advancing scalable solutions that increase domestic processing capacity for critical materials,” said Ron Gonen, founder and chief executive of Closed Loop.

Closed Loop’s current investor base includes KIRKBI, BlackRock, Realdania, Nestlé, Microsoft, PepsiCo, and Unilever, as well as other corporate and institutional partners and global family offices. The firm was founded in 2014 and is based in New York City.

J.P. Morgan Securities was the financial advisor to Closed Loop on this transaction.