Ivy Technology, a prominent player in the aftermarket services sector and a portfolio company of Staple Street Capital, has officially announced its acquisition of PureWrx, Inc., a notable provider of certified pre-owned (CPO) programs tailored for established technology Original Equipment Manufacturers (OEMs). This strategic move, which was revealed on October 21, 2025, is set to significantly bolster Ivy’s service offerings, catering to its global clientele by integrating PureWrx’s established practices in OEM-aligned services.
### Acquisition Details and Strategic Intent
Founded in 2012, PureWrx specializes in OEM-approved buy-back programs, facilitating the secure and certified disposal of outdated hardware. These initiatives empower OEMs to exercise greater control over their aftermarket channels, thus optimizing the residual value recovery from used equipment. This approach not only diminishes the total cost of ownership for OEM products but also stimulates new equipment sales. Additionally, PureWrx plays a pivotal role in assisting both OEMs and their customers in achieving sustainability objectives, a growing concern in today’s market.
In a statement regarding the acquisition, Matt Hungate, President of PureWrx, expressed enthusiasm about becoming part of the Ivy Technology family. He highlighted that joining Ivy’s extensive global network would provide PureWrx with enhanced technical resources and operational capabilities, ultimately leading to improved service delivery and expanded outreach. Furthermore, he noted that these advancements would result in more efficient certified programs that benefit both customers and OEM partners alike.
### Commitment to Growth and Sustainability
The CEO of Ivy Technology, Scott Greer, welcomed the PureWrx team, emphasizing the alignment between PureWrx’s expertise in developing successful CPO programs and Ivy’s dedication to its OEM partners. He indicated that this integration would enable Ivy to better serve its existing customers while simultaneously enhancing PureWrx’s growth trajectory.
The partners at Staple Street Capital voiced their belief that this synergistic acquisition would merge Ivy’s operational excellence with an extended product range. They pointed out that such a combination would not only improve customer service but also accelerate the growth of PureWrx, ultimately creating a more robust business environment.
### About Ivy Technology and Staple Street Capital
Ivy Technology stands as a leading global provider of aftermarket services and lifecycle solutions specifically designed for technology firms. With its expertise in areas such as repair, refurbishment, and reverse logistics, Ivy Technology assists OEMs and enterprises in enhancing sales, managing aftermarket channels more effectively, and achieving their sustainability goals. For further details, visit www.ivytech.com.
On the other hand, Staple Street Capital is recognized as a leading private equity firm, managing approximately $900 million in capital. The firm specializes in investing in market-leading businesses and aims to create transformative opportunities that drive value. More information can be found at www.staplestreetcapital.com.
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