ZMC buys ITRenew

ITRenew said Nov. 1 that it sold a controlling stake in the company to Zelnick Media Capital. Financial terms weren’t announced. ITRenew, of Newark, California, provides IT lifecycle management services, including data center decommissioning, data erasure and security services. Wells Fargo Securities LLC provided financial advice while Moore & Van Allen PLLC acted as legal advisor to ITRenew. Sidley Austin LLP acted as legal advisor to ZMC.

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