Souter Investments has reached agreement to sell Stone Technologies Group to Canadian software solutions provider Converge Technology Solutions.
The private equity focussed family investment office acquired a majority stake in the circular IT solutions firm during 2019, investing alongside the management team and a syndicate of investors managed by private equity house RJD Partners.
Since acquisition, Stone has expanded its range of products, services and solutions. This includes the roll out of an IT recycling app, which makes management of end-of-life technology simple and ensures responsible e-waste disposal.
