CXtec - A Worldwide Leader In Providing High-Quality And Sustainable IT Solutions And Services

Zegers brings over 20 years of expertise in scaling businesses, forging strategic partnerships, and leading initiatives in Reverse Supply Chain and End-of-Life IT Management, with a particular emphasis on ITAD, Value Creation, and Depot services.

He assumes the role following the retirement of Peter Belyea, who had been with the company for over 35 years and served as CEO from 2016-2024.

Zegers’ hiring will enable CXtec to grow its client base and expand the use of premium and refurbished IT infrastructure hardware and services to new users and markets.

CXtec - A Worldwide Leader In Providing High-Quality And Sustainable IT Solutions And Services - Names Todd Zegers As New CEO

Jeremy Adler
jeremy@uplandworkshop.com

Today, CXtec (or the “Company”), North America’s largest provider of full-service IT lifecycle solutions, announced the appointment of industry leader Todd Zegers as Chief Executive Officer. Zegers, who joins CXtec with more than two decades of experience at the forefront of IT Asset Disposition (“ITAD”) leadership, brings insight and management expertise that will guide the Company through the next phase of growth.

Since its founding in 1978, CXtec has earned its reputation as a world-class IT infrastructure partner by providing hardware solutions to a diverse portfolio of clients, including 89 members of the Fortune 100. The Company specializes in IT lifecycle management, empowering enterprises across the globe in building, supporting, decommissioning, and upgrading their IT infrastructure hardware by crafting ethical, sustainable, and profitable technology strategies for their partners. In particular, the Company's secure and efficient ITAD practice enables customers to recover value from decommissioned assets, turning retired technology into revenue streams for clients while ensuring data security and compliance at every step. Under Zegers’ leadership, CXtec will continue to enable companies to realize the full potential of their technology hardware and adjacent services from both a cost and sustainability perspective. Further, CXtec intends to make continued investments to attract new talent to the Company and forge partnerships that expand its footprint.

Zegers’ experience in ITAD and IT lifecycle management solutions dates to 2003 when he founded GreenAssetDisposal. After Zegers oversaw GreenAssetDisposal’s growth, CloudBlue Technologies, Inc. acquired the company and he remained part of the executive leadership team at CloudBlue until the company was acquired by IT distributor Ingram Micro in 2013. Zegers served as Global Vice President at Ingram Micro until 2023.

"I am honored to step into the role of CEO at such an exciting time for CXtec. I’ve always been very impressed with the business and culture that CXtec has built, and I believe our opportunity to grow and work with even more partners to optimize their IT hardware management and service needs in a sustainable and cost-effective manner is limitless. I have already had the opportunity to meet and speak with hundreds of CXtec employees in the past days and weeks and I couldn’t be more excited to work with such an impressive group of people on how we can continue bringing value to the companies we work with. By partnering with major players in this space, identifying markets and industries where we can grow, and making strategic investments in the Company itself, we’ll be able to collectively expand on CXtec’s already distinguished legacy and lead the Company to future growth and success.” -Todd Zegers, CXtec’s new CEO

In 2024, CXtec served thousands of unique customers, providing its partners with end-to-end network cabling, hardware, storage, and IT maintenance services. Today, the Company has approximately 250 employees, including 60 fulltime IT consultants, and has prevented more than 23 million pounds of carbon emissions through its sustainable refurbishment and sale of high-quality technology hardware. Zegers’ hiring as CEO follows the Company bringing experienced sales leader Brent Berry on board as Chief Revenue Officer in October 2024 and announcing Paul Hatty, a previous C-Suite leader, as Chief Financial Officer in April 2024. The Company looks forward to continuing to expand its team in 2025 and build on the strong foundation developed by previous CEO Peter Belyea, who announced his retirement effective at the end of last year.

"Todd was chosen to be CXtec’s new CEO because he represents the perfect balance of strategic vision and cultural alignment that the Company needs to continue to thrive. Our selection process was intentional, ensuring we found a leader who not only understands our business but also values the unique culture that has defined CXtec for decades. Todd embodies our commitment to innovation, teamwork, and customer focus, and I am confident he will build on our legacy while driving the Company to new heights." -Peter Belyea, CXtec’s retiring CEO

CXtec has been a portfolio company of H.I.G. Capital, a leading global alternative investment firm with $67 billion of capital under management, since 2016. The firm has a position on the CXtec Board of Directors and was actively involved in the search process for a new CEO.

“We are thrilled to welcome Todd to CXtec. He is a proven leader with deep expertise within our business, customers, and industry. We look forward to supporting him and his strategic vision for the Company. We’re incredibly grateful for Pete Belyea’s stewardship and contributions to CXtec over the years.” -Matt Kever, Managing Director at H.I.G. Capital

About CXtec

CXtec is a premium IT and hardware services company offering flexible, innovative solutions and support in network cabling, hardware, storage, and maintenance. For over 45 years, the Company has sought to maximize hardware value by making environmentally sustainable technologies accessible to customers worldwide. CXtec has been ranked on the CRN Solution Provider 500 list of North America’s Top Technology Integrators since 2001. CXtec’s headquarters and one of its Technology Certification and Distribution Centers are located in Syracuse, NY, in addition to another Technology Certification and Distribution Center located near Atlanta, GA. For more information about CXtec and its commitment to revolutionizing IT infrastructure, visit cxtec.com.

About H.I.G. Capital

H.I.G. is a leading global alternative investment firm with $67 billion of capital under management.* Based in Miami, and with offices in Atlanta, Boston, Chicago, Los Angeles, New York, and San Francisco in the United States, as well as international affiliate offices in Hamburg, London, Luxembourg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro, São Paulo, Dubai, and Hong Kong, H.I.G. specializes in providing both debt and equity capital to middle market companies, utilizing a flexible and operationally focused/value-added approach. Since its founding in 1993, H.I.G. has invested in and managed more than 400 companies worldwide. The Firm’s current portfolio includes more than 100 companies with combined sales in excess of $53 billion. For more information, please refer to the H.I.G. website at hig.com.

*Based on total capital raised by H.I.G. Capital and affiliates.