How Comerica helped ERI

Being able to say, “We are the largest electronic waste recycling company in North America. We also are the largest hardware and data destruction company in North America,” is no small feat.

John Shegerian Chairman and CEO of ERI, doesn’t take his good fortune for granted. His vision and foresight into the future of E-Waste and green waste turned ERI into a market leader in environmental services.

Every year, more than 50 million metric tons of E-Waste are created. The result of all that electronic waste? Mountains of shredded steel, plastic, aluminum, glass, gold, silver lead palladium, lithium-ion, copper, nickel, and cobalt.

The sheer amount of waste could be a huge environmental hazard, but when done right and responsibly, the E-Waste doesn’t go into landfills; it fulfills a better purpose.

Since 2007, ERI has been a customer of Comerica bank. According to John, “We were really creating or pioneering a new industry. No other banks really understood it. Comerica Bank fully understood it – they were at least 10-15 years ahead of the curve.”

Utilizing Comerica’s robust business services, ERI built a company that changed the face of E-Waste and ushered in a new way of doing business.

The E-Waste market is projected to expand by 13.5% annually, and much of that success can be attributed to the partnership between ERI and Comerica Bank.

Comerica’s investment in the future showed. “They banked on us early, took us under their wing, and really nurtured us so we could grow to become the leading brand that we’ve become now, 17 years later,” said John.

As the Leading Bank for Business*, Comerica Bank is committed to providing customized financing solutions for small businesses and family-owned companies. We don’t let anything go to waste.