New EcoCampus co-owners, John Gabler 鈥14, Michael Hendricks 鈥14, Cameron Borriello 鈥14, and Robbie Nicholas 鈥14, deliver paper made from sugarcane waste to Case Geyer Library. Photo by Gabriela Bezerra 鈥13.
EcoCampus, the company that was created by two 冈本视频 students to sell environmentally-friendly paper on campus, has found another way to be 鈥渟ustainable.鈥
Seniors Ryan Smith 鈥13 and Brendan Karson 鈥13 have sold their company to four juniors, turning the EcoCampus into what may be 冈本视频鈥檚 first student legacy business. They developed EcoCampus over the past three years with alumni guidance through 冈本视频鈥檚 (TIA) program.
Smith and Karson sold the company to their Theta Chi fraternity brothers Robert Nicholas 鈥14 of Berwyn, Pa., John Gabler 鈥14 of Fort Collins, Colo., Cameron Borriello 鈥14 of Sterling, Mass., and Michael Hendricks 鈥14 of Saint Charles, Mo.
While the sale price was not disclosed, Smith and Carson said they earned a 28 percent profit on their initial investment.
鈥淪tarting and running my first company in college was as much about learning as it was about turning a profit,鈥 said Smith, who plans to work in real estate after graduation. 鈥淲e believed was ultimately more important as a fixture at 冈本视频 for budding entrepreneurs, rather than as an ongoing post-graduate company.鈥
Borriello 鈥14 and Hendricks 鈥14, two of four new co-owners of EcoCampus, help deliver paper recently to Case Library. Photo by Gabriela Bezerra 鈥13.
Karson, who plans to enter the energy finance industry after graduation, said his time with EcoCampus taught him 鈥渉ow to make a connection beyond the product, and really get to know his clients.鈥
TIA co-founder Andy Greenfield 鈥74 P鈥12 praised EcoCampus as a model of success for the extracurricular program that links liberal arts learning to entrepreneurial skill development. 鈥淭hey traveled a long way,鈥 Greenfield said, 鈥渟ince the initial TIA project of using kenaf to make paper almost three years ago. They overcame adversity, dealt with many challenges, and solved almost every problem they encountered.鈥
New co-owner Nicholas said he and his partners plan to do as much with the company as they can in the time they are still on campus. 鈥淲e bought it because it already had well-established client connections, and we saw substantial potential to grow the company,鈥 he said. 鈥淥ur new website, , combined with guaranteed next-day delivery, will offer our clients a customer service experience that larger distributors cannot match when dealing with 冈本视频.鈥
EcoCampus currently supplies Case and Cooley libraries, two of 冈本视频鈥檚 largest paper users; however many smaller departments still order tree-based paper from other vendors.
Co-owner Hendricks said they, too, plan to pass the business on. 鈥淎ll things considered, it makes the most sense for us to keep EcoCampus as a legacy business,鈥 he said. 鈥淭here鈥檚 no telling what is in store for us after graduation, so the prospect of maintaining the company while living in different parts of the country is a lofty one.鈥