Sale of Certain Recall Assets
Baird served as the exclusive financial advisor to Iron Mountain Incorporated on this transaction
AboutIron Mountain Incorporated (“Iron Mountain” or the “Company”) (NYSE: IRM), in connection with its acquisition of Recall Holdings (“Recall”) (ASX: REC), have completed an agreement, as required by the Department of Justice (“DOJ”), to divest certain Recall assets to Access Information Management (“Access”) for total consideration of $80 million, subject to post-closing adjustments. The divested assets include records and information management facilities in the following 13 U.S. cities: Buffalo; Charlotte; Detroit; Durham; Greenville/Spartanburg; Kansas City; Nashville; Pittsburgh; Raleigh; Richmond; San Antonio; Tulsa; and San Diego.
Iron Mountain is a leading provider of storage and information management services. The Company’s real estate network of more than 80 million square feet across more than 1,350 facilities in 45 countries allows it to serve customers around the world. Its solutions for records management, data management, document management, and secure shredding help organizations to lower storage costs, comply with regulations, recover from disaster, and better use their information. Founded in 1951, Iron Mountain stores and protects billions of information assets, including business documents, backup tapes, electronic files and medical data. Iron Mountain is headquartered in Boston, Massachusetts.
Access is the largest privately held records and information management services provider in the United States and Latin America. Access’ complete suite of services includes records storage and document management in both hardcopy and digital formats, data protection (electronic computer media), secure destruction, digital document conversion and breach reporting services. Access is backed by growth equity investor Berkshire Partners. Access is headquartered in Livermore, California.
For additional information about this transaction, please contact:
- May 2016
- Iron Mountain Incorporated
- Technology & Services
- Target Location
- North America
- Acquiror Location
- North America
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