Sale of Select Assets to Summit Park
Baird served as the exclusive financial advisor to Iron Mountain Incorporated
AboutIron Mountain Incorporated (“Iron Mountain”) (NYSE: IRM) recently divested certain records and information management assets in the United States and Canada to Summit Park as required by regulators in connection with Iron Mountain’s acquisition of Recall Holdings Limited (“Recall”).
Iron Mountain is the global leader for storage and information management services. Trusted by more than 220,000 organizations around the world, Iron Mountain boasts a real estate network of more than 80 million square feet across more than 1,350 facilities in 45 countries dedicated to protecting and preserving what matters most for its customers. Iron Mountain’s solutions portfolio includes records management, data management, document management, data centers, art storage and logistics, 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 critical business documents, electronic information, medical data and cultural and historical artifacts. Iron Mountain is headquartered in Boston, Massachusetts.
Summit Park is a private investment firm focused exclusively on the lower middle market. Summit Park invests across a wide range of industries, including business services, outsourced services, light manufacturing and distribution. Summit Park targets businesses with revenue between $20 and $100 million and located in the Mid-South, Mid-Atlantic and Southeastern regions of the United States. Summit Park’s capital can be used to facilitate a change in ownership, to support expansion and growth, to provide partial liquidity to existing owners, or to support an industry consolidation plan. Summit Park is headquartered in Charlotte, North Carolina.
For additional information about this transaction, please contact:
- December 2016
- Iron Mountain Incorporated
- Technology & Services
- Target Geography
- North America
- Acquiror Geography
- North America
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