Iron Mountain Acquires Records Management Holding Company ISCC
Iron Mountain (NYSE: IRM) announced today it has acquired three records management businesses owned by Carrollton, Texas-based Information Storage Consolidation Company (ISCC). Iron Mountain will assume responsibility for serving the nearly 1,000 customers of Safe Records Center in Lansing, Mich., Archives USA in Dallas and The Document Bank in Miramar, Fla.
“Our customers are in good hands with Iron Mountain,” said ISCC CEO and industry veteran Ron Harper. “We and our majority shareholder Graycliff Partners were very impressed with the professionalism of the Iron Mountain team throughout this process, and we're confident they'll provide our customers with secure storage, attentive service and expert advice.”
With the purchase of ISCC, Iron Mountain, a storage and information management company, establishes a presence in Lansing, Mich. and strengthens its existing operations in Dallas and across southeast Florida. The acquisition also adds mid-sized organizations to Iron Mountain's customer roster and grows the firm's storage rental revenue.
Safe Records Center has offered both storage and document destruction to businesses throughout Michigan since it formed in 1990. Founded in 1988, Archives USA provides customers in Dallas and Tyler, Texas with secure storage for their documents and backup tapes and offers destruction services. The Document Bank opened in 1990 and is based in Miramar, Fla., handling document storage for businesses in Dade, Broward and Palm Beach counties. Harold Ebbighausen, president of Iron Mountain, North America said: “We welcome the customers of these businesses and look forward to serving them.
“One of our strategies for sustaining the durability of our storage business in North America is to acquire strong companies like ISCC that grow our business and increase our storage rental revenue,” added Ebbighausen. “Acquiring companies in mature markets allows us to add customers, support attractive returns and deliver value to our investors.”
About Iron Mountain Incorporated
Iron Mountain Incorporated (NYSE: IRM) is a leading provider of storage and information management services. The company's real estate network of over 64 million square feet across more than 1,000 facilities in 35 countries allows it to serve customers around the world. And its solutions for records management, data backup and recovery, 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. Visit www.ironmountain.com for more information.
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