"We’re very pleased and look forward to continue serving Sortino’s customers with the same outstanding service they have become accustomed to receiving from Lou and Pat and their team.”
Conshohocke, PA (PRWEB) October 31, 2011
J. Peter Pierce, Founder, President and CEO of Retrievex, Inc., a leading Records and Information Management Services provider announced today the acquisition of Sortino’s Records Management of Omaha, Nebraska (http://www.retrievex.com/retrievex-expands-omaha-ne).
This transaction, complements the earlier acquisition Retrievex made of Benson Records Management in 2011 and represents a continuing commitment to this Omaha market. In addition, Retrievex serves an ever-growing customer base throughout the Boston and Hartford areas, New York metropolitan area, including northern and central New Jersey, New York City and Long Island, NY, Philadelphia and southern New Jersey and Delaware, Northern Virginia and Washington DC, Cincinnati, Ohio, Evansville, Indiana as well as Las Vegas, Nevada and Chicago (http://www.retrievex.com/locations).
Pierce’s entire career has centered on the development and advancement of the information management industry. “The acquisition of Sortino’s Records Management represents our growing commitment to the Omaha market which has shown good growth from both existing and new customers since our entry into that market late last year. We’re very pleased and look forward to continue serving Sortino’s customers with the same outstanding service they have become accustomed to receiving from Lou and Pat and their team.”
Lou Sortino and Pat Sullivan co-owners of Sortino’s Records Management, stated, “When we were first approached by Retrievex about any interest we might have in selling our company, we really had not thought much about it. However, after giving it some thought we felt that completing the sale would provide our clients with an ever-expanding selection of services that we were not in a position to offer. Also Peter’s reputation for building an organization focused on customer service assured us that the reputation we have built in the Omaha market would continue.”
About Retrievex (http://www.retrievex.com)
A partnership of J. Peter Pierce and Welsh, Carson, Anderson & Stowe, Retrievex emphasizes the same outstanding commitment to customer service evidenced by Pierce’s industry leadership over the past four decades. Retrievex was formed in 2007 to provide the necessary financial resources and leadership to meet today’s diverse customer needs for records information management services that now span a broad range of record types.
The company’s proprietary records information management systems and processes are recognized as the industry’s most comprehensive solution and best-practices approach to records management.
About Welsh, Carson, Anderson & Stowe (http://www.welshcarson.com)
Welsh, Carson, Anderson & Stowe ("WCAS") is the largest private equity investor in the information / business services and healthcare industries. Since its founding in 1979, WCAS has organized 14 limited partnerships with total capital of over $16 billion. The firm is currently investing Welsh, Carson, Anderson & Stowe X, L.P. ("WCAS X"), a $3.4 billion equity fund, and WCAS Capital Partners IV, L.P., a $1.3 billion dedicated subordinated debt fund.
The firm’s strategy is to acquire growth businesses in its target industries and build value through both internal growth and acquisitions. WCAS differentiates itself from other private equity firms by its industry specialization, operational investment focus, and the retention of industry experienced management teams supported by the experience of its General Partners.
About Sortino’s Records Management
Sortino’s Records Management provides hardcopy and data vault storage for business and medical records and confidential destruction services from its facilities in Omaha, Nebraska.
For more than 11 years, the company has served customers throughout Omaha market.