Livermore, CA (PRWEB) October 10, 2012
Rob Alston, CEO of Access Information Management, announced today the company’s acquisition of Retrievex, Inc., a records and information management services provider. Based in Conshohocken, Pennsylvania, Retrievex has operations in 15 U.S. markets and in Costa Rica.
With the acquisition, Access today is the largest privately-held records and information management services provider in the United States, with over 17 million cubic feet of records under management. Access now serves 26 markets across the nation and can offer a single-provider advantage to clients operating in those same markets. This transaction also represents Access’ entry into New England and a major expansion throughout both the Northeast and Midwest.
“The acquisition of Retrievex positions Access to lead our industry,” said Alston. “The companies’ shared commitment to outstanding service, our complementary footprints and the merged management team create a powerful combined entity.”
Peter Pierce, Founder, President and CEO of Retrievex, shared Alston’s enthusiasm for the merger. “The industry I have been part of for more than 40 years now has a new, strong and agile national player. Our clients will benefit significantly from Access’ broadened market presence and continually-strengthening capabilities, including a full array of information management solutions, both paper-based and digital.”
Nathan Campbell, Access’ Chief Operating Officer, will lead the integration of the two companies in conjunction with Retrievex COO, W. Price Brannon, who will take on the role of the combined company’s Chief Information Officer.
Three Ocean Partners LLC served as exclusive financial advisor to Retrievex during the process and Kirkland & Ellis LLP served as legal counsel. Weil, Gotshal & Manges LLP served as legal counsel to Access.
About Access Information Management (http://www.Accesscorp.com)
Access Information Management is the largest privately-held records and information management (RIM) services provider in the United States. A trusted partner to clients spanning multiple industries and markets throughout the country, Access’ complete suite of services includes records management, data protection (electronic computer media), secure destruction, and digital formatting services. The valuable business services Access provides allow clients to focus on their core businesses while reducing the costs and risks associated with document retention, management and final disposition. Access is backed by growth equity investor Summit Partners.
About Retrievex (http://www.Retrievex.com)
Formed in 2007, Retrievex provides 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. Backed by Welsh, Carson, Anderson & Stowe in partnership with Peter Pierce, Retrievex emphasized the same outstanding commitment to customer service that was the hallmark of Pierce’s building of, and leadership at, Pierce Leahy Archives.
The FileLine™ System, as the company’s proprietary records information management systems and processes are called, is recognized as the industry’s most comprehensive solution and best-practices approach to records management.
About Summit Partners (http://www.SummitPartners.com)
Summit Partners is a growth equity firm that invests in rapidly growing companies. Founded in 1984, Summit has raised nearly $15 billion in capital and provides equity and credit for growth, recapitalizations, and management buyouts. Summit has invested in more than 350 companies globally in technology, healthcare and other growth industries. These companies have completed more than 125 public offerings, and in excess of 130 have been acquired through strategic mergers and sales. Summit Partners has offices in Boston, Palo Alto, London and Mumbai. Summit’s notable business services investments include Bartlett Holdings, Central Security Group, EMED Co. and LiveOffice Holdings.
About Welsh, Carson, Anderson & Stowe (http://www.WelshCarson.com)
Welsh, Carson, Anderson & Stowe focuses its investment activity in two target industries, information/business services and healthcare. Since its founding in 1979, the
Firm has organized 15 limited partnerships with total capital of $20 billion. The firm is currently investing an equity fund, Welsh, Carson, Anderson & Stowe XI, L.P., and a dedicated subordinated debt fund, WCAS Capital Partners IV, L.P.
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In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners Limited, a firm authorized and regulated by the Financial Services Authority. Summit Partners Limited is a limited company registered in England and Wales with company number 4141197, and its registered office is at 20–22 Bedford Row, London, WC1R 4JS, UK. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.