Arkive acquires assets from Iron Mountain in eight markets
Arkive acquires assets from Iron Mountain in eight markets
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Atlanta-headquartered Arkive Inc., an information management company owned by private equity firm Summit Park, has announced the acquisition of assets from Boston-headquartered Iron Mountain Inc. in eight markets in the United States and Canada. The assets are in 10 operating units previously managed by Iron Mountain and Recall Holdings Ltd.
Today’s acquisition completes the regulatory mandates set forth by the United States Department of Justice and Canada’s Competition Bureau that required Iron Mountain to divest holdings in specific markets to provide a more competitive landscape.
Arkive offers a full suite of information management services, including Arkive Storage, Arkive Destruction, Arkive Data Protection and Arkive Digital Solutions.
The company’s executive team is formed from tenured executives in the industry. Justin Ririe was appointed as the company’s CEO. His background includes 20 years of operational expertise in the industry and as an officer in the US Army. Currently, Ririe serves as a field grade officer in the Georgia Army National Guard’s 48th Infantry Brigade. Ben Nicholson has been appointed as the chief financial officer and brings 15 years of executive experience. He most recently managed Recall’s North and South American businesses. David Gonce will lead all of sales and marketing as the vice president of North America. He brings more than 25 years of experience at all levels and most recently managed Recall’s Atlantic Region.
“I am excited about the future opportunities and services Arkive will bring to the information management industry,” Ririe says. “We have an extraordinary team that takes an innovative approach to meeting customer needs and provides exceptional service to the market.”
In addition to the company’s corporate office in Atlanta, the company has operating units in Atlanta, Seattle, Calgary, Edmonton, Montreal, Ottawa, Toronto and Vancouver markets dedicated to helping business partners manage their information.
Summit Park is a Charlotte, North Carolina-based private investment firm focused exclusively on the lower middle market. The firm invests across a wide range of industries, including business services, outsourced services, light manufacturing and distribution. Summit Park targets businesses with revenue between $20 million and $100 million and locations in the Mid-South, Mid-Atlantic and southeastern regions of the United States. The firm’s capital can be used to facilitate a change in ownership, to support expansion and growth, to provide partial liquidity to existing owner, or to support an industry consolidation plan.
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Source: Recycling Today
Arkive acquires assets from Iron Mountain in eight markets
<![CDATA[ RirieAtlanta-headquartered Arkive Inc., an information management company owned by private equity firm Summit Park, has announced the acquisition of assets from Boston-headquartered Iron Mountain Inc. in eight markets in the United States and Canada. The assets are in 10 operating units previously managed by Iron Mountain and Recall Holdings Ltd. Today’s acquisition completes the regulatory mandates set forth by the United States Department of Justice and Canada’s Competition Bureau that required Iron Mountain to divest holdings in specific markets to provide a more competitive landscape. Arkive offers a full suite of information management services, including Arkive Storage, Arkive Destruction, Arkive Data Protection and Arkive Digital Solutions. The company’s executive team is formed from tenured executives in the industry. Justin Ririe was appointed as the company’s CEO. His background includes 20 years of operational expertise in the industry and as an officer in the US Army. Currently, Ririe serves as a field grade officer in the Georgia Army National Guard’s 48th Infantry Brigade. Ben Nicholson has been appointed as the chief financial officer and brings 15 years of executive experience. He most recently managed Recall’s North and South American businesses. David Gonce will lead all of sales and marketing as the vice president…