BOSTON--(BUSINESS WIRE)--
Iron
Mountain Incorporated (NYSE: IRM), the storage and information
management services company, has closed on the sale of certain records
and information management facilities in the United States to Access
CIG, LLC (Access) as required by the U.S. Department of Justice (DOJ) in
connection with the DOJ’s approval of Iron Mountain’s acquisition of
Recall Holdings Limited (Recall), which closed on May 2, 2016.
As disclosed on April 1, 2016, Iron Mountain agreed to sell certain U.S.
records and information management assets formerly owned by Recall,
including all associated tangible and intangible assets, in the
following 13 United States cities: Buffalo, Charlotte, Detroit, Durham,
Greenville/Spartanburg, Kansas City, Nashville, Pittsburgh, Raleigh,
Richmond, San Antonio, Tulsa and San Diego for total consideration of
approximately $80 million, subject to adjustments. Access is the largest
privately held records and information management services provider in
the United States and Latin America, providing records storage and
document management in both hardcopy and digital formats, in addition to
data protection, secure destruction, digital document conversion and
breach reporting services.
The assets noted above constitute Iron Mountain’s initial United States
divestments. Sale of Recall’s records and information management
facility in Seattle and certain of Recall’s records and information
management facilities in Atlanta, including in each case associated
tangible and intangible assets, are also included in Iron Mountain’s
agreement with the U.S. DOJ, but are not part of the sale to Access.
About Iron Mountain
Iron Mountain Incorporated (NYSE: IRM) 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. Visit www.ironmountain.com
for more information.
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Source: Iron Mountain