Access Information Management, a portfolio company of Housatonic Partners, announced the acquisition of Atlanta Data Storage, based in Atlanta, Georgia. Terms of the deal were not disclosed. In addition to being the company's tenth acquisition, this transaction is significant given that it is Access' first acquisition completed outside of the Western U.S. and marks a shift from being a regional company to a national player in the records management industry. The acquisition comes at a time that Access has also announced a new $40 million debt facility with Goldman Sachs.
Atlanta Data Storage offers hard copy records storage and management and document destruction services throughout the Atlanta metro area. Access has already announced plans to upgrade the company's software system and build a new state-of-the art media vault to expand its services in the Atlanta market.
"This is such a significant acquisition for us, it gives us a great point of entry for expanding nationwide," stated Dennis Barnedt, Access' Chief Executive Officer.
Access Secures $40 Million in Senior Debt Financing from Goldman Sachs
Access Information Management, based in Pleasanton, CA, announced that it has signed a $40 million senior debt facility with Goldman Sachs. This additional capital will allow Access to execute on it current growth strategy including organic growth and future acquisitions. Access has acquired 10 records management companies over the past 3 years and is aggressively seeking to acquire additional records management companies throughout the U.S.
"This is a significant milestone for Access and we're excited to be associated with Goldman Sachs" stated Dennis Barnedt, Access's founder and Chief Executive Officer. Access was established in December, 2004 and now has locations in five major markets serving over 3,000 clients. "Access is looking to continue its expansion in new markets while also deploying new services in existing sites," Barnedt stated.
Access Acquires DataStor, Inc.
Access Information Management announced that it has acquired DataStor, Inc, a business records management provider based in Martinez, California. The acquisition gives Access broader market share and further expands their operations in the San Francisco Bay Area. In conjunction with the acquisition, Dan Miles, former President of DataStor will also be joining Access as a member of the Corporate Shared Services team.
"DataStor has established a tremendous track record as a quality records management company serving clients throughout the entire Bay Area. Their team is a excellent fit for our company and our clients" stated Access CEO Dennis Barnedt.
DataStor, Inc is the eighth acquisition made by Access since 2005.
Access Information Management is a leading records management company with facilities serving San Francisco, Los Angeles, Sacramento, Atlanta and Hawaii. The company offers a comprehensive suite of services including off-site records storage and management, off-site media vault protection, secure shredding and digital solutions.
Housatonic Partners is a private equity investment firm founded in 1994 with over $650 million in capital under management. The firm invests in growing, profitable companies in the recurring services, media and communications industries. Housatonic has partnered with exceptional management teams in more than fifty small to mid-sized companies in these industries over the last thirteen years.