Iron Mountain Inc., a Boston firm specializing in records management and data storage, said Tuesday that it has acquired three records management businesses owned by Texas-based Information Storage Consolidation Co.
As a result, Iron Mountain said it will assume responsibility for serving the nearly 1,000 customers of Safe Records Center in Lansing, Mich.; Archives USA in Dallas; and the Document Bank in Miramar, Fla.
No financial details of the transaction were included in Iron Mountain’s press release.
With the purchase, Iron Mountain said it establishes a presence in Lansing and strengthens its existing operations in Dallas and across southeast Florida.
In a statement, Harold Ebbighausen, president of Iron Mountain, North America, said: “One of our strategies for sustaining the durability of our storage business in North America is to acquire strong companies like ISCC that grow our business and increase our storage rental revenue. Acquiring companies in mature markets allows us to add customers, support attractive returns, and deliver value to our investors.”
Chris ReidyChris Reidy can be reached at firstname.lastname@example.org.