History
A partnership of J. Peter Pierce and Welsh, Carson, Anderson & Stowe, Retrievex was formed in 2007 to provide 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.
In October 2007, Retrievex was created as the result of a partnership between Danvers, Massachusetts-based ARMS Records Management Services, Welsh, Carson, Anderson, & Stowe of New York, a $4.0 billion fund, and Peter Pierce, marking his return to the records management industry.
As Peter Pierce expressed in his October 15, 2007 letter to the customers who became the company’s first, “The creation of Retrievex marks my return to the Records Management industry.”
“Since leaving the industry in 2000, I have watched the developments within the records management industry closely. Based on my observations I believe the industry is hungry for a leading provider committed to customer service and providing expanded service offerings. The records management industry has changed during these six years and now requires new service offerings to satisfy a broad range of record types, to include email and electronic records, consulting and electronic vaulting as well as innovative medical records solutions.”
“With more than 40 years in the records management industry, I understand what customers demand and am committed to building an organization that puts you the customer first. We will bring together other records management companies that share that same customer first philosophy as we continue to expand.”
Since its Boston beginning in 2007, Retrievex has acquired records storage companies in Greater New York, Washington DC, Northern Virginia, Cincinnati, Evansville, Indiana, Omaha, Nebraska and Las Vegas, Nevada. The company has also established new record centers in Hartford, Connecticut and Philadelphia.
About Welsh, Carson, Anderson & Stowe www.welshcarson.com
Welsh, Carson, Anderson & Stowe ("WCAS") is the largest private equity investor in the information & business services and healthcare industries. Since its founding in 1979, WCAS has organized 14 limited partnerships with total capital of over $16 billion. The firm is currently investing Welsh, Carson, Anderson & Stowe X, L.P. ("WCAS X"), a $3.4 billion equity fund, and WCAS Capital Partners IV, L.P., a $1.3 billion dedicated subordinated debt fund.
The firm’s strategy is to acquire growth businesses in its target industries and build value through both internal growth and acquisitions. WCAS differentiates itself from other private equity firms by its industry specialization, investment track record, operational investment focus, flow, repeat management teams and the experience of its General Partners.
