[>] Retrievex adds Cincinnati to its records management service area
PHILADELPHIA, PA April 8, 2010 - Peter Pierce, President and CEO, announced today the acquisition of InfoManagement, Inc. of Cincinnati, Ohio. With this records management center acquisition Retrievex enters the Midwest Region, and now, in addition to Cincinnati, is able to service customers in New England, Hartford, the New York metropolitan area (including Northern and Central New Jersey), Philadelphia and the Delaware Valley, and Northern Virginia and Washington DC.
According to Pierce, “We are excited about this newest member of the Retrievex family, not only because InfoManagement is a quality records management organization that will fit in well with our other operations but also because it provides us with a platform records management company in the Midwest from which we plan to enter other key Midwestern markets.”
Don Hinkley, the President of InfoManagement, states “Many of our customers have been asking us to service them in other Northeastern markets. With this transaction, we will now be able to meet the needs of these customers in markets such as Boston, New York, Philadelphia, and Washington DC.”
About Retrievex
A partnership between Peter Pierce and Welsh, Carson, Anderson & Stowe, Retrievex will emphasize the same outstanding commitment to customer service that was the hallmark of Pierce’s leadership at Pierce Leahy Archives. Retrievex was formed to provide the necessary financial resources and leadership to meet today’s diverse customer needs for records management services that now span a broad range of record types.
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, repeat management teams and the experience of its General Partners.
About InfoManagement, Inc.
InfoManagement, Inc. has provided records management services to a broad range of industries in the Cincinnati, OH market area for over 25 years. The acquisition of InfoManagement will add approximate 300 customers and 15 team members to the Retrievex family.
