[>] Retrievex Expands in New England
CONSHOHOCKEN, PA, April 6, 2011 – J. Peter Pierce, Founder, President and CEO of Retrievex, Inc., a leading Records and Information Management Services provider announced today the acquisition of Millennium Records Management of Franklin, Massachusetts.
This transaction broadens the company’s already wide customer base in New England. In addition, Retrievex serves an ever-growing records management customer base throughout the New York metropolitan area, including northern and central New Jersey, Philadelphia and southern New Jersey and Delaware, Northern Virginia and Washington DC, Cincinnati, Ohio, Evansville, Indiana and Omaha, Nebraska as well as Las Vegas, Nevada.
Pierce’s entire career has centered on the development and advancement of the information management industry. “With Millennium we are gaining additional strength in the Greater Boston Area market, currently our largest customer base. We’re very pleased and look forward to continue serving Millennium’s customers with the same outstanding service they have become accustomed to receiving from Bill Donovan and his team.”
Bill Donovan, owner of Millennium Records Management, stated, “It has always been important to me that our company provide service unmatched in the industry. Now, by joining Retrievex, not only will this continue to be true, but our customers will have broader and more robust systems and more comprehensive alternatives in information management available to them.”
For additional information, contact Joe Nezi or Bill Donovan.
About Retrievex
A partnership of J. Peter Pierce and Welsh, Carson, Anderson & Stowe, Retrievex emphasizes the same outstanding commitment to customer service evidenced by Pierce’s industry leadership over the past four decades. Retrievex was formed in 2007 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.
The company’s proprietary records information management systems and processes are recognized as the industry’s most comprehensive solution and best-practices approach to records management.
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, operational investment focus, and the retention of industry experienced management teams supported by the experience of its General Partners.
About Millennium Records Management
Millennium provides hardcopy and data vault storage for business and medical records, electronic imaging and confidential destruction services from its facilities in Franklin, Massachusetts.
For more than 14 years, the company has served customers throughout Eastern Massachusetts, Rhode Island and Eastern Connecticut.
