[>] Retrievex Continues to Expand in New England
CONSHOHOCKEN, PA, August 1, 2011 – J. Peter Pierce, Founder, President and CEO of Retrievex, Inc., a leading Records and Information Management Services provider announced today the acquisition of Metropolitan Records Storage of Wilmington, Massachusetts.
This transaction, on the heels of the April acquisition of Millennium Records Storage, further broadens the company’s already wide customer base in New England. In addition, Retrievex serves an ever-growing customer base throughout the New York metropolitan area, including northern and central New Jersey, New York City and Long Island, NY, 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. “The acquisition of Metropolitan Record Storage represents our growing commitment to the New England market where we already have our largest customer base. We’re very pleased and look forward to continue serving Metropolitan’s customers with the same outstanding service they have become accustomed to receiving from Neal Mizner and his team.”
Neal Mizner, owner of Metropolitan Records Storage, stated, “Since our start we have enjoyed rapid growth based on providing our customers with the highest levels of service and flexible solutions. Not only will this continue to be true by joining with Retrievex, 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 Neal Mizner.
About Retrievex
A partnership of J. Peter Pierce and Welsh, Carson, Anderson & Stowe, Retrievex emphasizes the same outstanding commitment to records management 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 information 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 Metropolitan Records Storage
Metropolitan provides records management services, including hardcopy and data vault storage, for businesses, and medical records and confidential destruction services from its facilities in Wilmington, Massachusetts.
For more than 20 years, the company has provided records management services to customers throughout Eastern Massachusetts.
