[>] Retrievex Opens Western Region Entering Las Vegas Records Management Market
CONSHOHOCKEN, PA, January 10, 2011 - Peter Pierce, Founder, President and CEO of Retrievex, Inc., a leading Records and Information Management Services provider announced today the acquisition of RIM Solutions, LLC. RIM Solutions is the premier provider of comprehensive records and information management services in the Las Vegas, Nevada market.
This transaction represents the company’s entrance into the West and gives Retrievex a truly nationwide records management presence. Now extending beyond its three-city Midwest Region – established in 2010 including Cincinnati, Ohio, Evansville, Indiana and Omaha, Nebraska – Retrievex provides records management services to an ever-widening customer base throughout New England, the New York metropolitan area, including northern and central New Jersey, Philadelphia and southern New Jersey and Delaware, as well as Northern Virginia and Washington DC.
Pierce is the former CEO of Pierce Leahy Corporation whose career has centered on the development and advancement of the information management industry. “RIM Solutions is a key acquisition for us given their unique approach to comprehensive records management that includes a full array of document services incorporating state-of-the-art content management software, content hosting and digital formatting systems and services that Retrievex can now deploy system-wide. RIM’s talented and innovative records management staff are welcome additions to our growing Retrievex Team.”
Bill and Lanie Isgrig created RIM Solutions in 2002 and have forged its success. “While we've recognized considerable growth over these past eight years, we've come to realize that this is the right time for us to turn our business over to a rapidly growing industry leader. Lanie and I could not be more pleased and certain that Peter and his Retrievex team will maintain the excellent reputation we’ve built here and at the same time provide our employees and our customers with new, expanded opportunities.”
For additional information, contact Joe Nezi or Bill Isgrig.
About Retrievex (www.retrievex.com)
A partnership of Peter Pierce and Welsh, Carson, Anderson & Stowe, Retrievex emphasizes the same outstanding commitment to customer service that was the hallmark of Pierce’s building of, and leadership at, Pierce Leahy Archives. 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 Retrievex FileLine™ System, as the company’s proprietary records information management systems and processes are called, is 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 RIM Solutions
RIM Solutions is a Henderson, Nevada-based records and information management business owned by Bill and Lanie Isgrig who created the company in 2002 and have developed and managed its steady growth since then.
The Company provides the Las Vegas metro area with records management, document storage, retrieval and related services, document shredding, digital formatting and information management software solutions to customers located typically within a 25-mile radius of Henderson from modern storage and office facilities located within 12 miles of the center of Las Vegas.
