Industry News

Iron Mountain Acquires ArchivesOne

Iron Mountain, headquartered in Boston, has announced that it has signed an agreement to acquire records and information management company ArchivesOne.

Established in 1991 in Middlebury, Conn., ArchivesOne has made a number of acquisitions throughout the past year. The company, which has nearly 8,500 customers, has acquired three companies in the past six months, giving it 31 facilities in 17 geographic areas in 10 states and the District of Columbia.

The ArchivesOne deal was expected to close in May pending customary closing conditions.

Iron Mountain has been growing its shredding and storage business segments through acquisitions, recently completing several shredding and records management acquisitions in North America and in the United Kingdom.

Additionally, Iron Mountain has announced its acquisition of Societa Italiana Archivi s.p.a. in Italy and Gesellschaft fur beleglose Dokumentenbearbeitung gmbh (GbD) in Germany. The acquisition of Societa Italiana gives Iron Mountain operations in five major markets in Italy: Rome, Venice, Milan, Naples and Aosta. GbD specializes in scanning, processing and archiving of corporate documents.

According to a press release issued by Iron Mountain, its acquisition strategy "focuses on acquiring attractive businesses that provide a strong platform for future growth by expanding the company’s geographic footprint and service offerings while enhancing its existing operations."

New officers and board directors were elected or proceeded into office at the 2007 Annual Conference of the National Association for Information Destruction (NAID), April 11-13, at the Gaylord Palms Resort in Orlando, Fla.

Nate Segall from Accushred, Toledo, Ohio, steps into the post of president. Segall had been serving as the organization’s president-elect. He succeeds Allen Judkiewicz of Cintas Document Management, Grapevine, Texas.

After Segall’s one-year term is complete next spring, he will be succeeded by president-elect Tom Simpson of AAA Certified Confidential Security Corp., Peoria, Ill. Simpson ran unopposed for the president-elect slot this year.

The new NAID secretary is Tom McGinnis of E-Data Shred, Brockton, Mass., who also ran unopposed. Tim Oberst of Ohio Mobile Shredding, Columbus, Ohio, who received more votes than opponent Kenneth Williams of Chicago Shred Authority, Chicago, will serve as the organization’s treasurer.

Seven candidates ran for two open slots on the board of directors. The winners were Jim Beran of Shred Right, St. Paul, Minn., and Jay Burns of Crown Shredding, Winter Haven, Fla.

At NAID’s annual business meeting, Judkiewicz outlined NAID’s financial position, which appears solid, with nearly $800,000 of cash on hand after a recently concluded fiscal year in which revenue outweighed expenses by nearly $100,000.

Judkiewicz also reviewed the recommended changes to NAID’s bylaws, which includes an amendment to stagger the terms of the secretary and the treasurer so that one of the two has experience in office at any given time.

ShredStation, the Bensalem, Pa.-based maker of ID theft prevention vaults, has announced that it has expanded its staff to meet industry demand and to support the company’s new licensing program. ShredStation has named three senior level executives to its staff and plans to hire additional management as the company’s footprint continues to expand nationally.

ShredStation began selling licensing opportunities to certified professional document destruction companies April 1. The licensees will service all ShredStation vaults in a given territory by securely destroying the contents on site at each vault location.

To maintain the company’s projected growth, ShredStation has added three senior level employees to its staff.

Henry Peglar has been named director of sales and national account manager. He is responsible for securing and maintaining relationships with ShredStation’s service partners throughout North America. Peglar is a 15-year document destruction industry veteran and previously served as director of sales of Recall North America.

Andy Benson has been named vice president of licensing and partner relations. Previously, Benson worked for ShredStation as the company’s vice president of sales. In his new role, he develops and coordinates national sales efforts and closely work with licensees to deploy ShredStation vaults.

Mike Klein has been named CFO of ShredStation. Previously, Klein served as CFO for the Journal Registry Co.