Tuesday, January 3, 2017

ARKIVE Buys Assets From Iron Mountain

Records management provider ARKIVE, which is owned by private equity investor Summit Park, and has a major location in Seattle, has acquired the assets of Iron Mountain in eight markets in the United States. Financial details of the deal were not announced. ARKIVE--which has locations in Atlanta, Seattle, Vancouver, Calgary, Edmonton, Ottawa, Toronto and Montreal--said the sale came as part of an order from the United States Department of Justice, and the Government of Canada's Competition Bureau that required Iron Mountain to divest holdings in specific markets.