Iron Mountain - M&A Summary and Business Overview

Business ServicesCompany

Iron Mountain M&A Summary

Iron Mountain has acquired 34 companies, including 4 in the last 5 years. A total of 10 acquisitions came from private equity firms. It has also divested 5 assets.

Iron Mountain’s largest acquisition to date was in 2016, when it acquired Recall Holdings for $2.0B. Iron Mountain has acquired in 11 different US states, and 12 countries. The Company’s most targeted sectors include information technology (38%) and business services (32%).

Iron Mountain Business Overview

Where is Iron Mountain headquartered?

Iron Mountain is headquartered in Boston, Massachusetts.

What is Iron Mountain’s revenue?

Iron Mountain disclosed revenue of 5,104M USD for 2022 and 4,492M USD for 2021.

How many employees does Iron Mountain have?

Iron Mountain has 26,000 employees.

What sector is Iron Mountain in?

Iron Mountain is a business services company.

M&A Summary

  • M&A Total Activity37
    • M&A Buy Activity32
    • M&A Sell Activity5
  • Total Sectors Invested 6
  • Total Countries Invested 12
  • M&A Buy/Sell Connections 15
  • M&A Advisors 9

Iron Mountain

Iron Mountain, Inc.

One Federal Street,
Boston, Massachusetts 02110
United States,
(617) 535-4766
www.ironmountain.com

Iron Mountain is a provider of storage and information management services. The Company provides a variety of solutions for records management, data management, document management, and secure shredding to help organizations lower storage costs, comply with regulations, and recover from disaster.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 30 - 1 - 1 - 32
vol $5.5B $5.5B
Sell (0.0/yr) # 5 - - - - - 5
  37

Most Recent M&A

Company Date Value Type
Reserve Management Group 2023-11-02 - Add-on Acquisition
Stow, Ohio · www.regencytechnologies.com
ITRenew, Inc. 2021-12-10 - Stake Purchase
Newark, California · www.itrenew.com
Suppla SA - Business Process Outsourcing Unit 2019-09-05 - Divestiture
Bogota, Colombia
Lane Archive Technologies Ltd. 2019-01-01 - Add-on Acquisition
Pasig City, Philippines · www.lat-philippines.com
Iron Mountain, Inc. - Fulfillment Services Unit 2018-10-02 - Divestiture
Boston, Massachusetts
Arhiv Trezor d.o.o. 2018-06-18 - Add-on Acquisition
Stupnik, Croatia · www.arhivtrezor.hr
OEC Records Management Company Pvt. Ltd. 2017-12-21 18M USD Add-on Acquisition
Mumbai, India · www.oecrecords.com
IO Data Centers LLC 2017-12-11 1.4B USD Add-on Acquisition
Phoenix, Arizona · www.io.com
Credit Suisse Group AG - Data Center Operations 2017-10-05 - Divestiture
Zurich, Switzerland
Bonded Services Group LLC 2017-10-03 - Add-on Acquisition
Fort Lee, New Jersey · www.bonded.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Crozier Fine Arts 2015-10-14 Martinspeed Ltd. 2021-04-08 3
New York, New York · www.crozierarts.com London, United Kingdom · www.martinspeed.com

M&A by Sector

Sector Buy # Value Sell # Value
Information Technology 12 (38%) 1.5B (28%) 2 (40%) -
Business Services 10 (31%) 128M (2%) - -
Software 5 (16%) 297M (5%) 1 (20%) -
Internet Software and Services 3 (9%) 1.5B (28%) - -
Information Services 1 (3%) 2.0B (37%) 1 (20%) -
Transportation 1 (3%) - 1 (20%) -
Total 32 $5.5B 5 -

By Geo

State/Country Buy Value Sell Value
United States 19 3.3B 3 -
  California 5 270M - -
  Massachusetts 2 167M 2 -
  Texas 2 18M - -
  New Jersey 2 - - -
  Colorado 2 319M - -
  Vermont 1 - - -
  Pennsylvania 1 1.2B - -
  Ohio 1 - - -
  New York 1 - - -
  Illinois 1 - - -
  Arizona 1 1.4B - -
  Georgia - - 1 -
Australia 2 2.0B 1 -
Brazil 2 80M - -
Canada - - 1 -
  Alberta - - 1 -
Colombia 1 - - -
Croatia 1 - - -
Denmark 1 30M - -
India 1 18M - -
Lithuania 1 - - -
Philippines 1 - - -
South Africa 1 - - -
Switzerland 1 - - -
United Arab Emirates 1 - - -
Domestic 19 (59%) 3.3B (61%) 3 (60%) -
Cross-border 13 (41%) 2.1B (39%) 2 (40%) -
Total 32 $5.5B 5 -

Top M&A Advisors

Financial Deals
Ardea Partners LLC
 1
Barclays Investment Bank
 1
J.P. Morgan Securities
 1
Legal Deals
Sullivan & Worcester
 1
Weil Gotshal & Manges
 1
Morgan Lewis
 1

Deal Values

buy # Total
> $1B 3 $4.6B
$100M to $1B 5 $706M
< $100M 5 $196M
TOTAL $5.5B
Largest Recall Holdings Ltd.
$2.0B (2016-05-02)

M&A Connections

Deals
Acquired from
Investor(s)
25%
8 (25%)
Strategic(s)
9%
3 (9%)
Divested to
Investor(s)
60%
3 (60%)
Strategic(s)
40%
2 (40%)

Company Summary

SECTOR

Business Services

Revenue

5,104   14% 2022
4,492   9% 2021
4,147   3% 2020
4,263   1% 2019
4,226   10% 2018
3,846   10% 2017
3,511   17% 2016
3,008   4% 2015
3,118   4% 2014
3,025   1% 2013
3,003   2012
(millions of USD) Show More Show Less

Employees

26,000

Public

NYSE: IRM

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