Investment Summary

Iron Mountain Invests In ITRenew

On December 10, 2021, Iron Mountain invested in information technology company ITRenew from ZMC

Investment Highlights
  • This is Iron Mountain’s 11th transaction in the Information Technology sector.
  • This is Iron Mountain’s 18th transaction in the United States.
  • This is Iron Mountain’s 5th transaction in California.

Investment Summary

Date 2021-12-10
Target ITRenew
Sector Information Technology
Investor(s) Iron Mountain
Sellers(s) ZMC
Deal Type Stake Purchase
Advisor(s) Jefferies (Financial)
Sidley (Legal)

Target

ITRenew

Newark, California, United States
ITRenew is a provider of IT lifecycle management services, including data center decommissioning, data erasure and security services. The Company’s technology-driven approach streamlines traditional data center decommissioning processes to deliver superior data and asset security, value recovery and IT sustainability. ITRenew was founded in 2000 and is based in Newark, California.

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Investor(S) 1

Investor

Iron Mountain

Boston, Massachusetts, United States

Category Company
Sector Business Services
Employees26,000
Revenue 5.5B USD (2023)
DESCRIPTION

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. Iron Mountain is based in Boston, Massachusetts.


DEAL STATS #
Overall 31 of 32
Sector (Information Technology) 11 of 12
Type (Stake Purchase) 2 of 2
State (California) 5 of 5
Country (United States) 18 of 19
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-05 Suppla SA - Business Process Outsourcing Unit

Bogota, Colombia

Suppla SA - Business Process Outsourcing Unit is a provider of records management and data governance offerings for regulated industries including healthcare and social services, financial services, government, education, communications, and information technology sectors.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-02 Regency Technologies

Stow, Ohio, United States

Regency Technologies is an IT asset disposition (ITAD) service provider that currently processes over 50,000 metric tons of material annually, reselling more than 2,000,000 units across eight locations spanning the United States. It adheres to the environmental protocols of e-Stewards, RIOS, NAID as well as ISO 14001 across its footprint. Regency Technologies is based in Stow, Ohio.

Buy -

Seller(S) 1

SELLER
DESCRIPTION

Zelnick Media Capital (ZMC) is a private equity firm focused on the media and communications sectors. ZMC looks to partner with management teams when pursuing transactions and will consider a variety of transaction situations, including growth-oriented investments and companies in need of operational improvement. Zelnick Media Capital was formed in 2001 and is based in New York City.


DEAL STATS #
Overall 5 of 8
Sector (Information Technology) 1 of 1
Type (Stake Purchase) 1 of 1
State (California) 3 of 3
Country (United States) 5 of 7
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-18 CommentSold

Huntsville, Alabama, United States

CommentSold is a provider of multi-channel social commerce technology and managed services to boutique online retailers. The Company provides a variety of commerce enablement services including order intake, payment, fulfillment, live selling tools, and analytics which is delivered through a proprietary SaaS platform, allowing customers to sell on social platforms and mobile apps. CommentSold was founded in 2017 and is based in Huntsville, Alabama.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-04 Simpler Trading

Austin, Texas, United States

Simpler Trading is a financial education platform providing best in class community, education and tools to individual traders and investors. The Company’s suite of diverse live and evergreen online education content engages active individual traders with actionable trading strategies. Simpler Trading was founded in 1999 and is based in Austin, Texas.

Buy -