M&A Deal Summary

Iron Mountain Acquires Bonded Services Group

On October 3, 2017, Iron Mountain acquired business services company Bonded Services Group from Wicks Group and AEP Capital

Acquisition Highlights
  • This is Iron Mountain’s 6th transaction in the Business Services sector.
  • This is Iron Mountain’s 16th transaction in the United States.
  • This is Iron Mountain’s 2nd transaction in New Jersey.

M&A Deal Summary

Date 2017-10-03
Target Bonded Services Group
Sector Business Services
Buyer(s) Iron Mountain
Sellers(s) Wicks Group
AEP Capital
Deal Type Add-on Acquisition

Target

Bonded Services Group

Fort Lee, New Jersey, United States
Bonded Services Group LLC provides services for media content preservation, management and distribution, including fine art vaults and shipping; logistics and distribution; supply chain; and related services for high value physical and digital assets, including works of art, film, audio and video. The group manages more than 10 million of these assets for its 2,000 clients worldwide, with offices in the U.S., Canada, UK, France, the Netherlands and Hong Kong capable of providing in-house digital services that help media and entertainment companies extend their content across digital platforms.

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Buyer(S) 1

Buyer

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 24 of 32
Sector (Business Services) 6 of 10
Type (Add-on Acquisition) 20 of 25
State (New Jersey) 2 of 2
Country (United States) 16 of 19
Year (2017) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-28 MAG Datacenters

Denver, Colorado, United States

MAG Datacenters LLC (FORTRUST) is a provider of multi-tenant data center space in the Colorado/Mountain region and owns one of the nation’s first Tier III Gold colocation data centers. FORTRUST is based in Denver, Colorado.

Buy $128M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-05 Credit Suisse Group AG - Data Center Operations

Zurich, Switzerland

Credit Suisse Group AG - Data Center Operations in London and Singapore. The London data center is 120,000 total square feet and located in the Slough Trading Estate, while the Singapore data center is 153,000 total square feet located in Serangoon. Both facilities provide access to large power networks and an ability to serve numerous enterprises in the respective data center markets. Designed to meet the security requirements of a highly regulated financial services firm, the data centers comply with Iron Mountain's standards for security and compliance.

Buy -

Seller(S) 2

SELLER

Wicks Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Wicks Group is a private equity firm focused on selected segments of the communications, information and media industries. Wicks targets privately held or non-core divisions of large corporations with high-margins, limited competitive environment, and strong cash flow potential. Specific areas of interest include special interest publishing (trade magazines, workplace training, reference publishing, consumer magazines), business information services, (market information, specialized databases, consumer research), television broadcasting, radio broadcasting, newspapers, cable television, and outdoor advertising. The Wicks Group was formed in 1989 and is based in New York City.


DEAL STATS #
Overall 18 of 26
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 8 of 13
State (New Jersey) 2 of 2
Country (United States) 18 of 26
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-10 Screen Engine/ASI

Los Angeles, California, United States

Screen Engine/ASI is a research and analytics firm with an emphasis on big data focused on maximizing market potential while assessing risk for clients in the entertainment and media spaces. Screen Engine/ASI was established in 2010 and is based in Los Angeles, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-16 Marketron

Hailey, Idaho, United States

Marketron is a provider of business software solutions and services. Specializing in revenue management and audience engagement solutions, Marketron enables media companies to drive new growth opportunities. Marketron was founded in 1969 and is based in Hailey, Idaho.

Sell -
SELLER

AEP Capital

New York, New York, United States

Category Private Equity Firm
Founded 1990
Size Small
Type Sector Agnostic
DESCRIPTION

AEP Capital LLC is a private equity firm that seeks to invest in middle-market companies throughout North America. The Firm generally seeks to invest $5 to $50 million in companies valued up to $100 million. Areas of interest includes media, entertainment, communications, and business services. AEP Capital LLC is the successor of Alpine Equity Partners. The Firm was originally formed in 1990 and is based in New York City.


DEAL STATS #
Overall 3 of 4
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (New Jersey) 1 of 1
Country (United States) 3 of 4
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-30 Bonded Services Group

Fort Lee, New Jersey, United States

Bonded Services Group LLC provides services for media content preservation, management and distribution, including fine art vaults and shipping; logistics and distribution; supply chain; and related services for high value physical and digital assets, including works of art, film, audio and video. The group manages more than 10 million of these assets for its 2,000 clients worldwide, with offices in the U.S., Canada, UK, France, the Netherlands and Hong Kong capable of providing in-house digital services that help media and entertainment companies extend their content across digital platforms.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-07 Creme de la Creme

Greenwood Village, Colorado, United States

Creme de la Creme is an operator of early childhood learning centers. Creme de la Creme was founded in 1982 and is based in Greenwood Village, Colorado.

Sell -