M&A Deal Summary

Vital Records Control Acquires 2-20 Records Management

On October 4, 2022, Vital Records Control acquired information technology company 2-20 Records Management from Accord Equipment Finance

Acquisition Highlights
  • This is Vital Records Control’s 1st transaction in the Information Technology sector.
  • This is Vital Records Control’s 1st transaction in the United States.
  • This is Vital Records Control’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2022-10-04
Target 2-20 Records Management
Sector Information Technology
Buyer(s) Vital Records Control
Sellers(s) Accord Equipment Finance
Deal Type Add-on Acquisition

Target

2-20 Records Management

Carlstadt, New Jersey, United States
2-20 Records Management is a provider of records and information management services throughout the United States. 2-20 Records Management is based in Carlstadt, New Jersey.

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Buyer(S) 1

Buyer

Vital Records Control

Memphis, Tennessee, United States
Category Company
Sector Information Services
DESCRIPTION

Vital Records Control provides a suite of information governance services and solutions. The Company offers offsite records storage, climate-controlled storage, the release of information services, vaulting services for media backups, and destruction, services including mobile shredding, imaging services, records indexing services, and medical workflow solutions. VRC currently operates from more than 25 locations, with a focus on the Southeastern US, and serves customers in more than 30 states. Vital Records Control is based in Memphis, Tennessee.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1

Seller(S) 1

SELLER

Accord Equipment Finance

Investor Investor Investor Investor Investor

Category Lender
Founded 1999
Size Small
Type Sector Agnostic
DESCRIPTION

Accord Equipment Finance is a provider of financing solutions to middle-market North America-based companies. Sectors of interest include aerospace, consumer products, energy, food/beverage, healthcare, manufacturing, technology, and transportation. The Firm looks to provide $1 to $5 million of capital to support businesses with at least $5 million of annual revenue. In 2017, CapX merged with the Accord Financial Corp. family to form Accord Equipment Finance (AEF). Accord Equipment Finance is based in Chicago, Illinois.

DEAL STATS #
Overall 2 of 2
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (New Jersey) 1 of 1
Country (United States) 2 of 2
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-21 Karmaloop

Boston, Massachusetts, United States

Karmaloop, Inc. is an eCommerce business that sells urban fashion and streetwear, including apparel, shoes and accessories.

Sell -
Mergr

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