subject: Retrievex Establishes Indiana Base and Expands Midwest Region [print this page] CONSHOHOCKEN, PA, September 14, 2010 JCONSHOHOCKEN, PA, September 14, 2010 J. Peter Pierce, Founder, President and CEO of Retrievex, Inc., a leading Records and Information Management Systems provider, announced today the acquisition Kinder Records Management, an operating division of Kinder Moving and Storage, Inc. of Evansville, Indiana.
This transaction represents an expansion of Retrievex's Midwest Region formed just five months ago through its acquisition of Cincinnati-based InfoManagement, Inc. Retrievex currently serves an ever-increasing number of customers throughout New England, the New York metropolitan area, including northern and central New Jersey, the Philadelphia metropolitan area, Northern Virginia, Washington DC and Cincinnati.
Pierce, the former CEO of Pierce Leahy Corporation, has spent his entire career contributing to the development of the RIMS industry. He sees this acquisition as beneficial to Retrievex's rapid growth. Pierce stated that "Kinder is the only records management business in the greater Evansville market and is strategically positioned to serve the Illinois, Indiana and Kentucky tri-state area. But, more importantly, Kinder's customers have been well served by its committed staff. Our focus is the customer and providing the highest quality services every day. Retrievex will build on the solid customer base, exceptional service levels, and fine reputation Kinder has enjoyed while bringing to this market the finest, most up-to-date records and information management systems and solutions available today."
Ed Derringe, who heads up Kinder stated, "The Retrievex management team is, without doubt, the most well respected in the industry. This is clearly the very best move we could have made for our customers who will now have the most sophisticated, efficient and continuously-upgraded systems available to them. This will allow us to introduce new service offerings that our customers have been clamoring for. For our company and employees, it will be both exciting and rewarding to be part of such a dynamic and rapidly growing organization."
For additional information, contact Joe Nezi or Ed Derringe.
About Retrievex (www.retrievex.com)
A partnership of Peter Pierce and Welsh, Carson, Anderson & Stowe, Retrievex will emphasize the same outstanding commitment to customer service that was the hallmark of Pierce's building of, and leadership at, Pierce Leahy Archives. Retrievex was formed in 2007 with its first acquisition serving the Greater Boston Area, to provide the necessary financial resources and leadership to meet today's diverse customer needs for records management services that now span a broad range of record types.
The Retrievex FileLine System, as the company's proprietary information management systems and processes are called, is recognized as the industry's most comprehensivesolution and best-practices approach to records management.
About Welsh, Carson, Anderson & Stowe (www.welshcarson.com)
Welsh, Carson, Anderson & Stowe ("WCAS") is the largest private equity investor in the information / business services and healthcare industries. Since its founding in 1979, WCAS has organized 14 limited partnerships with total capital of over $16 billion. The firm is currently investing Welsh, Carson, Anderson & Stowe X, L.P. ("WCAS X"), a $3.4 billion equity fund, and WCAS Capital Partners IV, L.P., a $1.3 billion dedicated subordinated debt fund.
The firm's strategy is to acquire growth businesses in its target industries and build value through both internal growth and acquisitions. WCAS differentiates itself from other private equity firms by its industry specialization, investment track record, operational investment focus, flow, repeat management teams and the experience of its General Partners.
About Kinder Records Management
Kinder Records Management is an Evansville, Indiana -based records management business owned by Ed and Eric Derringe. The Company is an operating division of Kinder Moving and Storage, Inc. serving Southwest Indiana, Southern Illinois and Western Kentucky, formed in 1993. The business operates out of four facilities totaling 86,300 square feet, with capacity for more than 400,000 cubic feet of records, in a campus setting conveniently located near downtown Evansville.
The acquisition of Kinder Records Management will add some 100 customers and 12 team members to the Retrievex family.
Retrievex Establishes Indiana Base and Expands Midwest Region
