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Arkive Acquires Data Management Records to Expand Information Management Services in US.

M2 EQUITYBITES-November 21, 2017-Arkive Acquires Data Management Records to Expand Information Management Services in US

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21 November 2017 - Information management company Arkive has completed the acquisition of Georgia, US-based off-site document and data storage company Data Management Business Records (DMBR) to expand coverage in Southeastern US, the company said.

Terms of the transaction were not disclosed.

This is Arkive's second acquisition in three months, expanding its Southeastern coverage in the Georgia and Alabama markets.

DMBR's clients will have access to Arkive's full suite of information management services including Arkive Storage, Arkive Destruction Services and Arkive Digital Solutions. Arkive's Digital Solutions include access to MyKloud Arkive's revolutionary electronic information system that transforms the way clients store and retrieve information.

Arkive said the Data Management Business Records business closely aligns with Arkive's values to provide information management services to clients in the US and Canada.

Arkive Information Management, LLC offers records information management solutions to over 2,400 business partners and clients in Georgia, Alabama, Washington, Vancouver, Calgary, Edmonton, Ottawa, Toronto and Montreal.

Data Management Business Records is a full-service solution for off-site document and data storage, scanning services and document destruction.

Transom Capital Acquires AT Cross to Grow Cross' Heritage Brands

California, US-based private equity firm Transom Capital Group has acquired the assets of Rhode Island, US-based writing instruments manufacturer A.T. Cross Company to enable Cross to enable growth across Cross's heritage brands.

Terms of the transaction were not disclosed.

The new company, which owns and operates the Cross and Sheaffer brands, will be led by the incumbent management team, and will receive new capital to expand into adjacent categories and markets.

Transom Capital Group invests in businesses across multiple industries.

A.T. Cross Co markets and sells fine writing instruments, journals, stationary products, desk accessories and reading glasses. Cross distributes products under both the Cross and Sheaffer brands. The company has locations in the US, China, Hong Kong, Taiwan, Japan, the UK and Mexico.

Latham and Watkins acted as M and A counsel and Greenberg Traurig acted as debt counsel for Transom Capital in the transaction.

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Publication:M2 EquityBites (EQB)
Geographic Code:1CANA
Date:Nov 21, 2017
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