Summit Park Portfolio Company, ARKIVE, Completes Acquisition
November 7, 2017 • Atlanta, Georgia
Arkive Completes Acquisition of Data Management Business Records
Arkive, a portfolio company of Charlotte-based private equity firm Summit Park, is pleased to announce that it has acquired Data Management Business Records (“DMBR”). DMBR provides records storage and support services, including destruction, data solutions and digital solutions, at its two facilities in Macon, Georgia and Tuscaloosa, Alabama. The acquisition expands Arkive’s footprint in Georgia and Alabama, and creates an opportunity to provide DMBR’s customer base with an expanded suite of secure information services.
“The DMBR business closely aligns with Arkive’s mission to provide superior information management services to clients in the U.S. and Canada,” said Justin Ririe, CEO of Arkive. Ririe added, “An additional benefit of this acquisition is that local clients will enjoy the benefits of a national provider with local account management and world class client services.”
Arkive, based in Atlanta, Georgia, is a provider of full-service records management solutions to a highly diverse base of over 2,000 clients. The company's services include storage, destruction, data protection and digital solutions. Arkive differentiates itself in the document storage industry by offering high levels of customer service, particularly to small and medium sized businesses.
DMBR is the second acquisition completed by Arkive since its founding in 2016 pursuant to the requirement that Iron Mountain divest of certain legacy document storage assets following the acquisition of Recall Holdings Ltd.
Arkive offers records information management solutions to over 2,000 clients in Atlanta, Seattle, Vancouver, Calgary, Edmonton, Ottawa, Toronto and Montreal. Arkive’s service offerings include ARKIVE Storage, ARKIVE Destruction, ARKIVE Data Solutions and ARKIVE Digital Solutions. The company is one of the largest providers of document storage services in Canada, and is a leader in each of the U.S. markets in which it operates. For more information, visit www.myarkive.com.
About Summit Park
Summit Park is a Charlotte, North Carolina-based private investment firm focused exclusively on the lower middle market. The firm invests across a wide range of industries, including business and consumer services, light manufacturing and value-added distribution. Summit Park targets businesses with revenue between $20 and $100 million and located in the Eastern half of the United States. The firm’s capital can be used to facilitate a change in ownership, to support expansion and growth, to provide partial liquidity to existing owners, or to support an industry consolidation plan. For more information, visit www.summitparkllc.com.
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