Summit Park Portfolio Company, ARKIVE, Completes First Acquisition
August 29, 2017 • Atlanta, Georgia
Arkive Completes Acquisition of Livingstone Records Management Services
Arkive, a portfolio company of Charlotte-based private equity firm Summit Park, is pleased to announce that it has acquired Livingstone Records Management Services (“LRMS”). LRMS provides records storage and support services at its facility in Columbus, Georgia. The acquisition expands Arkive’s footprint in southern Georgia markets.
"I am excited about this acquisition as it demonstrates that Arkive is committed expanding secure information management operations for our customers in the Southeast market. Arkive will now offer South Georgia customers our full suite of secure services," said Justin Ririe, CEO of Arkive.
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.
LRMS is the first 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.