Company announces its largest acquisition to date.
Livermore, Calif.-based Access Information Management has announced the acquisition of the assets of Washington Archives Management, expanding Access' service coverage in the Washington state region, including Seattle, Tacoma and the state capital of Olympia.
Rob Alston, CEO, Access Information Management, says, "This acquisition of Washington Archives Management from Mark and BIll Naubert represents the largest in Access history and extends our service coverage to include nine U.S. states. We now service all major cities along the I-5 corridor of the Western United States, in addition to locations throughout the Hawaiian Islands, Southwest, Midwest and Southeast.”
Alston says the Washington Archives Management acquisition is the largest Access has made in terms of revenue and EBITDA (earnings before interest, taxes, depreciation and amortization). He adds that it also may be the company’s largest acquisition in terms of number of clients as well as the number of cubic feet of records stored.
Access says it will continue to service current and new clients from the existing state-of-the-art facilities in Washington. Under the direction of Branch Manager Chris Slaughter and the oversight of General Manager Matt Dreese, Access will offer an array of RIM (records and information management) services, including hardcopy storage and management, secure destruction services, vital records protection, document imaging and digital storage.
Alston says the company plans to expand its destruction services offering in Washington state, though it has not yet settled on its strategy for doing so.
Washington Archives is the 36th company Access has acquired since December of 2004.
Of the company’s future growth strategy, Alston says, “You can expect more acquisition announcements from us regularly.” He adds that in addition to pursuing acquisition opportunities in existing markets and growing organically, the company will strategically expand its footprint through the acquisition of quality companies in attractive markets.