Access, a portfolio company of Berkshire Partners and GI Partners, through Access Information Management of Canada, ULC, has acquired Innovative Records System Corp. effective April 24, 2018. Financial terms were not disclosed.
Innovative Records Systems Corp. is a privately owned Ontario corporation, formed from the amalgamation of six operating entities: BC Records Management, Calgary Archives, Crown Store-All, Phoenix Recycling Inc., FileBank Record Centres and Docu Guard.
Berkshire Partners acquired Access in October 2014. In September 2017, GI Partners become co-lead investor in Access with Berkshire Partners.
Woburn, Massachusetts based Access is the largest privately-held provider of records and information management services in North America. The company offers a complete suite of storage and related services, such as inventory management, digital access solutions, secure destructions, and compliance services.
photo credit: Innovative Records System Corp.
News Release
Innovative Records System Corp. Sells to Access Information Management of Canada, ULC
TORONTO, May 17, 2018 /CNW/ – Innovative Records System Corp. (IRSC – www.irsg.ca) is pleased to announce the sale of IRSC to Access Information Management of Canada, ULC (Access – www.informationprotected.com) effective April 24, 2018. Former IRSC (now Access) operating personnel will be ensuring continuity of service for our ~6,000 customers across Canada.
“This sale marks the culmination of our vision to create a world-class records management business. Following an extensive search for the right partner that shares our core values, we are excited to become part of the Access family,” said Bill Roberts, CEO of IRSC. “IRSC brings over 140 years of cumulative experience in the Canadian marketplace, to complement the U.S., Latin American and Caribbean operations of Access.”
“The executive team of IRSC would like to acknowledge our valued employees, who have been integral to the success of IRSC,” continued Roberts. “We wish them well as they continue to serve our current customers and work to grow the Canadian business under the Access umbrella.”
Cadence Capital Advisory Ltd. acted as financial advisors to Innovative Records System Corp. and Bennett Jones LLP acted as legal advisor.
About Innovative Records Systems Corp.
Innovative Records Systems Corp. is Canada’s second largest provider of records management services. With over 200 employees coast-to-coast and approximately 750,000 square feet of warehouse space in 13 facilities, our owners serve over 4,000 customers, storing over ~5 million boxes of records and data tapes in our high security record centres. Our services include physical records storage and document management; scanning, digitization and e-document management; shredding and secure document destruction; and off-site data security services.
Innovative Records Systems Corp. is a privately-owned Ontario corporation, formed from the amalgamation of six operating entities:
BC Records Management (Vancouver Island and in the lower mainland of British Columbia)
Calgary Archives (Alberta)
Crown Store-All (Saskatchewan)
Phoenix Recycling Inc.(Manitoba)
FileBank Record Centres (Greater Toronto Area, Ottawa)
Docu Guard (Atlantic Canada)
With over 140 years of cumulative experience, these six partners have operated as independent businesses in their respective markets.
The IRSC Executive Team
Chief Executive Officer – Bill Roberts (Calgary)
President – Gerry Doedens (Toronto)
Chief Financial Officer – Jim Moser, CPA (Regina)
Vice President – Bob McMillian (Vancouver)
Vice President – Peter McMillian (Vancouver)
Vice President – Kristjan Backman (Winnipeg)
Vice President – Troy Northrup (Saint John)
SOURCE Innovative Records Systems Corp.
For further information: Bill Roberts, (403) 807-6672, bill@coalescemanagement.ca; Gerry Doedens, (416) 524-7171, gdoedens@rogers.com