Recall buys CitiStorage

Recall Holdings Ltd. (ASX: REC) said it has acquired CitiStorage, LLC, a leading records management company.

The acquisition, from the private equity firm Ares Capital Corp. for consideration of USD47.2m, will be funded from cash and existing facilities. The acquisition expands Recall´s footprint in the New York City region and strengthens the company´s secure information management services in the largest US market.

“The acquisition of CitiStorage in New York and New Jersey further strengthens Recall´s presence as a leader in the Northeast region,” said Mark Wesley, president, Recall Americas. “

Recall is a leader in information management solutions, offering customers complete management of its physical and digital information assets with one partner. For more information, visit recall.com.

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