Daily News: May 21, 2013

Graycliff Partners Sells ISCC to Iron Mountain

Graycliff Partners, a middle-market investment firm, announced that Iron Mountain Incorporated, a provider of storage and information management services, has acquired Information Storage Consolidation Company (ISCC), a records storage business with operations in Texas, Michigan and Florida.

Graycliff held the majority ownership of ISCC at the time of the acquisition. Financial terms of the transaction were not disclosed.

Carrollton, TX-based ISCC is a provider of outsourced document services, including physical storage, storage services, destruction and imaging to customers throughout the southern and Midwestern United States in industries such as healthcare, business services, financial and legal.

“Graycliff worked closely with the management team to grow its competitive position through investments in operations and customer relationships,” said Duke Punhong, principal, Graycliff Partners.

“Graycliff has been a great partner in facilitating the growth and expansion of ISCC by providing the necessary resources and operational and strategic planning expertise,” said Ron Harper, CEO of ISCC. “With the full backing of Graycliff Partners, ISCC has demonstrated significant growth, market share gains and customer satisfaction. We are excited about sale of our records management businesses to Iron Mountain. Our customers can continue to expect secure storage, attentive service and expert advice.”