Access Announces Investment by Berkshire Partners
Rob Alston, CEO of Access, has announced that Berkshire Partners LLC, a Boston-based investment firm, has acquired a majority interest in the company, the largest privately-held provider of records and information management services in North America, from Summit Partners. Terms of the transaction were not disclosed.
Access offers a complete suite of storage and related document management services, such as inventory management, digital access solutions, secure destruction, and compliance services. Access has a presence in 31 U.S. markets and has a growing international business, serving primarily small and medium-sized enterprises (SME) within each of these markets.
Founded in 2004 by a team of experienced industry leaders, Access is recognized as one of the fastest growing and most dynamic companies in the records management industry. Since its founding, Access has grown through a combination of organic growth and a series of complementary acquisitions, which have expanded its presence to new markets and to a broader customer base within existing markets. Access now has an extensive footprint across the United States and a rapidly growing presence in Latin America.
The Access team is led by CEO Rob Alston and President John Chendo, two veterans of the records management industry. The Access team has built a well-respected and highly stable business with a robust pipeline of additional U.S. and international acquisition opportunities.
“We are excited to announce our partnership with Berkshire Partners,” said Rob Alston. “This investment will strengthen our ability to expand the company’s geographic reach, enhance our service offering and grow the business in support of client needs.”
John Chendo added “Access will continue to search for and identify strategic acquisition opportunities with select records and information management service providers here in the U.S. and internationally, further bolstering our ability to provide premier service to our growing client base.”
“Access is well positioned within the attractive SME market,” said EJ Whelan, Managing Director of Berkshire Partners. “With significant opportunity in the United States as well as Latin America, the company is poised to continue its growth trajectory. We are excited to partner with the team during their next chapter of growth.”
Access has earned a reputation as an innovative company, and has been able to attract some of the best team members in the industry. Access is considered a high-quality partner by its clients, a great place to work by its team members, a valuable contributor by the communities in which it operates and a consistent supporter of the records and information management industry and related trade organizations.