McGuireWoods Advises Summit Park in Acquisition of Iron Mountain Assets

December 31, 2016

McGuireWoods represented Summit Park, a Charlotte-based private equity firm that focuses on lower-middle-market transactions, in its $50 million acquisition of certain Iron Mountain, Inc. and Recall legacy assets. The purchase agreement follows Iron Mountain’s May 2016 acquisition of Recall, both leading global information management, storage and services providers.

The transaction, which closed Dec. 29, involved the purchase of Recall assets in Seattle and Atlanta, as well as Recall and Iron Mountain assets in Canada. The acquired assets formed Arkive Information Management, a records management company.

Lawyers from McGuireWoods’ mergers and acquisitions, antitrust and trade regulation, debt finance, tax, and employment practices advised Summit Park in the transaction. Partner H. Ramsey White III led the deal team, which included partners James Ewing, J. Brent Justus, Bob McElroy and Paul Navarro, and associates Laura Brickell, J.D. Costa, Robert Crawford and J. Porter Durham III.

McGuireWoods’ transactional practices placed highly in respected league tables for the number of mergers and acquisitions deals handled in the first nine months of 2016. The firm ranked No. 11 in deal count in Thomson Reuters’ Mergers & Acquisitions Review for advising clients in 85 U.S. deals valued at nearly $16 billion. And in Bloomberg’s Global M&A Market Review Legal Rankings, McGuireWoods came in at No. 13 in deal count for serving as counsel to principals in U.S.-announced deals and No. 16 for representation of clients in U.S.-announced transactions. McGuireWoods represented clients in two major corporate deals that were winners in the 2016 M&A Advisor Awards, which recognize top mergers and acquisitions from the past year and the firms involved in closing the transactions.