Tuesday, September 2, 2008

Vantage Blue Sells Record Storage Business; Acquirer Looking For More

Lisle, IL based Vantage Blue (aka Suburban Moving & Storage) has sold its record storage division to document management specialist Vanguard Archives. The recently completed transaction was the second such acquisition by Vanguard Archives, and the company sees logic in purchasing additional record storage businesses from moving & storage companies around the country.

“We continue to have an appetite to acquire record storage businesses and believe there are many moving & storage companies out there that may not realize the true value of the record storage businesses they are sitting on,” commented Chris Pearson, President of Vanguard Archives. “Further, the management burden of maintaining a record storage business is increasing as the legal and regulatory environment becomes more complex and clients demand a more sophisticated product offering including such services as document imaging and Internet accessibility.”

Vanguard Archives, which was once part of Werner-Kennelly Moving & Storage, is headquartered in Chicago. Companies interested in discussing a possible transaction with Vanguard Archives should contact Chris Pearson at (773) 268-6713 or chris@vanguardarchives.com

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