Toronto, Ontario, August 4, 2024 – Beacon Advisors is thrilled to announce the successful sale of Medical and Legal Records Management and Data Storage Business, a leading provider of document management services, to a corporate buyer. This transaction marks a significant milestone in the evolving records management and data storage industry.
Starting in May 2024, the Beacon Transaction Team conducted a meticulous search and engaged with multiple strategic and financial buyers within the industry. Leveraging its vast network and market expertise, Beacon Advisors identified a well-aligned corporate buyer, leading to an exclusive agreement by June 2024.
The deal underwent an intensive due diligence process, including thorough financial, operational, and legal reviews. The successful culmination of this process resulted in a definitive share purchase agreement by mid-July 2024. The seamless collaboration between all parties involved ensured the transaction’s timely and efficient completion.
About Medical and Legal Records Management and Data Storage Business
The company specializes in the secure storage and digital transformation of records, serving critical sectors such as medical, legal, and accounting. Known for its unwavering commitment to exceptional service and precision, the business has built a stellar reputation and a loyal customer base. Its comprehensive service offerings span digital and physical document management, underpinned by state-of-the-art technology and a dedicated team of professionals.
This acquisition aligns with the buyer’s strategic vision to expand its footprint and strengthen capabilities in the records management space while continuing to deliver innovative solutions to existing and new clients.
About Beacon Mergers & Acquisitions
Beacon is a leading M&A advisory firm specializing in business valuations, sell-side transactions, and strategic advisory services for the lower middle market across Canada and the United States. With a team of seasoned M&A experts and chartered valuators, Beacon is dedicated to creating value and delivering exceptional outcomes for its clients.
From identifying potential buyers to navigating complex negotiations, Beacon’s tailored approach ensures that every transaction is managed with precision, professionalism, and integrity.
For more information about this transaction or to learn more about our services, please contact: