The Wicks Group and AEP Capital Complete Sale of Bonded Services Group to Iron Mountain
New York, October 17, 2017 - — The Wicks Group of Companies and AEP Capital announced the successful completion of the sale of Bonded Services Group LLC (“Bonded” or the “Company”), to Iron Mountain Inc. (NYSE: IRM). Bonded is the leading global provider of archival services to the media and entertainment industry. The Company manages archival assets in major media markets such as Los Angeles, New York, Toronto, London, Paris, Amsterdam and Hong Kong.
Daniel L. Black, Managing Partner of The Wicks Group said, “We are excited about the sale of Bonded to Iron Mountain and believe that the customers and employees of Bonded will benefit from the resources and footprint of Iron Mountain in every major media market. We are proud to have been a part of this storied Company’s unique history of protecting and preserving the assets of the individuals and organizations that create the iconic music and films that we all know. Wicks invested heavily in improving the leadership team, the systems and the operations of the business under our ownership and firmly believe that the Company will continue to thrive as the world of media and entertainment evolves and grows on a global basis.”
Stephens Inc., Winston & Strawn LLP and KPMG LLP acted as exclusive Financial Advisor, Legal Counsel and Tax and Accounting Advisor to the Wicks Group and AEP Capital in the transaction.
Daniel L. Black, Managing Partner, The Wicks Group, at (212) 838-2100; www.wicksgroup.com
ABOUT THE WICKS GROUP
The Wicks Group (www.wicksgroup.com) is a private investment firm based in New York City that invests in lower-middle-market companies operating in selected segments of the information, education, and media industries principally in the United States and Canada. Since its founding in 1989, Wicks has invested over $1 billion of capital in more than 30 platform companies and approximately 100 add-on acquisitions. The firm has applied a consistent investment strategy since its founding, partnering with high-quality, experienced management teams to build businesses organically and through acquisitions.
About AEP Capital
AEP Capital (www.aepcapital.com) is a boutique investment firm engaged in private equity and specialized advisory assignments. Its private equity efforts are primarily focused on acquisitions and investments in media, entertainment, communications and business services. AEP and its affiliates currently own or have owned companies in educational services, direct marketing services, consumer publishing, radio and television networks. In addition, AEP assists its clients in identifying, evaluating, structuring and negotiating all forms of business transactions.
About Bonded Services Group
Founded in 1930 in New Jersey, Bonded (www.bonded.com), provides services for media content preservation, management and distribution, including fine art vaults and shipping; logistics and distribution; supply chain; and related services for high value physical and digital assets, including works of art, film, audio and video. The group manages more than 10 million of these assets for its 2,000 clients worldwide, with offices in the U.S., Canada, UK, France, the Netherlands and Hong Kong capable of providing in-house digital services that help media and entertainment companies extend their content across digital platforms.