October 3, 2017
Iron Mountain Incorporated® (NYSE: IRM), the global leader in storage and information management services, today announced the acquisition of the Bonded Services group of companies (Bonded), providers of media asset management services for global entertainment and media companies, for approximately £57 million subject to customary adjustments ($77 million at current Fx rates).
Like other large, global businesses, entertainment and media companies around the globe require specialized services for protecting and preserving their intellectual property (IP) while also making sure it is able to be monetized. Essential to those needs are secure, climate-controlled vaults for physical media preservation (art, film and audio/video tape) as well as a digital environment capable of protecting that IP from hackers and data loss. Having both in one place – the physical and digital storage, as well as the capabilities to transform content for monetization and longer-term preservation – is ideal, providing chain-of-custody and peace of mind for these companies.
Founded in 1930 in New Jersey, Bonded 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.
“Bonded has nearly 90 years of entertainment preservation and digitization experience as a recognized leader in the industry,” said Jeff Anthony, senior vice president, Iron Mountain Entertainment Services. “We know first-hand the challenges that media and entertainment companies face in protecting their IP while, at the same time, making sure they can realize the value of it. We have a strong track record in the media and entertainment industry as a partner of choice who can handle both aspects.”
“Much like our more traditional business services customers, media and entertainment companies find themselves challenged to manage their information assets in an increasingly digital world,” said William L. Meaney, president and chief executive officer of Iron Mountain. “Acquiring Bonded enables us to meet those customer challenges on a global level, while also leveraging our combined strengths of storage and logistics capabilities. We’re excited to welcome Bonded’s worldwide customer base to Iron Mountain, and look forward to delivering the high levels of service they have come to expect.” Read the press release on ironmountain.com.
About Iron Mountain
Iron Mountain Incorporated (NYSE: IRM) is the global leader for storage and information management services. Trusted by more than 230,000 organizations around the world, Iron Mountain boasts a real estate network of more than 85 million square feet across more than 1,400 facilities in 52 countries dedicated to protecting and preserving what matters most for its customers. Iron Mountain’s solutions portfolio includes records management, data management, cloud services, document management, data centers,art storage and logistics, and secure shredding to help organizations to lower storage costs, comply with regulations, recover from disaster, and better use their information. Founded in 1951, Iron Mountain stores and protects billions of information assets, including critical business documents, electronic information, medical data and cultural and historical artifacts. Visit www.ironmountain.com for more information.
September 1, 2015
Bonded Services announced today the sale of the wholly-owned subsidiary Inception Digital Services (IDS) to Trinidad Entertainment Corporation (TEC). The companies will continue the strategic partnership focused on providing digital and physical asset management services along with digital platform delivery services to both new and existing customers.
“The recent launch of Bonded Digital Services in our key markets world-wide enables us to provided focused solutions in digital migration and content lifecycle management. Our partnership with IDS as a stand-alone business will support the continued growth of their services and technology, while also offering digital platform delivery services to our customers” stated Barry Payne, CEO of Bonded Services.
IDS will continue to operate as a standalone facility in Agoura Hills, CA as a wholly owned subsidiary of TEC. “We are thrilled to acquire IDS. Partnering IDS with Walla, our cloud-based distribution platform, creates an end-to-end distribution solution for film and television content providers,” states Erik Pence, Managing Member of TEC. “Our ability to now manage and control the content processing and costs should radically simplify the task of platform delivery and we are excited to create this streamlined experience for our customers.”
About Bonded Services:
Bonded Services is a recognized leader in the provision of media asset management, logistics & distribution, supply-chain and related services. These services have been specifically developed to service global media and entertainment customers and other industry sectors which produce high value physical and digital assets. Bonded Services has been serving these industry sectors for 80+ years and now cares for over 10 million physical assets for more than 1,500 clients.
Founded in 1999, TEC is an Intellectual Property holding company that maintains interests in technologies focused in the media, entertainment and advertising industries. In addition to IP management, TEC has provided top 50 global media companies content acquisition and workflow strategies.
Founded in 2014, Walla offers a cloud-based distribution management service. Walla simplifies the experience for content owners who distribute through major online video-on-demand platforms. Walla is partially owned by TEC.
July 17, 2013
LEADERSHIP RESTRUCTURE INTEGRATES ACQUISITIONS AND STREAMLINES SERVICES
BURBANK, Calif., Bonded Services, a global leader in high-value physical media storage and logistics for more than 80 years, announces an executive level reorganization that signifies the successful integration of the company’s recent acquisitions. The reorganization, coupled with the company’s new digital offerings and traditional physical storage will transform the company, creating a complete end-to-end asset management solution that meets its current and future needs.
Barry Payne has accepted the position of CEO at Bonded, replacing Jerry Gold, who departed to pursue opportunities outside of the industry. Payne is a seasoned records storage and services industry expert with a successful background in Operations. Most recently, Payne served as CEO of 3GS, LLC, a privately held company providing information storage and destruction services in 17 markets throughout the United States. Prior to that, Payne had a long tenure as a senior executive at Iron Mountain. Payne’s expertise will help the company further improve responsiveness, operational focus and customer service.
“I’m thrilled to join a world-class organization such as Bonded and I thank Jerry for his dedicated service in positioning the company for success,” said Barry Payne, Bonded CEO. “Our new management structure will help drive performance to new levels for our customers across the entire operation. This realignment will allow us to better leverage and align the strengths and diversity of our entire company. The goal is simple. We will ensure our customers will continue to receive the reliable and dependable services they are expecting and entitled to.”
Erik Pence and John Reeves, who both joined Bonded in 2012 through the acquisitions of their respective businesses, are now serving as Territorial Presidents. Pence, the founder and former President of Inception Digital Services, is now overseeing the company’s North America markets and worldwide digital strategy. Barry Nulman has been appointed Senior Vice President of Bonded Digital, tasked with leading the global digital effort under Pence. John Reeves, founder and former CEO of Global Logistics in the United Kingdom, is overseeing our markets across Europe and Asia and is working closely with Pence and Nulman to expand Bonded’s digital offerings in these territories. Gold will maintain a relationship with the Company in a consulting capacity going forward.
Bonded now offers a full suite of services in six countries covering all key worldwide media markets, with digital hubs currently in the United States and United Kingdom. The full-service company can digitize, store (both physically and digitally) and distribute media content throughout the globe more quickly and efficiently than other competitors in the market. The in-house solution provides a seamless chain of custody offering, operational and budgetary efficiencies and unrivaled security. These attributes ensure that the integrity of the archive is maintained throughout the entire process.
With best-in-class digital services, archive, preservation and climate-controlled storage, Bonded will continue to be a dominant force in the industry.
Bonded Services is a recognized leader in the provision of media asset management, logistics & distribution, supply-chain and related services. These services have been specifically developed to service global media and entertainment customers and other industry sectors, which produce high value physical and digital assets. Bonded has been serving the entertainment industries since the 1930s and now cares for 8 million physical assets for more than 1,400 clients worldwide. In addition to its core physical and digital storage business, Bonded offers digital distribution services for its customers to all media platforms, including online, mobile, television, VOD, cable and satellite and delivers content to all major retailers and broadcasters, including iTunes, Amazon, Netflix, Sony Playstation, Microsoft Xbox, CinemaNow, InDemand, Comcast, Echostar, Blockbuster, Hulu and Vudu.
Bonded is an affiliate of The Wicks Group of Companies, L.L.C. and AEP Capital LLC.
April 24, 2012
NEW LOOK REFLECTS ITS MARKET LEADING POSITION IN THE SAFEGUARDING OF PHYSICAL AND DIGITAL ASSETS
Bonded Services Group LLC is today launching its new corporate identity following recent acquisition by The Wicks Group of Companies.
The company will now operate under the new identity which includes a new logo, re-designed sales and marketing collateral and an updated website (www.bonded.com) all created by integrated marketing agency Ambition Communications.
The re-design comes hot on the heels of the company’s acquisition by The Wicks Group of Companies to refresh the brand and signify the change in the company’s overall offering. The more contemporary look clearly communicates Bonded Services position as a leading supplier in the asset management industry as well as the company’s on-going commitment to innovation and exceptional customer service.
Jerry Gold, Chief Executive Officer at Bonded Services commented; “The acquisition of Bonded Services by The Wicks Group of Companies was a really exciting development for us and provided Bonded Services with the perfect platform to develop our identity. It reflects our commitment to innovation and stands us apart from our competitors. Ambition Communications has designed an identity of which we are extremely proud and hope will help us build existing relationships and attract new customers.”
February 21, 2012
THE WICKS GROUP OF COMPANIES, LLC and AEP CAPITAL LLC announce the acquisition of Bonded Services Group Limited.
New York, NY (June 30, 2011): The Wicks Group of Companies, L.L.C. (“The Wicks Group”) and AEP Capital LLC (“AEP”), today announced that an affiliate has completed the acquisition of Bonded Services Group Limited and its subsidiaries (“Bonded”) from affiliates of Berggruen Holdings. Bonded is a market leader in providing storage and media management services to the movie, music, television and other creative content industries as well as other businesses which have significant assets where specialized storage and retrieval service is highly valued. Wicks and Alpine have partnered with Jerome N. Gold, an executive with significant media industry experience and contacts, to consummate the transaction. Mr. Gold will lead the company as Chief Executive Officer and will be based in Los Angeles, CA.
“I am very excited to join with The Wicks Group and AEP to make this acquisition of Bonded” Mr. Gold said. “I have known the principals at both firms for many years and collectively, we believe our relationships and knowledge of the media and business services industries gives us an opportunity to grow the company into being the best provider of storage and retrieval services. I look forward to this new challenge and to working with our customers, the Bonded management team and my investment partners to continue to build this fine company.”
Bonded provides its storage services in Los Angeles, New York, London, Toronto, Paris, Amsterdam and Hong Kong. The Wicks Group and AEP will seek to leverage Bonded’s strategic footprint to grow its presence in markets that focus on the storage and care of valuable customer assets. Content owners will continue to need a trusted partner to preserve and help exploit their assets by finding opportunities for new uses that are being driven by changes in technology.
“Bonded has a strong reputation in its niche markets and we believe there are opportunities to expand the product offerings with key customers” said Daniel L. Black, Managing Partner at The Wicks Group. “We think Bonded can grow its business organically by providing services that are sensitive to the needs of content owners since the company’s leadership team has deep knowledge of the underlying businesses that use the services. There is also an opportunity to leverage our existing footprint to pursue acquisitions. Acquisitions will be a key component to driving growth and will provide us the opportunity to broaden our relationships.”
“We look forward to working with the management team, staff and world class customer base in the coming years” added Gregg Mayer, Managing Director of AEP Capital LLC. “Berggruen has been a fine steward of the business during its ownership, and we expect to take advantage of Bonded’s unique position in the future”.
Pillsbury Winthrop Shaw Pittman LLP acted as legal advisors to The Wicks Group on the transaction. Graubard Miller acted as legal advisor to AEP on the transaction.
About The Wicks Group of Companies, L.L.C. (www.wicksgroup.com).
The Wicks Group is a New York based private equity firm that invests in selected segments of the information, education, and media industries. The funds currently own or have owned companies in educational publishing, educational services, database and information services, affinity marketing services, consumer publishing, medical information services, radio and television broadcasting, outdoor advertising, and cable television distribution.
About Bonded Services Group Limited (www.bondedservices.com)
Bonded Services Group Limited is the recognized leader in the film storage and video archive services business with climate-controlled vaults that store over 8,000,000 reels of film, video and audio-related material worldwide. The company also provides a wide range of technical and inventory management services such as specialized vaults for film storage, tape storage, digital storage and other media and high value content storage services.
About AEP Capital LLC (www.aepcapital.com).
AEP 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.