Looking for a buyer.
• The Company offers a variety of secure services ranging from general document scanning and storage to specialized medical records custodianship, data management, and scanning of large blueprints and antique books. • Recurring Revenue – Customers sign multi-year contracts with an attractive recurring revenue component. Customers have a high satisfaction rate and projections call for an increase in revenue from $6.0m 2022F to $18m by the end of 2025 • Company has turned cash flow positive since we took control, has been growing at 80% annually, and will operate at an estimated 5% EBITDA margin in 4th quarter with a sizeable backlog of work that will drive revenue in 2023 as we invest in scanners, people, space. • Attractive structure pricing – This is a proprietary deal that came from one of our Limited Partners. • Exit opportunities –Exit opportunities are attractive in this industry with multiple PE firms targeting record management firms in New England. Other firms have previously closed at 13x multiples of EBITDA. • Rapid growth industry – The record management industry is expected to see a 16.8% CAGR through 2029 due to need for digitization in medicine and the growth in remote work. • $1 million out of the $3 million necessary has already been raised with tenured operating advisors joining the investment. • Fragmented industry – There is a large concentration of record management firms in New England which creates an opportunity for bolt-on acquisitions. • North Haven Value Add – One of North Haven Capital’s LPs with a successful operating background has invested and is taking an active role advising company management spending significant time on the ground.

listing type
exclusive representation
Business Services
New Hampshire, USA
To download teaser or contact poster, please sign in.