Oasis Records Management Acquired
By Sverica International and Housatonic Partners
This is a Press Release edited by StorageNewsletter.com on June 5, 2009 at 3:42 pmOasis Holdings Limited has been acquired by Sverica International and Housatonic
Partners.
Oasis is a growing company in the records storage industry, serving
customers in the financial, legal, healthcare, and government sectors.
The company’s service offerings include hard copy storage, media
storage, imaging, digital archiving, and destruction. Oasis is
headquartered in Dublin, Ireland with additional offices in Belfast and
London.
Sandro Mina, Managing Director at Sverica International, commented: "We
are delighted that our relationship with Housatonic Partners and the
management of Oasis has culminated in this investment. Oasis is an
example of Sverica’s strategy of investing in business service
companies with recurring revenues and a track record of strong internal
growth. We look forward to working with our partners and management to
drive continued growth through strategic and operational initiatives."
Will Thorndike, Managing General Partner at Housatonic Partners,
commented: "We are excited to add Oasis as our fourth investment in
records management, an industry which exemplifies the economic
characteristics we focus on. Oasis has a broad customer base and
significant growth momentum. We look forward to working closely with
the management team and Sverica International to further build the
company."
Glen Reid, Interim CEO of Oasis, added: "We welcome this partnership
with Sverica International and Housatonic Partners, firms that share
our commitment to building long-term client relationships. The
partnership will allow us to leverage Sverica’s and Housatonic’s
resources and industry experience to continually improve our services
to current customers as well as to enter new markets."
About Sverica International
Sverica International is a leading private equity firm with over $425
million of assets under management across three funds. The firm
acquires, invests in and actively builds companies that are or could
become leaders in their industries. Since 1993, Sverica has maintained
a ‘high touch’ operating philosophy of taking an active role in
portfolio companies. Sverica devotes significant internal resources to
help its management teams develop and execute growth strategies.
About Housatonic Partners
Housatonic Partners is a private equity investment firm founded in 1994
with more than $650 million in capital under management. Housatonic
invests in growing, profitable companies in the recurring services,
media and communications industries. Housatonic has partnered with
exceptional management teams in more than 50 small to mid-sized
companies in these industries over the last 15 years.