Cornerstone Records Management Announces the Acquisition of the Records Storage Business of Millennium Storage and Transfer Corporation

Columbia, MD – May 13, 2011 – Cornerstone Records Management, LLC announced today that it has completed the acquisition of the records storage business of Millennium Storage and Transfer Corporation, based in North Bergen, NJ.  The company provides secured storage of hardcopy records and services the New York Metro and New Jersey markets. 

“Millennium’s commitment to customer satisfaction and superior operations made them an excellent fit with Cornerstone’s core competencies and focus,” said Steven Sisney, President and CEO of Cornerstone.  “This acquisition, coupled with our acquisition of Secure Document Shredding this past month will accelerate Cornerstone’s momentum in the New York Metro region.”

“We look forward to providing our newly acquired customers with additional product offerings, including certified document destruction, data protection and imaging, while continuing to provide them outstanding customer service,” added Sisney.  Millennium will become part of Cornerstone’s New York Metro region which is headquartered in Hackensack, NJ.

The acquisition of Millennium represents the fourteenth acquisition completed by Cornerstone since June 2008, and reflects Cornerstone’s philosophy of growing both organically and through acquisition. 

Cornerstone is continuing to focus on rapidly growing its business in the Southern California, Denver, Northeast and Mid-Atlantic markets, and is evaluating entering other attractive growth markets.


About Cornerstone Records Management
Cornerstone Records Management, LLC is a full solution RIM partner, operating in select geographies, that helps our customers achieve their operating and compliance objectives in a flexible and responsive manner.  Serving a broad customer base, Cornerstone provides a wide range of services including the storage and management of hard copy records, both plant based and mobile document destruction services, electronic media vaulting, and digital imaging. Please visit Cornerstone RM for additional information.

   
About Sterling Partners
Sterling Partners is a leading private equity firm with over 25 years of experience partnering with entrepreneurs to build market-leading businesses and generate superior returns. With approximately $4 billion of assets under management, Sterling invests growth capital in industries with positive, long-term trends and provides ongoing support to management through a dedicated team of industry veterans, operators, strategy experts and human capital professionals. Sterling Partners is a leader in education, healthcare and business services and is co-headquartered in Chicago and Baltimore. For more information, please visit www.sterlingpartners.com.