January 4, 2011. Topspin LBO, together with Gotham Private Equity Partners, L.P., today announced that they have acquired TwoTwenty Records Management, LLC (“Two-Twenty” or the “Company”). In conjunction with this investment, TwoTwenty has acquired two successful regional platform businesses, Storetrieve Inc. in Los Angeles, CA and Arizona Records Storage Centers in Phoenix, AZ. Two-Twenty is also actively pursuing several additional acquisition targets.
Two-Twenty offers outsourced storage, archiving, digital services, and electronic data vaulting, as well as transportation of multiple media types including documents, computer back-up tapes, and film and sound archives.
Two-Twenty was founded by Avishay Levanovsky, a seasoned veteran of the records management industry. Mr. Levanovsky will lead a senior management team that has longstanding relationships and experience in the industry. Mr. Levanovsky stated, “We are thrilled to have Topspin and Gotham as our equity partners. Their expertise in business services will be helpful as we look to grow the Company.”
Leigh Randall, Managing Director at Topspin LBO, said, “This is a great addition to our portfolio. We invested in Two-Twenty because the Company has significant growth opportunities and the right team to capitalize on it.”
Greg Prata, Vice President at Gotham Private Equity, said, “We have been following the RIM industry for years and we are excited to have the opportunity to partner with Topspin and an outstanding management team in building this platform.”
Topspin LBO is a Long Island, NY-based private equity fund that makes control investments in profitable and established lower middle-market businesses. The firm often invests in sectors such as consumer products, business services, food/beverage, retail, niche manufacturing and security. The team at Topspin LBO has considerable operational expertise and has partnered with management teams in building businesses of varying stages and sizes, both at Topspin as well as prior firms. Additional information on Topspin LBO can be found at www.topspinlbo.com.
Gotham Private Equity Partners, L.P.
Gotham Private Equity, based in New York, is an independent private equity firm that originates, executes and manages private equity investments in lower-middle market companies in the United States and Canada. Gotham is comprised of a seasoned and cohesive team of investment professionals with significant experience in private equity, M&A and leveraged finance. Additional information on Gotham can be found at www.gothamequity.com.