Two-Twenty Records Management, a Carlstadt, NJ-based multi-regional leader in the records management industry, delivering Smart Storage Solutions™ to customers across numerous industries, received a financing from Balance Point Capital, in conjunction with its affiliated funds, Balance Point Capital Partners II, L.P. and Balance Point Capital Partners III, L.P.
Balance Point arranged and led a $124m debt financing to fund acquisitions by Two-Twenty and Topspin. The financing was also used to retire existing debt and provides available capital for future growth investments.
Led by Doug Mann, CEO, Two-Twenty Records Management provides outsourced physical storage and retrieval of documents, as well as ancillary services such as indexing, imaging, scan-on-demand and certified document destruction, delivering compliance and governance while minimizing risk.
It is a portfolio company of Topspin Partners, a middle market private equity fund based in Mamaroneck, NY.