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Iron Mountain to acquire Kane Co. affiliate

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Iron Mountain to acquire Kane Co. affiliate

Iron Mountain Inc., through Iron Mountain Information Management LLC, agreed to pay $415,000 to buy Kane Office Archives LLC, an affiliate of Kane Co., which recently filed for Chapter 7 bankruptcy liquidation, the Washington Business Journal reported.

A motion seeking permission to sell Kane Office Archives, its customer contracts, digital and tape inventory, files, books and other property held by the company was filed with the U.S. Bankruptcy Court in Baltimore by law firm Crowell & Moring LLP on Jan. 19.

Pioneer Capital Management LLC brokered the deal, according to the report.