Notable acquisitions
Restore PLC acquired Datacare, based in Upper Heyford, in September 2010, followed by Formsafe.[3] Formsafe had been operating for 25 years with branches in West Sussex and Aberdare, Wales.
In April 2011, Restore plc announced the acquisition of Sargents Logistics and Sargents Archive.[4] Sargents, based in London, were in administration at the time of the acquisition.
Next for Restore plc, in July 2011, they acquired Management Archives of Leeds[5] and then Paterson Document Management of Glasgow[5] in September, followed by Brunswick Document Management of Middlesbrough[5] in November of the same year.
In October 2011, Restore Shred was formed.
Harrow Green was acquired in February 2012, which included a 50% share in Relocom. ROC Relocations was next in May 2012,[6] followed by M&L Document Destruction in August 2012.[7]
Middleton based Archive Solutions signed over their business to Restore plc in October 2012.[8]
In March 2013, Brabners Chaffe Street advised Restore plc on the acquisition of File and Data Storage Limited,[9] and both IT Efficient[10] and Atix of Sittingbourne in Kent[11] were acquired soon after in April of the same year.
In April 2013, Restore plc acquired an additional 33% stake in Relocom, the UK IT relocation business, taking its overall stake to 83%.[12]
Magnum Secure of Spennymoor in the North East of England was acquired in April 2014,[13] and a month later, Filebase of Washington, also in the North East of England, was acquired by Restore plc in 13 days in May 2014.[14]
Also in May 2014, Restore plc acquired Cannon Confidential.[12] The acquisition of Papersafe UK made the news in July 2014.[15]
In October 2014, Restore agreed a deal with Cintas Document Management (UK) Ltd, the UK records management and scanning division of US based Cintas Corporation.[16]
In January 2015, Restore plc announced that it had acquired the business and assets of Ancora Solutions, a document management business, from IPPlus plc.[17]
Having acquired ITP Group holdings in the middle of 2015[18] Restore were very quick to acquire The Data Imaging and Archiving Company in August 2015,[19] and Lancashire based, Crimson UK was also acquired in the same month.[20]
Chippenham in Wiltshire based Wincanton Records Management sold its records management business, one of the largest of its kind in the UK, to Restore plc in November 2015,[21] and in December 2015, Restore acquired Diamond Relocations, which fit alongside the Harrow Green acquisition.[22]
Restore plc completed its acquisition of Caerphilly-headquartered PHS Data Solutions from Personnel Hygiene Services Limited in August 2016.[23]
In January 2017, Restore announced the acquisition of ID Secured Ltd., which traded as Reisswolf London, from the UK based paper recycling firm Parry & Evans Ltd,[24] and in February 2017 Restore plc then acquired The ITAD Works of Surrey, to sit alongside the IT Efficient acquisition.[25]
In July 2017, the Group acquired the trade and assets of Solutions for Archiving, a Dorset-based records management business for £0.4m in cash. The provisional customer relationships acquired were £0.4m.[26]
In July 2017, the Group also acquired the shredding activities of Banner group for a cash consideration of £0.3m. The provisional customer relationships acquired were £0.3m.[27]
Baxter Confidential of Hampshire was acquired in August 2017 for a cash consideration of £1.4m. Cash of £0.1m was acquired as part of the net assets and the provisional customer relationships acquired were £0.6m and goodwill £1.0m.[28]
The Group then acquired Lombard Recycling Limited and Datashred Limited (together Lombard) for a cash consideration of £2.4m. The provisional customer relationships acquired were £1.1m and goodwill for £1.3m.[29]
In January 2018, Restore plc started the year with the purchase of Scanning Direct of Yorkshire and Papershrink of Peterborough.[30]
May 2018 saw the acquisition of TNT Business Solutions, the Records Management arm of TNT UK Limited.[31]
ORS Ltd, a Southampton-based scanning bureau was next to be acquired,[32] and in August 2018, the Group acquired Spinnaker Waste Management Limited, a Portsmouth-based Waste Electrical and Electronic Equipment (WEEE) and electronic waste recycling for £0.5m.[33]
Function Business Location Ltd, a London-based removal business, was also acquired in 2018,[34] and the start of October saw Safe-Shred UK Ltd acquired.[35] The technology company Green Magnet Ltd was acquired at the end of October 2018.[36] October 2018 also saw the acquisition of scanning business Document Capture co Ltd.[37]
