Iron Mountain Acquisition of Recall Holdings

Compass Lexecon was retained by counsel for Iron Mountain to analyze the competitive effects of its proposed acquisition of Recall Holdings Limited. Iron Mountain was the largest records management company in the U.S. and Canada, providing document storage and related services throughout both countries, while Recall was the second largest company providing these services both in the U.S. and Canada. Compass Lexecon performed extensive economic analyses of the competitive effects of the proposed merger, and presented these analyses to the U.S. Department of Justice and the Canadian Competition Bureau to assist counsel in crafting a small divestiture package to ultimately win the U.S. and Canadian governments’ approval of the merger. The Compass Lexecon team was led by Rick Flyer and Kirupakaran Ramaiah, assisted by Ben Xiao, Narsid Golic, Pat McQuillan and Sam Murray. The team worked closely with Iron Mountain’s outside counsel led by Steven A. Newborn, John E. Scribner, Laura A. Wilkinson and Alexis Brown-Reilly of Weil, Gotshal, and Manges LLP.