Shred First Makes Acquisition

South Carolina-based company expands its coverage to Alabama, part of Florida.

Shred First LLC has announced the expansion of its footprint with the roll up of Power Shred of Alabama.

 

This transaction expands the service area of Shred First to include all of Alabama and the Florida panhandle. Shred First currently serves South Carolina, North Carolina, Georgia, Texas and Northern California with processing facilities in South Carolina, Texas and California. The company also services national contracts through its extensive network of sub-contractors.

 

Nick Wildrick, CEO of Shred First, says, “Power Shred is led by two excellent owners, Ron Lane and Stuart Arrington, who have lead the company to its stellar growth. Upon closing both will become shareholders in Shred First and will continue to manage Alabama.”

 

Ron Lane, president of Power Shred, says, “We at Power Shred are very enthusiastic about this deal because of Shred First’s expertise in the industry, its commitment to growth, our employees and customers.  We anticipate immediate benefits for our customers as well as new opportunities for our associates. This is a great deal for us and we are eager to continue our work in the industry by joining such a dynamic team as Shred First.”

 

Commenting on the agreement, John E. Bauknight, IV, president of Shred First, says, “We are very pleased to add the Power Shred employees and customers to Shred First. This transaction is our initial step in growing the company into the largest privately held document destruction company in the nation.”
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