DeVries Business Services acquires Pasco document-shredding concern
Transaction included accounts for 100 clients, one mobile shred truck
Chey ScottJuly 19th, 2012
Spokane-based DeVries Business Services has bought the assets of a Pasco-based mobile document destruction company called Green Shred LLC.
DeVries' President and CEO Patrick DeVries says the transaction was completed on June 30, but he declines to disclose the terms of the sale. He says the owner of Green Shred had been looking to sell the company so he could pursue other interests.
As part of the transaction, DeVries has acquired around 100 new customer accounts in central Washington and northeast Oregon, as well as Green Shred's lone document-shredding truck. DeVries Business Services since has closed the former Green Shred office in Pasco, but will continue to serve those clients out of its Spokane headquarters, located at 601 E. Pacific, he says.
DeVries says that while Green Shred had one other employee in addition to its former owner, DeVries Business Services didn't retain that employee through the transaction, so the company will be adding one full-time position to serve its newly acquired clients.
"The acquisition was a reasonable way for us to grow," DeVries says. "With the headquarters here, we have a great market area to service and can serve communities in more outlying areas."
He adds that the company currently is working to acquire another Inland Northwest-based company that provides similar services, but he declines to disclose any other information regarding that potential acquisition.
DeVries says that because his company offers a full-range of document management and destruction services, including digital information destruction from hard drives, phones, and other devices, the new clients it gained through the purchase will have access to those services in addition to document shredding.
DeVries Business Services also provides assistance to its customers in compliance with privacy and nondisclosure laws, he says, as well as secure courier services, document tracking, and professional office moves.
In addition to that, Devries says the company accepts, free of charge, old computers and televisions as part of a partnership with the state's E-Cycle Washington program, which seeks to help residents properly dispose of and recycle old electronics.
DeVries Business Services was founded here in 1985 and currently employs 30 full-time workers.