IRM · Earnings call · 2026Q2T · Full report
Acquisition / Partnership / Divestiture
IRON MOUNTAIN INC · 2026-08-05 · Importance 47 · Surprise 60 · In source text
Iron Mountain acquired Groupe ATF, closing at the end of July or technically August 1, to expand its Asset Lifecycle Management capabilities in France and Belgium. Groupe ATF generates high-teens millions of dollars of annual revenue, with management expecting approximately $7 million of contribution in the second half of 2026 and low-20s EBITDA margins. The transaction was priced at approximately 5x-7x EBITDA, with expected cost and revenue synergies reducing the effective multiple below 5x.
Key facts
- IRON MOUNTAIN INC acquired Groupe ATF (closed end of July/technically August 1), a tuck-in expected to contribute about $7 million in the back half of 2026, with high-teens millions of annual revenue and low-20s EBITDA margin; purchase multiple ~5-7x EBITDA and expected to synergize well below 5x.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | committed | +0.3% | IRON MOUNTAIN INC acquired Groupe ATF (closed end of July/technically August 1), a tuck-in expected to contribute about $7 million in the… |