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Crozier to Acquire Artex Fine Arts ServicesMarch 22, 2018
Acquisition will add five facilities and more than 160,000 square feet, strengthening Crozier Fine Arts offerings across all major art markets in US.
NEW YORK – March 22, 2018 – Crozier Fine Arts, an Iron Mountain Incorporated (NYSE: IRM) company and the nation’s leading fine art storage and logistics provider, is pleased to announce the acquisition of Artex Fine Arts Services. The acquisition includes Artex’s portfolio of clients and network of facilities in Washington, DC; New York; Boston; Fort Lauderdale and Los Angeles – totaling 160,000 feet of storage space. Additionally, Artex President and CEO John K. Jacobs will join Crozier in a senior leadership role going forward. The move underscores Crozier’s status as the North America’s most comprehensive art storage and logistics company, now comprising of fourteen facilities offering over 860,000 feet of storage nationwide and five crate production facilities to Crozier’s existing operational footprint.
Founded in 1990 by John K. Jacobs and Todd Herman, Artex offers fine art transportation, storage, crating/packing, and collection management to museum, gallery, private and commercial clients. The acquisition marries Crozier’s reputation for client service and art handling excellence with Artex’s unique capabilities, including a consulting division that manages large scale transportation, conservation specialists, and an optimized logistics routing process. These enhancements significantly expand Crozier’s service offerings, including its specialized Museum & Institutional offering, which is uniquely positioned to meet the needs of this highly visible and influential segment of the fine art market.
The acquisition comes on the heels of Crozier’s appointment of Tom Hale, former global commercial director of Lisson Gallery and vice president of sales and development at UOVO, as Senior Vice President and General Manager. “I am excited to join Crozier at this pivotal moment in the company’s growth and history,” said Hale. “Uniting Crozier’s network of facilities with those of Artex, and leveraging Artex’s strong brand and deep expertise in working with museum and institutional clients positions Crozier for significant growth and momentum in both North America and on a global scale. The opportunity to play a leading role in that growth is one that I am thrilled to take on.”
“While Crozier’s reputation for art handling and private collection management is renowned, we are delighted to extend our ability to comprehensively address the nuanced needs of all our clients,” said Crozier President Simon Hornby. “To now manage all domestic transportation requirements in-house, while also extending our reach into institutions and museums, provides a unique offering across all client categories. For example, in the case of loans and touring exhibitions, we will now be able to manage all services elements within a single coast-to-coast unified network utilizing our 14 specialized art storage locations and over 450 highly trained staff – creating a unique environment of safety and security for these shipments.”
About Crozier Fine Arts
Based in New York, Crozier Fine Arts is an industry-leader in art storage and an advocate for worldwide commercial standards. A component of the Adjacent Businesses segment within Iron Mountain Incorporated (NYSE: IRM), Crozier Fine Arts provides services that support the art management lifecycle, from initial purchase to final sale; including secure storage, climate-controlled vaults, viewing areas, consultation, installation and project management services, and international shipping capabilities for art industry professionals and collectors all over the world. For more information, visit www.crozierarts.com.
About Iron Mountain
Iron Mountain Incorporated (NYSE: IRM), founded in 1951, is the global leader for storage and information management services. Trusted by more than 225,000 organizations around the world, and with a real estate network of more than 85 million square feet across more than 1,400 facilities in over 50 countries, Iron Mountain stores and protects billions of valued assets, including critical business information, highly sensitive data, and cultural and historical artifacts. Providing solutions that include information management, digital transformation, secure storage, secure destruction, as well as data centers, cloud services and art storage and logistics, Iron Mountain helps customers lower cost and risk, comply with regulations, recover from disaster, and enable a more digital way of working. Visit www.ironmountain.com for more information.
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Christian T. Potts
Iron Mountain Incorporated
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