Russell Poore set to raise the search fund, but in the end decided to unreasonable search. He identified two target companies in the business of disposing of records, one in Salt Lake City, Utah, and one in Phoenix, Arizona. He raised capital from a private company, and in January 1998 the group acquired two companies to form the U.S. Shred. Salt Lake City, the company was in Chapter 11, immediately prior to the acquisition and Poore spent a lot of time and equity capital to move the company out of Chapter 11. Pur manage operations in Phoenix and brought in a partner to manage the city of Salt Lake operation. They have been successful in growing companies, and in the victory a major contract with a U.S. bank, which caught the eye of his biggest rival, ShredFast. ShredFast and USA Shred merged in June 1999.
In January 2001, the combined company was sold to the Omega, the U.S. subsidiary of the large Australian companies holding. The case highlights Pur key decisions regarding raising capital in pursuit of the contract a U.S. bank, merging with ShredFast, managing conflicts that arise in this partnership, and the final decision on the sale of a large corporation. "Hide
by Joel Peterson, Alicia Seiger Source: Stanford Graduate School of Business 18 pages. Publication Date: December 3, 2003. Prod. #: E164-PDF-ENG
Related Case Solutions & Analyses:
Inside Intel Inside
The Indian Tiger Prowls in Africa: Bharti Airtels Acquisition of Zain Africa
Taming the Dragon: Cummins in China (Condensed)
Mearl Oil Co.: Environmental Impact Targets (A)
Google’s Android in 2013: An Increasingly Dynamic Landscape
Carolina for Kibera, With Embedded Video
Performance Management at Intermountain Healthcare
Space Shuttle
Value Stream Mapping at SysInteg (A)
Introduction to Logic Functions in Microsoft Excel
