Pioneer Capital, LP is an asset management company formed in September 2000 by J. Peter Pierce to systematically diversify the investment portfolio of the Pierce Family following the sale of Pierce Leahy Corporation (NYSE "PLH") to Iron Mountain.
The company actively manages investments in the following areas:
- Publicly-listed U.S. and international equity and fixed income securities
- Real Estate
- Private Equity
Pioneer Capital leverages the collective business experience of its associates as well as third-party investment advisors when evaluating and making investments. Pioneer believes the experience attained while growing Pierce Leahy Corporation's business from the family's garage to a $350 million revenue company with more than 5,000 employees, provides it with a unique advantage when it comes to identifying promising business and investment opportunities.
About Pierce Leahy
The Pierce Leahy Corporation evolved from Pierce Business Archives, founded by Leo W. Pierce, Sr. in 1969. The family-owned company acquired Leahy Business Archives in 1990, increasing its annual revenues to $40 million. J. Peter Pierce became the President and Chief Executive Officer of Pierce Leahy in 1995, after serving 11 years as the firm's Chief Operating Officer. He orchestrated the company's successful initial public offering on the New York Stock Exchange which took place on July 1, 1997.
Between 1992 and 1999, Pierce Leahy Corporation acquired more than 60 information management firms, both domestic and international. As a result of both internal and acquisition growth, the company's real estate assets grew to more than 300 facilities worldwide, totaling more than 18 million square feet of warehouse space. Annual revenues increased to $350 million and the Company employed more than 5,000 people.
Iron Mountain Incorporated, the world's largest records management company, bought Pierce Leahy in February 2000, for $1.2 billion. J. Peter Pierce became President of Iron Mountain, then left the company in June 2000 to create Pioneer Capital, LP.