Redishred Capital
Redishred Capital Corp. (CVE:KUT), operating as Proshred Security, was a publicly traded Canadian holding company that provided mobile document shredding and secure destruction services to U.S. business customers, growing through a 2024 roll-up of regional shredding and recycling operators before being acquired by Vital Records Control in February 2025.
- Company typePublic
- Founded2006
- HeadquartersMississauga, Canada
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Redishred Capital does
Redishred Capital Corp. (CVE:KUT), also operating as Proshred Security, was a Canadian-incorporated, publicly traded holding company that built and operated a network of document shredding and secure destruction businesses in the United States. Founded in 2006 and headquartered in Mississauga, Ontario, the company served business customers with compliance-driven secure document destruction needs through mobile shredding fleets and regional service facilities, delivering recurring shredding and recycling services as its primary revenue stream.
The company executed an aggressive roll-up strategy in 2024, completing four acquisitions — MDK Recycling LLC (January 2024), Select Shred, Inc. (May 2024), Select Shred in Florida (June 2024), and Confidential Shredding in New York and New Jersey (July 2024) — to consolidate a fragmented North American shredding market. Acquired targets operated at attractive unit economics (Select Shred generated approximately $0.3M USD in 2023 revenue at 35–40% EBITDA margins), and management framed the deals as accretive to cash flows and earnings per share. The roll-up expanded the company's geographic footprint across the Northeast and Southeast U.S. and added recycling capacity to the shredding core.
In February 2025, Redishred Capital was acquired by Vital Records Control (VRC Companies, LLC), a U.S. information governance provider. The transaction ended Redishred's status as an independent publicly listed entity and integrated its shredding operations into VRC's broader suite of offsite records storage, secure shredding, IT asset disposition, and digital records management services. Prior to the acquisition, the company had a market capitalization of approximately C$91.31 million, 51–100 employees, and was led by CEO Jeffrey I. Hasham and CFO Kasia Pawluk.
Redishred Capital firmographics
Firmographics- Name
- Redishred Capital
- Legal name
- Redishred Capital Corp.
- Website
- https://proshred.com
- Company type
- Public
- Founded year
- 2006
- Operating status
- Acquired
- Headcount range
- 51–100 employees
- Short description
- Redishred Capital Corp. (CVE:KUT), operating as Proshred Security, was a publicly traded Canadian holding company that provided mobile document shredding and secure destruction services to U.S. business customers, growing through a 2024 roll-up of regional shredding and recycling operators before being acquired by Vital Records Control in February 2025.
- Ownership category
- akta.pro rank
Redishred Capital industry classification
Industry- Product category
- Secure Document Destruction Services
- NAICS
- Document Preparation Services (56141)
- SIC
- Services-Detective, Guard & Armored Car Services (7381)
- akta.pro primary industry
- Confidential Document Destruction & Secure Recycling (Shredding) (IMAIAFAO)
- akta.pro secondary industry
- Confidential Document & Media Destruction (On-site Shredding Programs) (BPABALAI)
Keywords
Where Redishred Capital is headquartered
LocationHeadquarters
- HQ city
- Mississauga
- HQ country
- Canada
- HQ region
- North America
Markets served
Redishred Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Marketing or Sales, Infrastructure
Revenue model
- Document Shredding Services: The company provided shredding and recycling services, with Select Shred earning approximately $0.3 million USD in revenue in 2023 with an estimated EBITDA margin between 35% and 40%.
Go-to-market motion1 record
Distribution channels1 record
Redishred Capital product offering
Product offeringCore offering
Redishred Capital Corp., also known as Proshred Security, provided secure document shredding and destruction services to business customers across the United States through mobile shredding operations. The company's services focused on confidential material destruction to support compliance with data privacy regulations, with an expansion strategy built around acquiring regional shredding and recycling operators.
Product overview
Redishred Capital Corp. operated as a document shredding and secure destruction services company in the United States. The company provided secure shredding services, with operations across multiple U.S. states. Redishred Capital was also known as Proshred Security. The company pursued an expansion strategy through acquisitions, consolidating players in the document shredding services market.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- Select Shred acquisition expected to be accretive to cash flows and earnings per share
Companies that use Redishred Capital
Customer profileSegments1 record
Ideal customer profiles1 record
Redishred Capital technology and API
TechnologyAPI detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Redishred Capital partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Vital Records Control (VRC)major - acquisitionVital Records Control (VRC) acquired Redishred Capital, also known as Proshred Security. This acquisition enhanced VRC's presence in the information governance market, expanding service regions in document shredding and asset disposition, and complemented VRC's existing suite of digital and physical record management solutions.
Scale indicators1 record
Recent moves6 records
Expansion highlights4 records
Redishred Capital competitors and assessment
Company assessmentMarket position
Strengths4 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
Redishred Capital social profiles
Digital presenceRedishred Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Redishred Capital leadership team
Management profileNumber of profiles
Profiles2 records
Redishred Capital subsidiaries and ownership
Company hierarchySubsidiaries4 records
Redishred Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Redishred Capital M&A and investment
M&A and investmentM&A4 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Redishred Capital
What does Redishred Capital do?
Redishred Capital Corp., also known as Proshred Security, provided secure document shredding and destruction services to business customers across the United States through mobile shredding operations. The company's services focused on confidential material destruction to support compliance with data privacy regulations, with an expansion strategy built around acquiring regional shredding and recycling operators.
Is Redishred Capital a public or private company?
Redishred Capital is a public company. It is classified as corporate owned and is currently acquired.
When was Redishred Capital founded?
Redishred Capital was founded in 2006. It employs 51 to 100 people.
Where is Redishred Capital based?
Redishred Capital is headquartered in Mississauga, Canada, in the North America region.
How does Redishred Capital make money?
One revenue line is on record: document Shredding Services.
Does Redishred Capital have an API?
No public API is recorded for Redishred Capital.
What industry is Redishred Capital in?
Redishred Capital's product category is Secure Document Destruction Services. Its primary akta.pro industry code is IMAIAFAO, Confidential Document Destruction & Secure Recycling (Shredding), with a secondary code of BPABALAI, Confidential Document & Media Destruction (On-site Shredding Programs). Its NAICS code is 56141 and its SIC code is 7381.