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Redishred Capital

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uuid003hfwl

Namestring
Redishred Capital
Legal namestring
Redishred Capital Corp.
Websiteurl
proshred.com
Company typeenum
Public
Founded yearint
2006
Descriptiontext

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.

Short descriptiontext

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.

Operating statusenum
Acquired
Ownership categoryenum
Headcount rangeband
51–100
akta.pro rankint
HeadquartersMississauga, Canada
HQ citystring
Mississauga
HQ countrystring
Canada
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
document shredding services, secure destruction services, mobile shredding, paper shredding, information security
Industry2 codes
1Confidential Document Destruction & Secure Recycling (Shredding)
CodeIMAIAFAOPrimaryYes
2Confidential Document & Media Destruction (On-site Shredding Programs)
CodeBPABALAIPrimaryNo
NAICS code1 code
  • Document Preparation Services56141
SIC code1 code
  • Services-Detective, Guard & Armored Car Services7381
Product category
Secure Document Destruction Services
Social media profiles1 record
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Document Shredding Services
TypeSubscription Recurring
Description

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%.

wallstreet-online.de
Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Personnel, Operations, Supply Chain, Marketing or Sales, Infrastructure
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

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.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 value
  • Select Shred acquisition expected to be accretive to cash flows and earnings per share
Product overview1 text field

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.

Scale indicator1 record

Each record includes

Type, Value, Description, Source

Partnership1 partner
1Vital Records Control (VRC)
Strategic tierMajor - AcquisitionTypeOthersAnnounced on2025-02-10
Description

Vital 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.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Competitive moat3 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles2 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries4 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Redishred Capital

Secure Document Destruction Servicesproshred.com

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.

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

  • Document shredding services
  • Secure destruction services
  • Mobile shredding
  • Paper shredding
  • Information security

Where Redishred Capital is headquartered

Location

Headquarters

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

  1. 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 offering

Core 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 profile

Segments1 record

Ideal customer profiles1 record

Redishred Capital technology and API

Technology

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Redishred Capital partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • Vital Records Control (VRC)major - acquisitionOthers · 10 February 2025Vital 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 assessment

Market position

Strengths4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

Redishred Capital social profiles

Digital presence

Redishred Capital financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Redishred Capital leadership team

Management profile

Number of profiles

Profiles2 records

Redishred Capital subsidiaries and ownership

Company hierarchy

Subsidiaries4 records

Redishred Capital funding detail

Funding detail

Funding 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 investment

M&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.

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Live signals
Ticker ReportRediShred Capital (CVE:KUT) Trading Up 0.2% – Time to Buy?RediShred Capital Corp.'s stock price traded up 0.2% to C$4.96 on Tuesday, with approximately 990 shares exchanged, significantly below the stock's average daily volume of 40,833 shares. The company has a market capitalization of C$91.31 million and operates in the document shredding and secure destruction business in the United States. This article is a stock quote page with market data rather than a substantive news report.BarchartRedishred Capital Corp. Announces the Acquisition of Confidential Shredding in New York & New JerseyRedishred Capital Corp. completed the acquisition of Confidential Shredding LLC on July 29, 2024, for an estimated purchase price between $3.2 million and $3.5 million USD. The transaction includes assets such as shredding trucks and client relationships in New York and New Jersey, with Redishred viewing the deal as accretive to its cash flows and earnings per share.YahooRedishred Capital Corp. Announces the Acquisition of Confidential Shredding in New York & New JerseyRedishred Capital Corp. completed the acquisition of Confidential Shredding LLC, a provider of on-site shredding and recycling services, effective July 29, 2024. The transaction, valued between $3.2 million and $3.5 million USD, is financed through Redishred's senior credit facility and aims to expand the company's operational footprint in New York and New Jersey. Management views the deal as accretive to earnings, citing expected synergies from overlapping service routes.WebdisclosureRedishred Capital Corp. Acquires Confidential Shredding in New York and New JerseyRedishred Capital Corp. has completed the acquisition of Confidential Shredding LLC for a purchase price ranging from $3.2 million to $3.5 million USD, effective July 29, 2024. The transaction enhances Redishred's operational footprint in New York and New Jersey, incorporating Confidential's assets and client relationships. The deal is expected to be accretive to Redishred's cash flows and earnings per share.Insider FilingsRedishred Capital Corp. Announces Acquisition of Safe Shredding in North New JerseyRedishred Capital Corp. has completed the acquisition of the Safe Shredding business located in North New Jersey for approximately CAD$6.4 million through its wholly-owned subsidiary. The transaction includes on-site shredding trucks, client relationships, and other equipment, with payment structured via cash, promissory notes, shares, and earn-outs. Redishred views this acquisition as accretive to its operating income and earnings per share.AktienRedishred Capital Corp. Announces the Acquisition of Select Shred in FloridaRedishred Capital Corp. completed the acquisition of Select Shred, Inc., effective May 31, 2024. The transaction involves a company with approximately $0.3 million USD in 2023 revenue and an estimated EBITDA margin between 35% and 40%. Redishred views this move as accretive to its cash flows and earnings per share.YahooRedishred Capital Corp. Announces the Acquisition of MDK Recycling LLCRedishred Capital Corp. completed the acquisition of MDK Recycling LLC, a Michigan-based provider of paper and hard drive shredding services, effective January 2, 2024. The transaction, valued between $0.5 million and $0.8 million USD, is intended to expand Redishred's operational footprint in the United States, specifically entering the Detroit market. This move supports the company's strategy to grow its document destruction and recycling business through strategic acquisitions.NewsfileRedishred Capital Corp. Announces Acquisition of Shred Con in New YorkRedishred Capital Corp. completed the acquisition of the Shred Con business in Up-State New York for $530,000 USD, including client relationships and equipment. The transaction was financed using Redishred's cash reserves and a vendor take-back arrangement. Management views this move as accretive to cash flows and earnings per share.