M&A Deal Summary

StayLock Storage Acquires Mini Storage Depot - Four Locations

On September 29, 2017, StayLock Storage acquired real estate company Mini Storage Depot - Four Locations from Mini Storage Depot

Acquisition Highlights
  • This is StayLock Storage’s 8th transaction in the Real Estate sector.
  • This is StayLock Storage’s 8th transaction in the United States.
  • This is StayLock Storage’s 2nd transaction in Indiana.

M&A Deal Summary

Date 2017-09-29
Target Mini Storage Depot - Four Locations
Sector Real Estate
Buyer(s) StayLock Storage
Sellers(s) Mini Storage Depot
Deal Type Divestiture

Target

Mini Storage Depot - Four Locations

Fort Wayne, Indiana, United States
Mini Storage Depot - Four Locations feature 1,871 storage units with 227,790 square feet of rentable storage space. This brings StayLock’s total rentable storage space in northern Indiana to more than 680,000 square feet and more than 4,200 storage units.

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Buyer(S) 1

Buyer

StayLock Storage

St. Louis, Missouri, United States

Category Company
Founded 2016
Sector Real Estate
DESCRIPTION

StayLock Storage is a provider of self-storage, under the StayLock banner. The facilities feature 916 non-climate controlled storage units and 37 spaces for boat and vehicle parking with five locations in Northwest Indiana. Locations include Demotte, Hebron, Kouts, Wheatfield, and Winfield (Lake of the Four Seasons), Indiana. StayLock Storage was founded in 2016 and is based in St. Louis, Missouri.


DEAL STATS #
Overall 8 of 15
Sector (Real Estate) 8 of 15
Type (Divestiture) 1 of 2
State (Indiana) 2 of 3
Country (United States) 8 of 15
Year (2017) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-09 Iron Gate Self Storage

Beaverton, Oregon, United States

Iron Gate Storage is a local small business that specializes in mini-storage and truck rentals and caters to public, business, and government customers. Company have five conveniently-located Vancouver facilities as well as one facility in Beaverton. Iron Gate’s mission is to make storage and moving easy and convenient for all our customers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-04 BinTris Moving and Storage

Stevensville, Michigan, United States

BinTris operates four storage locations in the St. Joseph, Michigan area. BinTris has 1,055 units amounting to 124,000 square feet of storage space. Units are well lighted, highly secure, and include some with climate-controlled environments.

Buy -

Seller(S) 1

SELLER

Mini Storage Depot

Fort Wayne, Indiana, United States

Category Company
Sector Real Estate
DESCRIPTION

Mini Storage Depot is not your everyday, average self-storage property. Company offer several features and benefits at all locations and are confident you will find what you are looking for at any of our 12 locations. Call your local Mini Storage Depot to determine what features are available, and the friendly management staff will be sure to take care of your needs. Company main features include 24 hour access, 7 days per week, gated entry to all locations which requires an access code for entry, fully-fenced properties, video surveillance, well lit aisles, outside and climate-controlled storage, RV / boat / parking storage, clean and welcoming offices, and the friendliest management staff in the storage industry.


DEAL STATS #
Overall 1 of 1
Sector (Real Estate) 1 of 1
Type (Divestiture) 1 of 1
State (Indiana) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1