Announced

Completed

SROA Capital completed the acquisition of StayLock from Cequel III and Thompson Street.

Synopsis

SROA Capital, a fund manager, completed the acquisition of StayLock, a provider of storage facilities intended to offer multi-state storage services, from two investment firms Cequel III and Thompson Street. Financial terms were not disclosed. “Our investors, managers, and employees did an outstanding job over the last five years, integrating 22 acquisitions, enhancing operations and customer service, and building StayLock Storage into a company of which we could all be very proud. The underlying strengths of the self-storage industry combined with the uniquely strong performance of our team made us an attractive acquisition target to a larger, well-respected aggregator of self-storage assets like SROA Capital," Mike Pizzella, Cequel III Vice President.

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