Tech Consolidation in the Self Storage Industry

I noted in a previous blog post that the self storage industry has witnessed a number of significant changes in recent years. One of the more eyebrow raising consolidations in my industry unfolded over the past month as a private equity fund acquired two of the big actors on the self storage cyber stage.

The acquirer: Cove Hill Partners, a Boston-based private equity firm.

The acquired: Sparefoot, the leading lead aggregator in my industry, and SiteLink, the leading self storage management software provider.

The implications for my industry: Well, that’s what a lot of us are trying to figure out!

I attended a meeting in Atlanta this month with a few dozen of my private middle-market peers. We had the opportunity to hear from the founding partner of Cove Hill, Andrew Balson. And from the founder/presidents of both Sparefoot and Sitelink.

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