logo
logo

Storagemart Acquires New Store In The San Antonio Area

Mar 11, 2022•over 3 years ago

Acquiring Company

StorageMart

Acquired Company

Store

Manufacturing

Description

StorageMart has expanded into a new San Antonio location with the acquisition of a former Life Storage facility. The acquisition brings 99,833 total net rentable square feet, including 877 storage units, to the brand's portfolio. The new location will receive an updated security system, including video surveillance and electronic gate, and will transition to operate under StorageMart management and branding in the coming weeks.

Company Information

Company

StorageMart

About

Formerly known as Target Masters Storage, the newly acquired facility in North Columbia, Missouri, includes 146 storage units and 19,850 of net rentable square feet, with plans for expansion after initial renovations. The location offers a variety of options including drive-up units and warehouse space, with plans to add climate controlled storage options.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed