Storagely expands into Midlands with acquisition
Self-storage facility Storagely have successfully acquired the U Can Store It -Coventry in a transaction representing the expansion of the company’s operations into a further Midlands site.
The company are a relatively new entrant to the market, currently operating two self-storage sites in Dudley and Preston.
The corporate finance team at PKF Smith Cooper acted as lead advisers to the shareholders of Storagely, providing comprehensive support throughout the acquisition process.
This included developing an acquisition strategy, identifying targets that closely met the criteria, unlocking deal opportunities, valuing potential acquisitions, assessing funding options, leveraging deep industry knowledge to agree terms, and managing the transaction through to completion.
The acquisition of U Can Store It – Coventry marks the first step in Storagely’s growth strategy to establish itself as a key regional player in the self-storage market.
It represents a significant milestone, strengthening their market position and expanding their geographic footprint, with additional funds earmarked for future acquisitions.
Jack Dunn, finance director at Storagely, said: “The PKF Team were supportive throughout the process and played a pivotal role in identifying this opportunity.
“Their sector knowledge was invaluable, and I would highly recommend them to any owners seeking expansion.”
The transaction was advised on by the PKF Smith Cooper Corporate Finance team, led by Tom Joy with support from Jason Sackey.