Go Store It Self Storage and Snapbox Self Storage Announce Major Merger, Creating a Leading Force in the Self Storage Industry

Charlotte, NC/Philadelphia, PA (August 26, 2024) – Go Store It Self Storage and Snapbox Self Storage announced today that the companies have merged, combining their industry-leading platforms to form one of the largest private self-storage operators in the United States. Operating as Go Store It Self Storage, the merged entity will oversee more than 10 million square feet of storage space and 145 locations across 23 states.

“The merger with Snapbox Self Storage represents a transformative step for both companies, providing the combined company with a more robust platform for growth and operational efficiency,” said Go Store It Ryan Hanks .

This strategic merger is designed to enhance operational efficiencies and spur growth across three key areas: acquisition, development, and third-party management. The new company will operate under the Go Store It Self Storage brand, with executive leadership including Co-CEO Ryan Hanks , Co-CEO Jake Ramage, MBA, MAI , President Matthew Lang , CFO Scott Hastings, CPA, CFA , Chief Investment Officer Evan Stephens , and COO Beau Agnello .

Jake Ramage, MBA, MAI , Snapbox Self Storage CEO, shared his enthusiasm about the merger: “The Snapbox team is excited to join forces with Go Store It. While the increases in operational scale and efficiency are key benefits of the merger, equally compelling is how well our skillsets and cultures align. We are confident that together, as one team, we will build one of the premier self-storage platforms in the U.S..”

As the merged company moves forward, it remains dedicated to delivering superior service to its customers while maximizing investor returns through strategic development and acquisition initiatives. With a strengthened national presence, the new entity is well-positioned to leverage its collective expertise and pursue growth opportunities more aggressively.

Go Store It Self Storage, a subsidiary of Madison Capital Group Holdings (“Madison Capital”), and Snapbox Self Storage are FrontRange Capital portfolio companies. FrontRange Capital has invested approximately $100 million in Madison Capital and its affiliates, including Go Store It, and is making a co-GP commitment to the new entity.

About Go Store It Self-Storage

Established in Charlotte, NC, in 2013, Go Store It Self Storage is an owner, operator, and developer of self-storage properties.? Go Store It Self Storage has 96 operating properties and 9 properties under construction and is known for its innovative approach and commitment to customer service.

About Snapbox Self-Storage

Established in Philadelphia, PA, in 2013, Snapbox Self Storage is an owner and operator of self storage properties. Snapbox Self Storage owns and manages 50 properties across the United States that specialize in leasing and creating operational efficiencies.

About FrontRange Capital

FrontRange Capital is a real estate private equity firm specializing in strategic partnerships with leading middle-market real estate companies. FrontRange provides both the capital and operational expertise for management teams to further institutionalize their businesses and execute their growth plans. The firm strives to serve its investors by being a partner of choice for real estate owners and operators, with investment opportunities and financial terms that reflect the value brought to each relationship. For more information, please visit frontrangecap.com.