St. Louis-Based StayLock Storage Acquired by SROA Capital

SROA Capital Fund VIII announced today that they have closed the purchase of 100% ownership stake in the company from St. Louis-based management and investment firm Cequel III and St. Louis-based private equity firm Thompson Street Capital Partners.

“Acquiring large, regional operators like StayLock Storage is a core part of our rollup strategy to open new markets, to overlay our operational expertise, and to send our dedicated in-house acquisitions team into these new markets to continue to bolt on and invest in smaller, independent self-storage operators”, says Benjamin S. Macfarland III, CEO of SROA Capital.
Read more about our next acquisition on St. Louis Post-Dispatch.