[applecore]

Great to finally see some competition in this space.

Like a lot of other lesser-known industries, private equity has consolidated all the top self-storage software management solutions.

SpareFoot acquired SiteLink[1]. The combined SpareFoot and SiteLink were acquired by Cove Hill Partners[2], a private equity firm founded in 2017, and merged with storeEDGE[3], a third company, to form Storable[4], the company behind SiteLink, storEDGE, and SpareFoot. Storable just acquired Easy Storage Solutions[5], a fourth company, a few months ago. SpareFoot, SiteLink, storEDGE, and Easy Storage Solutions are now all the same company.

[1]: https://www.sparefoot.com/self-storage/blog/20604-sparefoot-...

[2]: https://www.wsj.com/articles/cove-hill-acquires-sparefoot-si...

[3]: https://www.storedge.com/merger

[4]: https://www.storable.com/

[5]: https://www.insideselfstorage.com/suppliersvendors/storable-...

[agent_007]

Thanks for this post. I own a self storage company and use Easy Storage Solutions and had no idea Storable recently acquired them. I enjoyed working with a smaller, privately owned software company. Knowing this has peaked my interest in Open Unit. Taylor - this could be a good marketing angle to take.

I have submitted multiple feature requests to Easy Storage Solutions but none of them have been acted on. If you guys are open to feedback I'd love to get involved. We could use my facility as a testing ground. I have 250 units over 15k sq ft.

[taylorcooney]

We should connect over the next few days. I think this warrants a further conversation between our groups. Please send an email when you’ve got a moment - I can be reached at [e-mail]. Since Day One, Lucas and I have included operators in the discussion to dictate the functionality and we’d love to have you included at the table as well.

[lucasplayford]

You've been watching the space, that's for sure!

We definitely see that there is a large opportunity given the recent consolidation.

There’s been a huge reduction in the optionality available to storage owners and operators when it comes to choosing the software they need to run their businesses.

Often when there is consolidation in a market you end up in a scenario where customers’ voices are lost in the cacophony of competing interests. Sadly, this is often to the detriment of the smaller businesses.

We’re hoping to change that and be the partner that smaller operators can trust to help them succeed.