Self storage firm swoops for rival
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Rapidly expanding Nottingham-based self-storage company Quick Self Storage Holdings has acquired the Darlington site and operations of Dainton Group Services, a well-established operator with 17 self-storage sites across the South-West and North-East.
Quick Self Storage appointed PKF Smith Cooper to assist with identifying and unlocking potential acquisition targets amidst a company-wide push to embark on a series of acquisitions that focus on already established storage operations.
The firm’s acquisition strategy will be complemented by the addition of greenfield self-storage sites located within the Midlands.
Tom Joy, assistant manager at PKF Smith Cooper, said: “We are thrilled to have advised Quick Self Storage, alongside Pennington Manches Cooper, on its landmark first acquisition of established self-storage operators.
“We were able to leverage our knowledge of the sector to identify and unlock a number of strategic acquisition targets and will continue to support the business on further acquisitions as Quick Self Storage continues to expand its footprint across the UK.
“As the first of what is intended to be many acquisitions of this nature, it’s clear that the uniquely modern Quick Self Storage has an exciting future ahead, expanding across the UK.”.
Darren Hodson, Tom Joy, and Joshua Gurton of PKF Smith Cooper provided lead advisory support to Quick Self Storage, with Gary Devonshire providing support on tax structuring.
Adam McGiveron and Emma Bryant, from Pennington Manches Cooper, provided legal support to Quick Self Storage.
Emma Richards from Knights provided legal support to Dainton Group Services.