StayLock Storage®, a self-storage company headquartered in St. Louis, announced today its acquisition of a Cassat, South Carolina-based self-storage facility from Southern Property Enterprises. StayLock Storage is a platform company of Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis in partnership with Cequel III, a St. Louis-based management and investment firm. The new StayLock add-on is a provider of self-storage space in the Cassat, SC area. Terms of the transaction were not announced.
This latest acquisition, which will now carry the StayLock brand, features approximately 60,000 square feet of rental space comprising 319 storage units. Staylock also has self-storage facilities in nearby Camden, SC.