StayLock Storage®, a self-storage company headquartered in St. Louis, announced today the acquisition of two facilities of Wynne and West Memphis, Arkansas-based Arkansas Security Storage (Arkansas Security). 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. Arkansas Security is a leading provider of secure storage space in the Wynne and West Memphis areas. Terms of the transaction were not announced.
The two facilities, which will now be under the StayLock brand, feature a total of 1,372 well-lit storage units comprising 188,000 square feet of self-storage space. Many of the units include climate-controlled storage and individual door alarms for enhanced security.
Said Bob Dunn, TSCP Managing Director, “The addition of these two Arkansas Security Storage locations to the StayLock family creates a significant presence for us in the east Arkansas area while expanding StayLock’s national capability to better serve customers.”