Merit Capital Partners recently partnered with MFG Partners and the Company’s management team to acquire Storage Solutions, Inc. (“Storage Solutions” or the “Company”).
Storage Solutions, founded in 1978 and headquartered in Westfield, Indiana is a leading integrator, providing solutions for material handling and industrial storage equipment, including warehouse design, equipment procurement, and installation. The Company services a variety of third-party logistics, retail, and food & beverage customers. Storage Solutions works with numerous manufacturers throughout North America to secure cost-effective material handling and industrial storage equipment to fit its clients’ requirements in a timely manner. In addition to obtaining the specified equipment, the Company also performs the installation work with its own internal team as well as third-party installers.
Evan Gallinson, Managing Director at Merit, said, “Storage Solutions represents an exciting opportunity to partner with a proven leader in the material handling space; a business sector Merit knows well as a result of a prior investment. Over its more than 40-year history, Storage Solutions has been well known for its ability to create warehouse systems that address each customer’s specific needs while delivering high touch customer service. We are proud to partner in this investment alongside MFG Partners, with whom Merit has another Fund VI investment, and the Company’s strong leadership team led by Kevin Rowles.”
Merit provided subordinated debt and equity in this investment. Please contact Evan Gallinson or Lauren Hamlin for more details.