Storable Acquires StorageAuctions.com
Storable, which provides integrated technology solutions for the self-storage industry, has announced its acquisition of StorageAuctions.com, the online platform for self-storage auctions.
“Bringing StorageAuctions.com into the Storable family solidifies us as a truly comprehensive technology platform that spans the entire self-storage lifecycle,” stated Chuck Gordon, CEO of Storable. “Most operators find auctions challenging and time-consuming. We can now simplify the auction process as part of our end-to-end offering, transforming it into a more efficient experience that removes friction and enhances operations.”
According to a company press release, by integrating StorageAuctions.com’s online auction services, Storable expects to improve upon its existing offerings by including a auction module that addresses clearing delinquent units.
“Becoming part of the Storable team is a huge step forward for us,” said Lonnie Bickford, Owner of StorageAuctions.com. “It allows us to expand our auction services and capabilities by tapping into Storable’s cutting-edge technology and their wide presence across the storage industry. This partnership is going to transform how storage auctions are run and will help self-storage operators get the highest possible returns while providing an improved experience for bidders and buyers”
The acquisition was finalized on June 4, 2024. StorageAuctions.com will operate as a division of Storable. Current customers of both companies can expect seamless continuation of all existing services and support.
Further Reading:
More Content
Popular Posts
The self storage industry is in a precarious...
The REITs new pricing strategy – lowering...
With the approval of both companies’...
There are an estimated 700,000 hotels in the...
Boat and RV storage has morphed and...
In a booming economy, expendable income...
It’s said that necessity is the mother of...
National Storage Affiliates Trust (NSA), the...
Recent Posts
In the annals of human history, the concept...
As children, most of us played “follow the...
Imagine preparing to move and needing to...
The first contemporary self-storage...
The self-storage industry may have been slow...
nodaFi is a modern computerized maintenance...
With construction costs, interest rates, and...
For nearly a year now, the “hot talk of the...