WESTFIELD, IND. – Storage Solutions Inc. is pleased to announce it has been acquired by a private capital investment group comprised of two firms, Merit Capital Group based in Chicago and MFG Partners based out of New York.
Founded in 1978 primarily as a distributor of new and used warehouse equipment, Storage Solutions has expanded to work with warehouses and distribution center clients in the design, assessment, and installation of warehousing materials. Storage Solutions also serves as an integrator of technology, robotics, and automation into operations. In 2012, Storage Solutions became an employee-owned company, which drove its recent rapid growth with four consecutive record years.
“We were presented with a unique opportunity to allow for accelerated growth within our industry,” explained Kevin Rowles, who will remain as President & CEO of Storage Solutions. “Through additional capital to support our growth initiatives, this partnership will give us the ability to expand product and service offerings, pursue merger and acquisition opportunities, and execute on our aggressive strategic plans.”
Both Merit Capital Group and MFG have experience in assisting firms in the supply chain industry. Merit Capital Group joins with a focus on manufacturing and service businesses and provides experienced management in an established industry to businesses with healthy cash flows and growing market share. MFG traditionally partners with existing company leadership to identify and execute on growth opportunities and operational initiatives.
“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 successful previous 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 and deliver high touch customer service,” Evan Gallinson, Managing Director at Merit, said. “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.”
“We are extremely excited about our partnership with the Storage Solutions team. The Company has grown consistently over its 40-year history by providing its customers with end-to-end warehouse storage systems customized for their specific needs. Given the rapid growth in e-commerce and increased demand for warehouse solutions, the Company is well-positioned to take advantage of these trends,” said MFG Partner Jonathan Schilowitz.
“We are committed to broadening our high level of in-house service offerings to our clients as we grow our new partnership with the teams at Merit Capital Group and MFG Partners,” explained Rowles. “As a leader in the supply chain industry, the SSI Team will continue a “trusted advisor” commitment to our clients as they navigate their future operational challenges and opportunities.”
The company will continue to expand on current operations based out of Westfield, Indiana, with additional offices in Kansas City, Nashville, Dallas, Pittsburgh, Los Angeles, and Orlando.
For more information on Storage Solutions, visit www.storage-solutions.com.
About Storage Solutions Storage Solutions Inc. (SSI) is a team comprised of warehouse design experts who collaborate and partner with distribution or fulfillment operations throughout North America and across the world. Our “simple, smart, strategic” approach allows us to provide solutions for every square foot of your warehouse. Learn more at www.storage-solutions.com.
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