Argus Professional Storage Management ("APSM"), a prominent self-storage management company, has signed a contribution agreement to combine with SmartStop Self Storage REIT, Inc. ("SmartStop") (NYSE: SMA). Fennemore guided APSM through the deal, supporting the company's strategy for national growth.
Through this transaction, APSM gains access to resources and capital, positioning the company for long-term expansion and enhanced competitiveness. The combined company will own or manage more than 460 self-storage properties across North America, significantly expanding its footprint in a market that continues to grow. The full agreement news release is available here.
In this matter, Fennemore attorneys Nicholas Thompson, Chris Levkulich, and Erik Olson advised APSM through the process, balancing regulatory and financial considerations with the strategic vision behind the combination.
"In representing APSM in this matter, the Business and Finance team drew on this deep transactional experience to structure and negotiate this major agreement in the self-storage industry," said lead counsel Nicholas Thompson. "By leveraging their knowledge of corporate finance and deal-making, our attorneys were able to support APSM in achieving a transaction that positions the company for growth and continued success within a competitive national market."
The APSM–SmartStop transaction underscores the continued consolidation of the self-storage industry, a trend reshaping competition and investment strategies in commercial real estate and illustrates how strategic combinations can unlock value and competitive advantage in industries experiencing rapid consolidation. It also highlights Fennemore's commitment to advising clients through transformative deals that shape their future.
Fennemore's Business and Finance group represents companies at every stage of growth, from formation through mergers, acquisitions, financings, and beyond. By combining practical business insights with sophisticated legal counsel, our attorneys help clients navigate transactions that align with their long-term goals.