Austin, TX (March 29, 2019) – In an effort to enhance and simplify self-storage operations, the SiteLink, storEDGE, and SpareFoot family of companies has acquired the self-storage portfolio of the payment processing provider, Select Merchant Solutions (SMS). Backed by Cove Hill Partners, this move empowers the combined family of companies to leverage its technology expertise to deliver a more efficient, intuitive, and seamless payment experience for both storage operators and consumers.
As part of this acquisition, the SMS CEO, Ron Park, and his team will be staying on to ensure that customer experience remains unchanged for SMS customers. Chuck Gordon will remain the CEO of the combined family of companies.
This move will enhance the existing SiteLink and storEDGE payment processing business by injecting even more valuable merchant services expertise into the organization to drive ongoing innovation.
“This is yet another example of how our team is expanding both the breadth and depth of our platform to offer the best solutions possible to storage industry customers,” said Gordon. “By bringing on Select Merchant Solutions’ portfolio of self-storage customers, we will unlock new value for all of our payment processing customers.”
“Chuck and his team have taken a technology-first approach that has enabled them to deliver a truly seamless payments experience,” said Park. “By combining our self-storage customer portfolios, we’re ensuring more storage operators can benefit from the SiteLink, storEDGE, and SpareFoot family of companies’ payment innovations both now and into the future. I couldn’t be more excited for what’s ahead.”
“Cove Hill Partners is proud to support the SiteLink, storEDGE, and SpareFoot family of companies as they continue to uncover new ways to serve the storage industry,” said Andrew Balson of Cove Hill Partners. “With expanded payments expertise, the combined companies willbe able to deliver a better payment experience for both operators and tenants. This is a great example of how Chuck and the team are moving the industry forward.”
To learn more about the combined companies’ merchant services offering, reach out to your account team today. For any other inquiries, please reach out to merger@storEDGE.com