Central States Manufacturing, Inc. Acquires Storage Structures, Inc. To Strengthen Enterprise
Tontitown, AR: Central States Manufacturing, Inc., a leading manufacturer of metal building components and packages, announced today its acquisition by merger of Storage Structures, Inc., an innovative national metal building subcontractor specializing in the self-storage industry. The transaction closed on December 30, 2022, and Richard Allen has been named President of Storage Structures, LLC.
The acquisition allows Central States to expand its portfolio of metal building solutions by adding advanced design and installation of complex multi-story self-storage facilities. In addition, the Storage Structures patented Alpha Framing System is a differentiator in the market with opportunities to expand beyond self-storage into other building applications.
“The synergies between the two companies will provide advantages to both customers and shareholders alike. Storage Structures is a leader in their industry with like-minded commitment to customer service and operational excellence,” said Jim Sliker, CEO of Central States. “They have been a premier customer and I am excited to welcome them as new Employee Owners.”
“This allows Storage Structures to merge deep steel-supply relationships and customer-focused manufacturing with our reputation of revolutionary products and service-oriented approach to construction,” said Richard Allen, President of Storage Structures. “This transaction strengthens our position as a provider to the self-storage industry.”
About Central States Manufacturing, Inc: Central States Manufacturing, Inc. (www.centralstatesmfg.com) was founded in 1988 and is headquartered in Tontitown, Arkansas. Central States is 100% employee-owned with over 1,200 employee owners and 11 manufacturing facilities, serving over 6,000 commercial, architectural, post frame, and residential customers across the United States. Central States is a leading manufacturer of metal building components with 14 metal roofing and wall panel profiles, along with a full line of trim, accessories, and structural purlin.
About Storage Structures, Inc: Storage Structures (www.StorageStructuresInc.com) was founded in 2007 and is headquartered in Villa Rica, Georgia. Storage Structures is a national leader of innovation and design for the self-storage industry with a dedicated nationwide team of experts who design, procure, and install metal building components for single story, boat and RV storage, bi-level and multi-story self-storage buildings. Storage Structures is the exclusive provider of the patented Alpha Framing System, which is engineered to significantly shorten construction time for multi-level construction and eliminate concrete staining on partition panels.
Representatives: Mitchell, Williams, Selig, Gates & Woodyard, PLLC, and Moore & Van Allen PLLC, served as legal counsel, and Chartwell Financial Advisory, Inc., served as financial advisor to Central States in the acquisition. Bryan Cave Leighton Paisner LLP served as legal counsel and Prairie Capital Advisors, Inc. served as financial advisor to Storage Structures.