Washington, DC – April 25, 2018 – Cooley advised SiteLink Software on its agreement to sell to SpareFoot, an online self-storage marketplace. Marc Samuel and Mark Petry led the Cooley team advising SiteLink.
The deal was part of a larger transaction in which Cove Hill Partners, a private equity firm based in Boston, will acquire a majority stake in both businesses. SpareFoot CEO Chuck Gordon will become CEO of the combined company, and Ross Lampe will remain president of SiteLink with his team continuing to serve self-storage customers. The partnership with SiteLink will enable SpareFoot to find and deliver more tenants to facilities on its network and will accelerate technology investments at SiteLink.
“We have a unique opportunity to deepen our existing product integration and accelerate innovation,” said Markus Hecker, COO of SiteLink, in a news release. “We remain committed to delivering value and will use our combined resources to help our customers grow their businesses.”
SiteLink is a global leader in management software and payment processing serving the self-storage industry.
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