Warehouse Anywhere is now a standalone business following a deal between a group of former Life Storage employees and Extra Space Storage (NYSE: EXR).
Extra Space sold the Warehouse Anywhere division of Life Storage to the new operators after acquiring the subsidiary as part of the recent merger of the two major storage operators. Life Storage launched the business unit in February of 2021. Deal terms were undisclosed.
The venture primarily serves small businesses, and facilitates last-mile delivery of goods to homes and other businesses. The company doesn’t own any real estate, instead renting storage space from operators including Extra Space Storage.
“They’re really passionate about that department, that business,” said Noah Springer, Extra Spaces chief strategy officer in an interview with Buffalo Business First. “It didn’t really line up with us and how we wanted to do it.”
Warehouse Anywhere – which make use of about 12,000 self-storage units nationwide, is a tech-enabled, third-party logistics business, provides supply chain solutions, such as using self-storage units nationwide to house inventory for customers as well as provide real-time data for inventory management and handling distribution, according to Anthony Habib, an owner and CEO of the new company.
Habib has led the division since early last year. His partners include Eddie Killeen, former Life Storage COO, and Steven Ciemcioch, former Life Storage president and head of business development. Ansir Junaid, chairman and CEO of the SupplySide Group based in Cleveland, Ohio, is an investor. The company is based in Williamsville in Upstate New York.
The new owners see growth potential in its offering and benefits from having their experienced workforce of 40 people. Warehouse Anywhere also may hire another five to 10 employees, and to give all employees an ownership stake, Buffalo Business First reported.
