Valore Ventures and Grays Peak Capital Acquire Spacesaver Interiors
Combining Spacesaver Interiors with portfolio company McMurray Stern, new East Coast operation strengthens national commercial storage and automated solutions capabilities.
Santa Fe Springs, CA (PRUnderground) November 1st, 2022
Valore Ventures and Grays Peak Capital today announced the acquisition of Spacesaver Interiors Inc., a leading provider of commercial storage solutions in the Washington, D.C. metropolitan region, for an undisclosed amount.
Spacesaver Interiors will combine into McMurray Stern, a Southern California-based storage and automation solutions company owned by Valore Ventures and Grays Peak. This acquisition grows McMurray Stern’s presence in a multi-billion-dollar industry, expanding capabilities in the government/military and enterprise sectors and scaling up its operations to meet surging demand for automation and storage at a time when speed and proximity to consumers and employees are paramount.
“By combining Spacesaver Interiors with McMurray Stern, we expand our geographical footprint, allowing us to offer even more guidance and optimal solutions for a wide variety of industries. We can meet them where they are coast to coast,” said Kenneth De Angelis, principal of Valore Ventures and president of McMurray Stern. “In today’s 24-7 logistics environment, our solutions help clients work faster and more efficiently than ever when it comes to micro-fulfillment, warehouse automation and workplace storage.”
McMurray Stern plans, designs and implements custom installations for commercial, government and military use, across diverse sectors including industrial, retail, office, healthcare, public safety, education and sports. In business for over 42 years, the company has evolved from custom shelving, lockers and racking for state-of-the art workspaces to include automated systems and robotics for warehouse and distribution centers.
Specialties include high-density mobile storage, automated storage and retrieval systems, weapons storage, evidence lockers, library shelving, climate-controlled vaults, mobile shelving systems and modular workroom furniture. McMurray Stern’s experienced design teams have produced a more efficient use of square footage, and improved last mile-delivery and micro fulfillment, better situating companies for demand surges fed by seasonal or sudden demands.
Spacesaver Interiors complements McMurray Stern’s business by adding key regional relationships and product offerings within the mid-Atlantic, and specifically the Washington D.C. metro area. CEO Amy Hamilton transformed the company founded by her parents in 1973 into a leading solution provider for customers such as federal agencies, the military, industrial owners, developers and manufacturers, healthcare organizations, museums, and public safety departments. The company is headquartered in Kensington, Maryland, with a distribution center in Silver Spring, Md. Both sites will remain open and operational. The acquisition also enhances McMurray Stern’s capability to support e-commerce, data center, and food and beverage customers.
“We are delighted to welcome this established and respected East Coast market leader to our portfolio,” said Scott Stevens, CEO of Grays Peak Capital. “The enhanced platform will broaden our customer reach, yield new product lines and accelerate our focus on tech innovation.”
Valore Ventures and Grays Peak Capital purchased McMurray Stern in 2018 to capture the anticipated growth in space optimization, which has only accelerated in recent years as e-commerce saw faster-than-expected adoption. “Consumer behavior has changed forever, forcing businesses to respond,” De Angelis said. “We help our clients with the mission-critical infrastructure and tools to reach peak organization and efficiency that delivers results.”
According to Stevens, McMurray Stern anticipates future acquisition announcements. “This space has seemingly unlimited growth potential, so we continue to identify key regional opportunities to expand the business and platform.”
About Valore Ventures
Valore Ventures is a boutique firm that invests in operating companies, as well as commercial real estate, redeveloping diverse value-add properties in select locations across the U.S.
About Grays Peak Capital
Grays Peak Capital is a global alternative investments firm currently managing assets for a diverse investor base of high-net-worth individuals, family offices and institutions. With offices in New York, Los Angles and Geneva, its strategies include venture, private equity, real estate and credit.
About McMurray Stern
McMurray Stern is a specialty contractor, with a reputation built on a fully integrated design build process that ensures projects are professionally managed from concept to execution. Each project is managed by a team responsible for design, order placement, planning, site meetings, installation, and service and maintenance. Installation and maintenance crew members are factory-trained employees of McMurray Stern.