Iron Mountain, MakeSpace announce partnership for storage services
MakeSpace, an on-demand storage company, and Iron Mountain announced a new partnership to bring consumer storage services to 24 markets. As a part of this transaction, Iron Mountain will join a $30M financing round for MakeSpace, and MakeSpace will acquire Stashable, Iron Mountain's full-service, valet consumer storage business. This partnership combines MakeSpace's technology platform for consumer storage with Iron Mountain's storage, transportation and logistics operations. Additionally, MakeSpace will become a storage customer of Iron Mountain and deliver an initial 2.1M cubic feet of consumer storage. By providing financial and operational resources, this strategic partnership with Iron Mountain will help MakeSpace immediately scale to 20 new markets, bringing the company's total footprint to 24 markets. Iron Mountain's network of facilities and operational resources give MakeSpace the opportunity to bring its technology to new markets without the time and capital investment required. Iron Mountain's capabilities will accelerate operational efficiencies for MakeSpace's existing storage service locations in New York City, Chicago, Washington, D.C. and Los Angeles, as well as position MakeSpace to scale into new markets in the future.