Valore Ventures and Grays Peak Capital have acquired Santa Fe Springs, California-based McMurray Stern Inc, a provider of storage, workplace and records management solutions. No financial terms were disclosed.
LOS ANGELES (October 2018)—Valore Ventures and Grays Peak Capital purchased McMurray Stern Inc., a storage, workplace and records management solutions enterprise in Santa Fe Springs, California, for an undisclosed sum. The transaction marks the first joint acquisition for the two firms.
McMurray Stern plans, designs and executes custom solutions for commercial, government and military installations, across diverse sectors such as industrial, office, healthcare, public safety, education and athletics. Its 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.
“We expect McMurray Stern to reach approximately $15 million in revenues this year,” said Kenneth De Angelis, principal of Valore Ventures. “Space optimization is a major market driver and concern for every organization. Globally, the office storage and organization market, alone, is expected to double by 2025. McMurray Stern’s 40-year experience in providing customized solutions will be key in capturing some of that forecasted growth.
“Currently, McMurray Stern has a pipeline exceeding $20 million of transactions, including projects with the future Los Angeles Rams stadium and Kaiser Permanente,” said Greg Gawin, executive vice president of McMurray Stern. “We are very excited to work with Valore and Grays Peak executives whose experience and resources have benefited major national companies.”
Scott Stevens, CEO of Grays Peak Capital, stated, “We strategically look to add value and have identified key opportunities to expand the business and enhance customer service, including developing new product lines, continuing to improve its technology capabilities, and adding to the regional sales force.”
Servicing Southern California since 1980, McMurray Stern’s diverse customers have included the Los Angeles Metropolitan Transit Authority, U.S. Army Reserve Center, Los Angeles County Sheriff’s Department, Western Science Center, and University of California-Santa Barbara’s Library and Department of Special Research Collections.
About Valore Ventures
Valore Ventures (www.valore-ventures.com) 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 (www.grayspeakcapital.com) is a global investment firm that is focused on identifying emerging business trends and technologies across a variety of industries. It endeavors to invest in companies that are creating imbalances and disruption within their respective industry and short the companies that are negatively impacted by this disruption. Principals of Grays Peak believe that a rigorous and extensive data-driven due-diligence process should allow it to validate its investment thesis before investing.
The firm has several strategic partnerships and investments currently in place, and is actively pursuing additional partnerships and strategic growth opportunities.
Safe Harbor Statement
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