Outrig Expands Its Portfolio with Strategic Acquisitions
Outrig has recently made strides in enhancing its presence in the competitive RV storage market by acquiring two prominent RV storage facilities. This expansion sees the company's national storage portfolio grow from 12 to 14 properties, showcasing their commitment to offering top-tier services to RV owners.
Introduction to the New Facilities
The newly acquired locations include the Oakley Executive RV and Boat Storage in the Bay Area and All Valleys RV Storage in the greater LA market. These facilities are recognized for their exceptional RV and boat storage solutions, placing Outrig in advantageous positions within their respective submarkets. Given California's vibrant recreational market, these acquisitions align perfectly with Outrig's strategic goals.
Enhancing the RV Ownership Experience
Both transactions fit seamlessly into Outrig's broader objective of developing a robust and customer-centric portfolio. By prioritizing the needs of RV owners, Outrig is set to offer a full suite of amenities and services at these new locations. Excitingly, plans are in place to rebrand both properties as Outrig facilities in the near future, further integrating them into Outrig's growing network.
Leadership Insights
Leadership at Outrig has expressed enthusiasm regarding these developments. Jon Pollan, the Senior Vice President at Outrig, shared insights into the acquisition process, emphasizing the considerable investment of time due to the complex ownership structures involved. He highlighted the historical significance of both locations, stating they have long been on Outrig's radar because of their strategic positioning.
Positive Reception from the Sellers
The sellers involved in the transactions also praised Outrig's approach. Bob Hayworth, who played a role in the Oakley deal, noted the importance of ensuring that customer focus remained a priority during the transition. Hayworth remarked that Outrig displayed adaptability and commitment throughout the intricate sale process, making them an ideal partner.
Broker Perspectives and Future Collaborations
Sean Ruhlman, a broker who represented the sellers, described Outrig as straightforward and highly capable buyers in the RV and boat storage sector. He expressed eagerness to continue collaborating with Outrig on potential future deals, underscoring the enduring reputation that Outrig is building in the industry.
Background on Outrig and Their Mission
Founded in 2020, Outrig, originally known as goHomePort, was established by an expert team of investors and operators dedicated to simplifying the RV ownership experience. The company aims to provide comprehensive services within its storage locations, from convenient amenities to dependable on-site repairs. Over the years, Outrig has not only expanded its offerings to include commercial and self-storage but has also prioritized creating a seamless and stress-free experience for all customers.
Contacting Outrig for More Information
For those interested in learning more about Outrig and their innovative services, visiting their website will provide a wealth of information. Outrig is committed to improving and expanding its services nationwide, ensuring both RV owners and tenants have a reliable partner for their storage needs.
Frequently Asked Questions
What recent acquisitions has Outrig made?
Outrig has acquired two RV storage facilities, Oakley Executive RV and Boat Storage, and All Valleys RV Storage.
What is Outrig's mission?
Outrig aims to make RV ownership easy through comprehensive storage solutions and services.
Who is the Senior Vice President of Outrig?
Jon Pollan serves as the Senior Vice President of Outrig, overseeing strategic operations and growth.
What types of storage does Outrig offer?
Outrig provides RV, boat, commercial, and self-storage solutions at various locations.
How can I contact Outrig?
You can contact Outrig's President, Dennis King, via email at Dking@outrig.com for more inquiries.
