Strategic Storage Growth Trust’s $340 Million Merger with Strategic Storage Trust II

KeyBanc Capital Markets, Inc. served as financial advisor, and Bass, Berry & Sims PLC served as legal advisor, to the special committee of SSGT’s board of directors. KeyBanc Capital Markets, Inc. also provided a fairness opinion to the special committee of SSGT’s board of directors in connection with the transaction.

Strategic Storage Growth Trust, Inc. entered into a definitive merger agreement with Strategic Storage Trust II, Inc., pursuant to which SSGT will merge with and into a wholly-owned merger subsidiary of SST II. Under the merger agreement, SSGT stockholders will receive $12.00 per share in cash, which represents a total purchase price of approximately $340 million, including current outstanding debt to be assumed or repaid. The merger agreement was negotiated on behalf of SSGT by an independent special committee of SSGT’s board of directors, which was formed to conduct a review of potential strategic alternatives.

The special committee of SSGT’s board of directors, the SSGT board of directors, an independent special committee of SST II’s board of directors, and the SST II board of directors have each approved the merger agreement. The merger remains subject to the approval of SSGT’s stockholders, as well as other customary closing conditions.

Bass, Berry & Sims advised with a team including Richard F. Mattern (Picture), Oscar L. Thomas, Craig R. Turner, Taylor K. Wirth and Philip M. Lewis

Involved fees earner: Richard Mattern – Bass Berry & Sims; Oscar Thomas – Bass Berry & Sims; Craig Turner – Bass Berry & Sims; Taylor Wirth – Bass Berry & Sims; Philip Lewis – Bass Berry & Sims;

Law Firms: Bass Berry & Sims;

Clients: Strategic Storage Growth Trust, Inc.;

Author: Ambrogio Visconti