Investee Company Name: Baron’s Self Storage
Investment Amount: €1.83m
Reason for Investment: Growth capital
The Goodbody 2018 EIIS Fund has invested €1.83m in Barons Self Storage. The capital will support the continued scaling of the operations through funding for additional storage capacity.
Established in 2003 and incorporated in 2013, Barons Self Storage has an existing 100,000ft² unit situated in the Riverside Commercial Estate, Tuam Road, Galway.
With the EIIS Funding, Baron’s expect to move into a new market in Limerick, with the sale agreed of a 20,000ft² warehouse already completed, and the installation of a mezzanine floor to be completed to bring the lettable space to 26,000ft².
Barons Self Storage is an established leader in its market with a strong record of profitability and positive cash flow. It has a great exposure to a range of industries including Multinationals, Hospitals, Health Care, Solicitors, Banks, Financial Industry, IT Industry and Insurance Industry.
Our investment in Barons in 2018 puts us in a great position to potentially further invest as the company grows. It is a market leader with strong profitability margins, while also having progressive growth plans for the future.