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Tag: Massachusetts

Moove In Self Storage acquires Massachusetts-based company 

York-based Moove In Self Storage acquired a Northampton, Massachusetts-based self-storage company, adding more than 650 storage units to the company’s portfolio. 

The Hamptons Self Storage joins Moove In’s 44 locations across Pennsylvania, Maryland, New Jersey, Connecticut, Iowa and Massachusetts.  

The storage facility opened in April 2021 and is located across the street from one of Moove In’s already existing properties. The 650 units include 75,450 square feet of storage space. 

Moove In plans to combine the former Hamptons Self Storage with its three other properties in Northampton after purchasing 5.25 acres of land adjacent to the site. 

“With the addition of this property and land acquisition, we are able to offer our Northampton customers yet another trusted location for safe self-storage,” said Brian Foran, director of operations for Moove In. “The Northampton community has always been welcoming to our presence, so offering this property, which is a brand-new building and additional land, allows us to give back to them. We are eagerly anticipating the addition of a parking component on the 5.25 acres of vacant land in the near future, so that we are able to offer vehicle storage, which is very exciting to the community. “ 

HB Global acquires New England firm, creates new division

Harrisburg-based HB Global LLC, the holding company for mechanical contractor H.B. McClure, has extended its reach north to New England via acquisition and created a new operating division in the process.

The Dauphin County company on Tuesday announced it has acquired North Shore Mechanical Contractors Inc., a specialized plumbing and piping firm based in Massachusetts that caters to industrial and commercial clients in biotechnology, life sciences and advanced technology. North Shore is a $25 million company covering eastern and central Massachusetts, southern New Hampshire and southern Maine.

HB Global officials said North Shore will become the company’s fourth division. In addition to H.B. McClure in Harrisburg, the holding company also owns IT Landes in Montgomery County and Nash Plumbing and Mechanical in Florida.

Each division maintains brand identity in its respective region and is capable of making acquisitions to expand its regional footprint. Last month, IT Landes purchased Indian Valley Mechanical in Montgomery County.

Indeed, North Shore will follow that blueprint. HB Global’s vice president Jeri Donadee said North Shore, which was founded in 1984, is a well established company in the New England region. HB Global wanted to preserve that brand.

The North Shore deal adds 85 employees to HB Global’s roster, which is now more than 1,100 employees across the East Coast. Donadee said projected revenue this year has grown to about $240 million.

HB Global finished 2018 with nearly $163.5 million in revenue, according to Business Journal records.

Much of HB Global’s growth has come through acquisitions. HB Global, which was formed in 2017 to extend H.B. McClure’s geographic reach outside of Pennsylvania, purchased three companies last year and it has made three deals so far this year.

Before creating the holding company, H.B. McClure had been on a buying spree. After forming an employee stock ownership plan in 2010, H.B. McClure completed 12 deals between 2011 and 2016.