FollettUSA, which operates 16 self-storage facilities under the Storage Star brand, has named Matt Garibaldi president of both companies. Under his leadership, FollettUSA will continue its investment strategy of building its management platform while offering investment opportunities to current and future partners, according to a press release.
Previously, Garibaldi was co-head of acquisitions for FollettUSA. He established the firm’s in-house self-storage management company, and oversaw more than $2 million in self-storage transactions in 2017 and 2018. Prior to joining the firm in 2017, he served as a principal for private-equity firm American Infrastructure Funds LLC. He was previously a senior associate at NGP Energy Capital Management and an analyst at Goldman Sachs Group Inc. Garibaldi earned a Master of Business Administration from the Stanford Graduate School of Business.
Based in Sacramento, Calif., and founded in 1989, FollettUSA began purchasing and operating storage facilities in 2003. The company also owns or operates 30 manufactured-home communities in 10 states.
Storage Star is focused on acquiring, developing and managing self-storage facilities in California, Colorado, Texas, Utah and Washington. Its portfolio contains 1.6 million rentable square feet in more than 12,000 units.