GreenPoint Partners is launching a platform specializing in industrial outdoor storage facilities for trucks and trailers, aiming for a $500M portfolio.
The company is partnering with Semi-Stow, a truck and trailer storage operator based in Austin, to operate the facilities in GreenPoint's portfolio. The venture has made its first two acquisitions, IOS facilities in Houston and Dallas-Fort Worth with a total capacity of more than 1,000 semis and trailers.
"Truck parking and trailer storage is a key component of the logistics and e-commerce value chain and a sector where innovation has historically been limited," said Chris Green, GreenPoint CEO, in a statement.
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