Skip to content

Stark Customizes Buying Strategy for National Self-Storage Company

Case Study /

Stark Customizes Buying Strategy for National Self-Storage Company

Life Storage partnered with Stark Intelligence to understand utility spend across its fleet of buildings and align buying strategies to the company's mission and goals.

Business Challenge: Life Storage has more than 800 stores nationwide with limited portfolio-wide visibility into energy spend, utility terms, and pricing alignment.

Stark Solution: Stark Intelligence was hired to conduct an energy audit of all current and previous utility agreements. During the discovery phase, Stark was able to identify which agreements were up to date and which had expired. Stark categorized all accounts in deregulated networks and created buying strategies based on market factors and Life Storage’s risk tolerance. Stark was able to leverage the supply of Stark’s Commodity Advisor‘s portfolio to negotiate the best possible prices with ideal contract terms.

Results: Stark was able to lock in a rate for 550 deregulated accounts within the first 6 months of the initial engagement. Life Storage saved $532,000 over the first 12 months compared to year over year costs prior to engagement. The savings from year 1 will pay for the procurement services for the next seven years. All deregulated accounts have been identified and are currently under management by Stark Intelligence’s Commodity Advisors team.

Request Quote

One of our experts will be in touch within 1 - 2 business days.

or reach us by phone
716.693.4490

Request Info

One of our experts will be in touch within 1 - 2 business days.