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New Deal


Announced

Clutter to acquire The Storage Fox for $152m.

Financials

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Transaction Value£121m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Natural

Acquisition

Storage Facilities

Pending

storage portfolio

United States

Private

Single Bidder

Synopsis

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Clutter, a tech-enabled storage company that manages the pickup, storage and retrieval of your belongings, has acquired The Storage Fox portfolio for $152m. The Storage Fox portfolio is comprised of four properties in New York, including Long Island City, Brooklyn, White Plains and Yonkers, bolstering Clutter’s presence in the largest city in the US. “In the spirit of saying ‘yes’ more, we are proud to offer self-storage services to customers who need local access and want to know their belongings are close at hand. This hybrid strategy of self-storage and on-demand storage has been our vision from the beginning. It represents an exciting milestone in our long-term strategic plan to create a platform for people to manage their belongings." Ari Mir, Clutter co-founder and CEO.

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