Announced
Completed
Synopsis
EQT Partners, a private equity firm, completed the investment in Storable, provider of software and technology to the self-storage industry. Cove Hill Partners and management will retain a minority stake in the company. Financial terms were not disclosed. "EQT is excited to invest in Storable and looks forward to partnering with Chuck Gordon and the entire team towards becoming the leading self-storage technology company in the world, doing so in a sustainable and future-proofed manner. The highly fragmented end-market for self-storage has experienced strong growth over the last several years and is undergoing significant digital transformation, for which EQT can provide global expertise. This investment demonstrates EQT's strong interest in partnering with best-in-class technology companies supported by secular growth trends, exemplified by the self-storage industry," Arvindh Kumar, EQT Partner.
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