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New Deal


Announced

Completed

Public Storage completed the acquisition of ezStorage for $1.8bn.

Financials

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Transaction Value£1,311m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

self-storage

Private

Domestic

Friendly

United States

Majority

storage facilities

Other Specialty REITs

Single Bidder

Acquisition

Synopsis

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Public Storage, an owner, acquirer, developer, and operator of self-storage properties, completed the acquisition of ezStorage, an operator of self-storage facilities, for $1.8bn. “We are pleased to welcome the ezStorage customers to Public Storage’s industry-leading brand and platform. The acquisition is a direct reflection of Public Storage’s unique positioning for growth through acquisitions, development, redevelopment, and third-party management,” Joe Russell, Public Storage CEO.

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