Acquiring Company
Public Storage
Acquired Company
Abacus Storage King
Frisco
AustraliaDescription
Public Storage and Ki Corporation have updated their offer to acquire Abacus Storage King for A$1.65 per stapled security. Due diligence has commenced following this revised non-binding indicative offer. The acquisition reflects Public Storage's strategy to expand in the Australian self-storage market. The transaction is subject to conditions and approval processes under Australian law.
Who to call at Public Storage, and when
When Public Storage changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
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Frequently asked
Who acquired Abacus Storage King?
Abacus Storage King was acquired by Public Storage, based in Frisco. The deal was reported on July 13, 2025. Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. Public Storage is publicly traded (PSA).
When did Public Storage acquire Abacus Storage King?
Public Storage's acquisition of Abacus Storage King was reported on July 13, 2025. Public Storage and Ki Corporation have updated their offer to acquire Abacus Storage King for A$1.65 per stapled security. Due diligence has commenced following this revised non-binding indicative offer. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Abacus Storage King do?
Abacus Storage King is one of the largest self-storage owners in Australia and New Zealand, currently managing about 126 operating properties and numerous licensed properties. It is privately held, and is based in Australia.
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