Acquiring Company
Public Storage
Acquired Company
Abacus Storage King
Frisco
AustraliaDescription
Public Storage has announced a non-binding offer to acquire all outstanding securities of Abacus Storage King. Together with Ki Corporation, they offer A $1.47 per security, aiming for approximately 50% ownership each post-transaction. The acquisition aims to deliver value and growth in the self-storage market.
Quick answer
Public Storage is acquiring Abacus Storage King, announced April 6, 2025. Public Storage is based in Frisco, Texas, United States.
- How much did Public Storage pay for Abacus Storage King?
- The deal value was not disclosed.
- What does Public Storage do?
- 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.
- Where are Public Storage and Abacus Storage King based?
- Public Storage is based in Frisco, Texas, United States. Abacus Storage King is based in Australia.
- Who are the decision-makers at Public Storage?
- Fundz holds 1 contact at Public Storage. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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.
- An alert the day Public Storage raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Public Storage, from your own LinkedIn network
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Fundz sees it the moment Public Storage makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
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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 April 6, 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 April 6, 2025. Public Storage has announced a non-binding offer to acquire all outstanding securities of Abacus Storage King. Together with Ki Corporation, they offer A $1.47 per security, aiming for approximately 50% ownership each post-transaction. 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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