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Storable Releases Self-Storage Tenant Insights Report

Storable Releases Self-Storage Tenant Insights Report
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Storable Acquires Newbook Property-Management Software for RV Parks, Campgrounds

Storable Acquires Newbook Property-Management Software for RV Parks, Campgrounds
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Storable Acquires Self-Storage Technology Firm CallPotential

EQT Acquires Majority Stake in Self-Storage Supplier Storable

Dec 21, 2020 Sweden-based investment firm EQT AB has acquired a majority stake in Storable, an Austin-Texas-based supplier of varied products and services to the self-storage industry. Expected to close by June 30, the deal will enable Storable to leverage EQT’s “technology, business-optimization and digital-transformation expertise,” with an eye toward international growth, according to a press release. Cove Hill Partners, Storable’s private equity owner, will retain a minority stake in the company, which is valued at about $2 billion, according to Bloomberg. Storable is comprised of Easy Storage Solutions, SiteLink and storEDGE, providers of facility-management software; SpareFoot, an online marketplace for self-storage units; SBOA Merchant Services, Select Merchant Solutions and SiteLink Merchant Services, providers of payment processing; and Bader and Storsmart, providers of self-storage tenant insurance. storEDGE also offers website-development and digital-marketing se

Storable Receives Majority Investment from EQT Private Equity – FinSMEs

Storable, an Austin, Texas-based software and technology provider to the self-storage industry, received a majority investment from EQT Private Equity. The amount of the deal was not disclosed. Under the terms of the agreement Cove Hill Partners and management will retain a minority stake in the Company. The investment will support Storable’s continued growth and innovation of its offerings. The company will benefit from EQT’s track record of advancing technology companies and vast expertise in accelerating digital transformation, leveraging its in-house resources and its global advisory network. The transaction is expected to close in Q2 2021, subject to customary conditions and approvals.

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