StoreLocal
Liberty advises the management team of StoreLocal on its acquisition by BlackRock
Liberty Corporate Finance is delighted to announce we have advised the management team of Australian self-storage business StoreLocal on its acquisition by global asset manager BlackRock.
Established in 2010, StoreLocal is the country’s fourth-largest operator, with a network of more than 40 self-storage assets in Australia. The company operates a 24/7 unmanned store model complimented by a proprietary data analytics capability.
BlackRock will work with StoreLocal’s management team, which now has more than $1bn of secured capital. The team is aiming to drive growth via acquisitions and developments as well as the expansion of its third-party management platform and brand, to create a self-storage platform spanning $2bn in assets.
We’re grateful to Tom and the Liberty team for their clear, pragmatic guidance throughout a complex transaction. We’re thrilled to have BlackRock as a well-aligned partner, bringing their capital and expertise to support our strategic objectives.
Hans Pearson
CEO of StoreLocal
We are delighted to have had the opportunity to support Hans, Mark, Wim, and the rest of the StoreLocal team on this milestone transaction for StoreLocal. It has been a pleasure working with them and we look forward to witnessing their success in the next phase of the StoreLocal journey.
Tom Anning
Partner - Head of Asia Pacific
+61 424 065 316
[email protected]