StorageMart welcomes New Partners
Torys acted as counsel to the global institutional investor with a team that included Jared Fontaine, Michael Horwitz, Steven Rotchtin and Kevin Chan (corporate/M&A), Alex Tanenbaum (real estate) and Scott Semer (tax).
On October 13, 2020, StorageMart announced that a global institutional investor, along with Cascade Investment, L.L.C. and other investors joined majority owner E. Stanley Kroenke and the Burnam Family as partners in the business, in a transaction that values StorageMart at an enterprise value of approximately US$2.7 billion.
Together, StorageMart's partners are committed to helping the company achieve strategic scale and expand operations.
Further information can be found on PR Newswire's website.
StorageMart, founded by the Burnam Family, is a vertically integrated platform that owns, operates, and develops self-storage properties throughout the United States, Canada, and the United Kingdom.
Cascade Investment is a private investment entity the sole member of which is William H. Gates III.