Tue, 20 Jun 2023 | BUSINESS SALE
UK Storage Company Ltd has been sold to an investor syndicate.
As one of the UK's largest independent self-storage providers, UK Storage Company has a portfolio of both leasehold and freehold properties on 28 well-invested sites. The sites consist of 11,000 storage units equalling about 900,000 sq ft of built rentable space. The company also employs approximately 40 staff.
According to Companies House, UK Storage Company most recently reported Fixed assets of £14,926,067, Current assets of £2,147,422, Net assets equalling £9,767,887 and a profit of £4,758,411.
The investor syndicate which bought the self-storage company consisted of funds advised by Davidson Kempner Capital Management LP and Pithos Capital.
Keith and Cathy Taylor, owners of UK Storage Company Ltd, said: "We are delighted to have found a perfect match to drive the growth of the company we founded in 2005. After a rigorous sale process, we have no doubt that Davidson Kempner/Pithos Capital will continue to develop the company as the UK's largest independent self-storage provider and we look forward to following its progress.
"The finnCap Cavendish team, led by Nehal Patel, did a fantastic job, running a truly competitive process and managing the transaction with great skill. They were instrumental in delivering this deal and the successful outcome."
Partner of FinnCap Cavendish, Peter Gray and director Nehal Patel who were the lead advisers on the deal said: "We are very proud to have advised on this deal, further cementing finnCap Cavendish's expertise in the business services' space.
"This transaction is particularly significant given the company's scale in the UK, history of strong financial performance and as well as its huge growth potential."
Looking to buy a business? Read about how Analysis underlines importance of due diligence and integration.
An established wholesale supplier of solar PV installation components, this business offers immense potential with a strong foundation of repeat revenue and advantageous supplier relationships from years of trading.
This is a renowned engineering superstore in Wales, stands out with its diverse range of hard-to-find products and long-standing customer loyalty.
This established business offers a unique opportunity to acquire a well-regarded supplier of electrical installation goods, boasting a dual-channel model with diversified revenue streams and a robust presence in the regional market.
Looking for more businesses? Try our off-market tool.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.