Manhattan Mini Storage
Classification
Private
Financials
Revenue & Profit
Valuation
Ratios
People
Deals
M&A2024-03-15Completed
Investor Sponsors NorthBridge PE | Stake Tags 100% |
Deal Amount $120M | Is PE deal Yes |
Target Company Valuation $1.20 MM | Is deal PE backed Yes |
Techniques Acquisition of Assets, Taken Private | Total Acquired 100% |
Investor Sponsors
Deal Amount
$120M
Target Company Valuation
$1.20 MM
Techniques
Acquisition of Assets, Taken Private
Stake Tags
100%
Is PE deal
Yes
Is deal PE backed
Yes
Total Acquired
100%
Secondary Transaction2023-09-01Canceled
Investor Sponsors -- | Stake Tags Majority |
Deal Amount Undisclosed | Is PE deal No |
Target Company Valuation -- | Is deal PE backed Yes |
Techniques Secondary Sale, Management Buy-out (MBO) | Total Acquired 65% |
Investor Sponsors
--
Deal Amount
Undisclosed
Target Company Valuation
NaN
Techniques
Secondary Sale, Management Buy-out (MBO)
Stake Tags
Majority
Is PE deal
No
Is deal PE backed
Yes
Total Acquired
65%
Funding
About
About
Manhattan Mini Storage, established in 1978 and headquartered in Manhattan, NY, is New York City's largest personal self-storage provider, operating across 18 locations with approximately 250,000 customers. In November 2021, it was acquired by StorageMart and now operates as a brand under StorageMart's global portfolio, no longer functioning as an independent entity. Product & Service Line Breakdown: 1. Personal & Household Storage Units - Ranging from small closet-size units (5'×5') to large spaces (10'×10'+), designed for belongings like furniture, seasonal items, archives, and more. 2. Business & Commercial Storage - Units tailored for business needs: inventory storage, office archives, event supplies, and workspace overflow. 3. Climate-Controlled Units - Climate-controlled facilities at all locations to protect sensitive items from NYC's temperature extremes. 4. Drive-in & Dock-Level Loading Bays - Convenient access with drive-up loading for easy move-in/out, supported by free off-street parking. 5. Security & On-site Management - Features include 24/7 video surveillance, secure gated access, raised docks, and on-site facility managers. 6. Flexible Rental Terms & Online Management - Rent units month-to-month with no long-term commitments; online reservations, account management, and automated billing available. 7. Package Acceptance Service - Complimentary service to receive and hold packages onsite for up to 48 hours. 8. Moving Services Partnership - Offers moving assistance through partner services with promotions like the first 2.5 hours free. 9. Auction Service - Conducts blind auctions of abandoned or delinquent units, as permitted by local regulations.
Keywords
Keywords
Classified
Private