U-Storage & Extra Space Storage

posted in: Recent Transactions | 0

Selected Transactions – Mexican Company and International Publicly Traded Company: U-Storage & Extra Space Storage (NYSE: EXR)


  • Mexican market leader in self-storage facilities with aggressive expansion plans looking for an experienced partner that could share its international knowledge of the industry, name recognition and best practices

PC Capital’s Role

  • Determined the value of U-Storage’s existing portfolio as well as the appropriate cost of capital for the industry in Mexico
  • Presented a valuation analysis to the company and the potential partner that served as a basis for negotiating a capitalization for U-Storage’s expansion plan
  • Conducted valuation analysis and presented transaction recommendations to shareholders

U-Storage’s partnership with Extra Space Storage created the industry’s largest and most experienced competitor in Latin America


  • Creation of the country’s largest self storage player in partnership with the second most important self-storage developer in the world
  • Acquisition of a minority position in U-Storage under attractive conditions for the investors and the company
  • Acquisition of best practices
  • Creation of an expansion plan with an investment of more than US$ 400MM for the development of 50 new facilities