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Self-storage player StoreLocal seeks growth partner; mandates Highbury

Like self-storage businesses? Meet StoreLocal, a privately owned player that’s built a $300 million-plus portfolio across Australia and is kicking off a search for a growth-minded equity partner.

Street Talk can reveal StoreLocal’s co-founders, Rob Mactaggart, Mark Greig and Hans Pearson, have hired boutique corporate adviser Highbury Partners to reassess its capital structure as they seek capital to ramp up the portfolio. The business, founded in 2015, manages more than 30 self-storage assets across NSW, Victoria, Queensland, South Australia and West Australia.

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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com

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Original URL: https://www.afr.com/street-talk/self-storage-player-storelocal-seeks-growth-partner-mandates-highbury-20250121-p5l651