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Big Law

Extra Space Storage Completes the Largest Merger in Utah Business History

An announcement was made on Thursday that Extra Space Storage, headquartered in Salt Lake City, has finalized the acquisition of a self-storage company based in New York for $12 billion — making this the single largest mergers and acquisition transaction in Utah’s history.

This deal, a merger between Extra Space Storage and Life Storage, reportedly makes Extra Space the largest self-storage operator in the nation by store count with the addition of 1,200 new locations. All combined, this means the company now has a store count of 3,500 properties across 43 states.

Now with over 7,500 employees and more than two million customers, Extra Space Storage expects “significant growth opportunities for the team” with the increased store count.

Read the source article at ABC4

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