March 23, 2010 3:40 PM
Alligator Self Storage, a Scottish self storage chain, has announced that it plans to expand into two or three more sites this year. It has already acquired 12 new locations over the past several months, thanks to the tireless efforts of founder Alister Jack. Jack financed the acquisition of the 12 new locations, which came from Australian investment bank Macquarie, with 20 million from Merrill Lynch (through Bank of America).
“We have the ability to finance the acquisition of more sites,” Jack told Scott Reid of Scotland on Sunday yesterday. “We would like to buy two or three in the next year, though there’s quite a bit to do in terms of integrating the latest sites.” [More]