Mergers & Acquisitions ·
On June 22, 2026, Public Storage Operating Company (PSOC) entered into an agreement to acquire all outstanding…
PSAPublic Storage
On June 22, 2026, Public Storage Operating Company (PSOC) entered into an agreement to acquire all outstanding membership interests of PS Canada Holdings, LLC from Grant Gustavson, Greer Gustavson, and 4G Thoroughbreds, LLC. The aggregate upfront purchase price is approximately $1.2 billion, comprising $889 million in 2,762,108 PSA OP units (valued at $321.98 per unit) and approximately $310 million in cash. Sellers may receive additional earn-out consideration of up to 768,000 PSA OP units (valued at $375 per unit) based on net operating income performance targets. The transaction is subject to customary closing conditions and regulatory approvals. Public Storage operates in the real estate investment trust (REIT) industry, specializing in self-storage facilities.