U-Haul Acquires Storage Business On Main Street In Mitchell; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
U-Haul has acquired the Simply Stor-it facility in Mitchell, South Dakota, marking its first U-Haul-operated facility in the city. The facility is the only climate-controlled self-storage in Mitchell. The acquisition is part of U-Haul's efforts to meet the moving and self-storage demands of its customers in the area. The financial terms of the deal were not disclosed.
September 19, 2023 | 6:13 pm
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U-Haul's acquisition of the Simply Stor-it facility in Mitchell could potentially increase its customer base and revenues in the area. However, the financial impact of the acquisition is unclear as the terms were not disclosed.
The acquisition of the Simply Stor-it facility could potentially increase U-Haul's customer base and revenues in Mitchell, as it is the only climate-controlled self-storage facility in the city. However, without the financial terms of the deal, it's difficult to assess the exact financial impact on U-Haul.
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