storable cove hill

Storable Welcomes New Investment Partner: EQT. EQT’s infrastructure fund has also made large U.S. investments in telecommunications, fiber and data centers. Advanced Search. Cove Hill Partners, Storable’s private equity owner, is expected to keep a minority stake in the Austin, Texas-based company, which makes software used by self-storage companies, the people said. Köpeskillingen har inte kommunicerats. About Cove Hill Cove Hill Partners is a long-term oriented private equity firm focused on partnering with outstanding management teams to build market-leading consumer and technology companies. About EQT Cove Hill Partners is a long-term oriented private equity firm focused on partnering with outstanding management teams to build market-leading technology and consumer companies. The transaction was announced on December 16, 2020, and is expected to close in 2021. Under the terms of the agreement Cove Hill Partners and management will retain a minority stake in the Company. In August 2018 , Cove Hill backed the acquisition of software and website developer storEDGE, bringing them under its growing family of self-storage tech companies. Ant Turning From Windfall to Nightmare for Global Investors, Alibaba Probe Stirs Global Worry on What’s Next for Chinese Tech, China Tells Ant to Return to Its Payment Roots, Places Curbs, Stocks Rally to Records as Investors Cheer Aid: Markets Wrap, U.K. Jana Haecherl, Marketing Communications Specialist. Under the terms of the agreement Cove Hill Partners and management will … Practices . We've already seen some improvement in integration, and look forward to all that is to come.". Storable har sitt huvudkontor i Austin, Texas och har cirka 440 anställda. Storable’s technology helps storage companies run their businesses and it also operates a consumer-facing portal called SpareFoot where people can browse for the best deals on self-storage near them. Zack sits on the Boards of Storable, LiveAuctioneers and Kalkomey. About Cove HillCove Hill Partners is a long-term oriented private equity firm focused on partnering with outstanding management teams to … Have a confidential tip for our reporters? Storable is backed by EQT and Cove Hill Partners and led by Co-Founder & CEO, Chuck Gordon. Under the terms of the agreement Cove Hill Partners and management will retain a minority stake in the Company. Stockholm-based EQT is making a U.S. push for software deals and has invested in companies in the space in the past few years including analytics company Innovyze and cloud-based, business-software maker Acumatica. “Storable is consistent with some of the software investments we’ve made in how it has a growing-end market that’s accelerating in terms of digital transformation,” Kumar said in an interview. Storable is backed by Cove Hill Partners and led by CEO, Chuck Gordon. |2 min read. On December 16, 2020, private equity firm EQT Holdings AB acquired information technology company Storable, Inc. from Cove Hill Partners Acquisition Highlights. Transaktionen beräknas vara genomförd under andra kvartalet 2021. Updates with confirmation from press release starting in first paragraph. More info: www.storable.com. Arvindh Kumar, an EQT partner, was hired last year from Iconiq Capital to boost the U.S. technology effort. Storable CEO and Co-founder of SpareFoot, "Over the last year, we've been impressed with the combined efforts of the SpareFoot and SiteLink teams to seek out feedback from clients," said Alyssa Quill, CEO at Storage Asset Management. Storable is backed by EQT and Cove Hill Partners and led by Co-Founder & CEO, Chuck Gordon. To learn more about Storable, visit www.storable.com. About Cove Hill Cove Hill Partners is a long-term oriented private equity firm focused on partnering with outstanding management teams to build market-leading consumer and technology companies. Chuck Gordon EQT is pleased to announce that EQT Private Equity has made a majority investment in Storable (“the Company”), a leading provider of software and technology to the self-storage industry. “Storable is consistent with some of the software investments we’ve made in how it has a growing-end market that’s accelerating in terms of digital transformation,” Kumar told the source. This is EQT Holdings AB’s 19th transaction in the Information Technology sector. Storable, the self storage industry’s leading technology provider, today announced that global investment organization EQT has joined Cove Hill Partners and the Storable management team as an investment partner in the Storable business. "Technology is very fragmented in the self storage industry, creating a challenge for owners to piece together different tools to manage the front and back end of their business," said Chuck Gordon, Storable CEO and co-founder of SpareFoot. Under the terms of the agreement Cove Hill Partners and management will retain a minority stake in the Company. Storable (f.k.a. Cove Hill acquired a majority stake in SpareFoot in 2018, when the online marketplace acquired SiteLink. Cove Hill Partners, Storable’s private equity owner, will retain a minority stake in the Austin, Texas-based company, which makes software used by self-storage companies. We put the best technology products in self storage under one roof. About Cove Hill A graduate of South Dakota State University with a master's in mass communication, Jana enjoys bringing technology, web marketing and industry news and tips to self storage owners and managers. Analytics & Behavioral Science Consulting (R&G Insights Lab) Storable is backed by Cove Hill Partners and headquartered in Austin, TX, with additional offices in Kansas City, KS, Raleigh, NC, and York, PA. Advertisement. Jana is a marketing communications specialist living in Kansas City. Storable is backed by EQT and Cove Hill Partners and led by Co-Founder & CEO, Chuck Gordon. About Cove Hill Services available through the Storable suite include: software, website services, merchant services, aggregated search and training. Evercore Inc. advised EQT and William Blair & Co. advised Storable’s majority owner Cove Hill Partners. Swedish private equity firm EQT said that it has bought a majority stake in Storable, a US provider of software and technology to the self-storage industry. Before it's here, it's on the Bloomberg Terminal. "With Storable, we're giving storage owners a suite of integrated products designed to streamline their day-to-day operations and maximize business growth." The potential acquisition comes as EQT weighs an exit for one of its biggest technology bets to date, SUSE. Storable is backed by EQT and Cove Hill Partners and led by Co-Founder & CEO, Chuck Gordon. Cove Hill Partners and management will retain a minority stake in the company. More info: www.storable.com. Storable. Bloomberg News reported last month that EQT is speaking to advisers about a potential initial public offering of SUSE that could seek a valuation of nearly $6 billion. Gordon, who co-founded SpareFoot while he was in college in 2008, said some of the new investment will go toward product and engineering. We have been pleased with the tech support, increased integration, and overall streamlining we have seen as these three companies become one full-service provider," said McKenzie Harrington, Marketing Manager at Self-Storage Consulting Group, LLC. Interested in submitting a press release to the News Wire? EQT and Storable could announce a deal as early as Wednesday, the people said, asking not to be identified because the matter is private. Contact [email protected] for details. More info: www.storable.com. Boston-headquartered Cove Hill Partners LP, which in 2018 acquired a majority stake in the Austin company, will retain a minority stake in Storable. Austin, Texas--(Newsfile Corp. - December 16, 2020) - Storable, the self-storage industry's leading technology provider, today announced that global investment organization EQT has joined Cove Hill Partners and the Storable management team as an investment partner in the Storable business. |June 24, 2019 The people asked not to be identified speaking about the value of the deal since financial terms weren’t disclosed. The deal provides a partial exit for Bain Capital spinout Cove Hill, which first invested in Storable's predecessor in 2018. More info: www.storable.com About Cove Hill Cove Hill Partners is a long-term oriented private equity firm focused on partnering with outstanding management teams to … As a technology-first company, Storable provides a suite of solutions designed to empower self storage operators to enhance efficiency and optimize occupancy. For More on Self-Storage: Elliott Calls for Review of Public Storage’s Strategy. An announcement Wednesday confirmed an earlier Bloomberg report. More info: www.storable.com. The deal is expected to close in the second quarter of 2021. AUSTIN, Texas, June 24, 2019 -- Leading self storage technology providers, SpareFoot, SiteLink and storEDGE, announced today their unification under the brand name Storable. Despite the growth, the industry remains largely owned and operated by small business owners rather than large, public companies. It acquired the open-source software developer in 2018 and has been building it up via acquisitions, including buying Rancher Labs this year. More info: www.storable.com. EQT is pleased to announce that EQT Private Equity has made a majority investment in Storable (“the Company”), a leading provider of software and technology to the self-storage industry. Enligt villkoren i avtalet kommer Cove Hill Partners och ledningen att behålla en minoritetsandel i företaget. According to the Self-Storage Almanac, 73% of self storage facilities are owned by local operators compared to the 18% owned by public companies. Headquartered in Austin, Storable provides self storage operators with a comprehensive suite of easy-to-use, intuitive products that work seamlessly together to increase business efficiency and profitability. EQT Private Equity har köpt en majoritetsandel i Storable, ett mjukvaruföretag med säte i Austin, Texas. "SpareFoot, SiteLink and storEDGE coming together has been exponentially helpful to an operator like us that utilizes all three platforms every day. Storable's suite of technology solutions allows both large and small businesses to have the industry's best tools at their fingertips. Storable is backed by EQT and Cove Hill Partners and led by Co-Founder & CEO, Chuck Gordon. Cove Hill simultaneously acquired a majority stake in leading self-storage management software provider SiteLink and put the companies together under a single holding company led by Gordon. Storable’s Chief Executive Officer Chuck Gordon said in an interview that Storable’s customers include publicly traded real-estate investment trusts. EQT values Storable at around $2 billion. Company is a U.S. software maker for self-storage industry, Transaction on Wednesday confirmed Bloomberg News report. Cove Hill is a long-term oriented private equity firm that partners with outstanding management teams to build market-leading consumer and technology companies. About News Wire. Storable is backed by EQT and Cove Hill Partners and led by Co-Founder & CEO, Chuck Gordon. European private equity firm EQT AB announced it would buy a majority stake in Storable in a deal that people familiar with the matter said valued the U.S. software maker at roughly $2 billion, including debt. Poised to Clear Astra Shot as Need for Vaccines Grows. Cove Hill Partners och dess ledning behåller en minoritetsandel. The pandemic has caused more people to move from cities, he said, which has increased some demand for self-storage. With Storable, our breadth and depth of technology, innovation, industry experience, and committed user support have come together in an unrivaled suite of tools. EQT is a purpose-driven global investment organization with more than EUR 75 billion in raised capital and over EUR 46 billion in assets under management across 16 active funds. About EQT. More info: www.storable.com. Storable is backed by Cove Hill Partners and led by CEO, Chuck Gordon. View All Practices. William Blair acted as exclusive financial advisor to Storable, Inc. (Storable), a portfolio company of Cove Hill Partners, in connection with a pending majority investment from EQT alongside existing investors, Cove Hill Partners and the Storable management team. "We've been asked for suggestions for ways the combined company can improve their products and services multiple times. Jana Haecherl SpareFoot, SiteLink and storEDGE) empowers self-storage operators to simplify operations by using a suite of technology solutions created to maximize business growth and manage day-to-day tasks. Storable's comprehensive suite of tools designed for operators, both large and small, helps them grow and operate their facilities efficiently through technology. The Firm was created in 2017 to invest the founders’ personal capital alongside that of a small group of like-minded families, endowments and charitable foundations. More info: www.storable.com. Cove Hill Partners, Storable’s private equity owner, will retain a minority stake in the Austin, Texas-based company, which makes software used by self-storage companies. Our Products. AUSTIN, Texas - December, 2020. Competition between the large companies and smaller operators is intensifying as more storage units are constructed. Storable's suite of products include Sitelink Software, storEDGE Software, SpareFoot, SiteLink Merchant Services and Select Merchant Solutions among others. Storable's suite of products include Sitelink Software, storEDGE Software, SpareFoot, SiteLink Merchant Services and Select Merchant Solutions among others. Storable of Thursday, 24 December 2020 03:34 GMT عربي Storable's announcement comes after an extended period of growth for the $37 billion self storage industry. This is EQT Holdings AB’s 32nd transaction in the United States. 440 anställda. The new brand further integrates these great technologies and reflects Storable's mission to become the number one technology provider for the storage industry. EQT Private Equity gör en majoritetsinvestering i Storable, en mjukvaru- och teknikleverantören till självlagringsindustrin, med bas i USA. Storable helps you run your business better than you ever thought possible. The number of households renting self storage units has climbed to an all time high with more than 11.8 million households leasing additional space. 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