This site is part of the Global Exhibitions Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 3099067.


U.K. Mogul Sells Armadillo Self Storage for $40M

Posted in News

Entrepreneur Alister Jack sold his U.K.-based Armadillo Self Storage business for £40 million, the Business Sale Report of London reported today. He received 10 expressions of interest and six bids for the company before selling to the property and infrastructure arm of HSBC, one of the world’s largest international providers of banking and financial services.

Launched in 2003 and based in Edinburgh, Scotland, Armadillo has 10 branches in Scotland and North England. Its clients include multinational corporations such as Diageo and AON, as well as domestic customers and students.

In 2002, Jack sold sister company Aardvark Self Storage to Mentmore Spaces for £30 million. He has also negotiated the sale of his French storage business, Armadillo Self Stockage, but will retain Jenners Depository, which he purchased in February 2006. Jack now sets his sights on the startup of a third self-storage venture.

comments powered by Disqus