Deals
Sovran to Retire Uncle Bob’s Brand After $1.3 Billion Purchase
- Acquisition adds 84 Class A properties to company holdings
- Name and ticker changes are expected to occur in mid-August
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Sovran Self Storage Inc. said it will change its name to Life Storage Inc. following the completion of its $1.3 billion acquisition of LifeStorage LP.
The company will rebrand the 563 facilities it operates as Uncle Bob’s Self Storage to Life Storage, it said Monday in a statement. The expected cost of the new name and logo, primarily related to signs at the self-storage facilities and a fleet of rental trucks, will be about $22 million, the company said.