Singaporean sovereign wealth fund GIC is in talks to acquire a stake in Columbia, Mo.-based StorageMart, reported Bloomberg.
The potential transaction values StorageMart at more than $2.5 billion.
StorageMart, a family-operated business led by chief executive officer Mike Burnam and president Cris Burnam, counts TKG, an affiliate of Kroenke Group, among its backers. TKG was founded by Stanley Kroenke, a billionaire whose other holdings include the NFL’s Los Angeles Rams, the NBA’s Denver Nuggets and Arsenal Football Club.
