All Storage works with CBRE on $1 billion-plus sale

All Storage, a closely held owner of self-storage facilities, is exploring a sale of the company in which it could fetch more than $1 billion, according to people with knowledge of the matter.

The company, which operates 50 facilities in Texas and three in Oklahoma, is working with CBRE Group Inc., said the people, who asked not to be identified discussing information that isn’t public. The brokerage has begun soliciting interest from potential buyers, they said.

All Storage, led by Chief Executive Officer Jay Schuminsky, didn’t immediately respond to a request for comment. A CBRE spokesman didn’t immediately have a comment.

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