U.S. U-Haul International to acquire 13 Kmart and Sears stores $62 mln deal

12/06/2018 9:00:00 PM (GMT)

U.S.-based moving equipment and storage rental company U-Haul International Inc. plans to acquire 13 Kmart and Sears stores.

Under the terms of the deal, U-Haul will pay $62 million for the stores to retailing company Sear Holdings.

The company will change the stores into self-storage and moving facilities as part of its strategy.

In 2006, U-Haul International Inc generated $4.02 billion in revenue.

U-Haul International Inc.

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