Shurgard Self Storage
Shurgard Storage Centers based in the USA was one of the Self Storage pioneers both in North America and in Europe and is now wholly owned by Public Self Storage; however this was not always the case. The company was founded by Chuck Barbo. Chuck Barbos Grandfather emigrated from Norway in 1871to start a logging business and starting businesses was certainly in the blood. However Chuck did not start his career early he first got his education at the University of Washington in Seattle, where he tried to earn a business degree. However he lost interest in this after a very short time and switched to history. He qualified as a teacher and went off to teach kids at a high school in Seattle. This never lasted to long and the draw of business soon resurfaced.
Chuck got the property bug in 1966 when he sold a property north of Seattle and learned that he would earn much more money selling property than teaching kids. Chuck then moved to Olympia, Washington where Shurgard was born. Chuck like Bradley Hughes of Public Storage started off as a property developer and went into partnership with other property developers. In 1971 both Don Daniels and Chuck formed a business called the Barbo-Daniels Group. It was then that they opened a Self Storage facility called B-D Mini Storage. Although Chuck was convinced about the merits of Self Storage it was much more difficult to persuade the banks. With a background in high school teaching it was particularly difficult for Chuck to convince the banks to lend him money. Un-deterred Chuck managed to grow the business and during the 1970s and 1980s but had further problems raising capital via the banks for Self Storage. It was during this time that Chuck found another way f developing the business growth by entering public partnerships to fund construction. Chuck raised over $700 million allowing for another 20 years worth of growth.