StorageVault Expands Portfolio with New Acquisitions

Storagevault Canada (TSE:SVI) has released an update.

StorageVault Canada Inc. is expanding its footprint in the self-storage market with the acquisition of two new locations for $59.5 million, financed through cash, share issuance, and a vendor takeback mortgage, with deals expected to close by the end of June. The company has also finalized the purchase of a Barrie, ON asset, and terminated another acquisition due to unsatisfactory due diligence results. These moves bring StorageVault’s total owned and managed stores to 249 across Canada.

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