07:46 AM EDT, 06/24/2024 (MT Newswires) -- StorageVault Canada ( SVAUF ) on Monday said it will acquire two storage locations for $59.5 million.

The acquisitions are expected to close by the end of the month. One of the assets is in the GTA and the other in Surrey, B.C. The acquisitions will result in StorageVault owning 218 stores and owning and managing 249 stores across Canada.

The company also said that it completed the $15.5 million acquisition of a Barrie, Ontario asset (announced late last year) and terminated the acquisition of two other storage locations in Ontario for $20 million after due diligence conditions were not satisfied.