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StorageVault Completes Purchase of 8 Assets for $71.9 Million
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StorageVault Completes Purchase of 8 Assets for $71.9 Million
Jun 24, 2025 5:23 AM

08:07 AM EDT, 06/24/2025 (MT Newswires) -- StorageVault Canada ( SVAUF ) on Tuesday said it completed the acquisition of seven stores and one adjacent vacant parcel of land from six vendor groups for $71.9 million.

Six of the acquisitions are arm's length and two, totaling $21.9 million, are related party acquisitions with Access Self Storage as the vendor. The purchase price was paid with funds on hand, a promissory note and mortgage financing.

Shares of the company closed up about 1% to $4.04 on Monday on the Toronto Stock Exchange.

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