StorageVault Completes the Purchase of Storage Assets for $43,000,000
May 16 2024 - 9:22AM
STORAGEVAULT CANADA INC.
(“
StorageVault”) (
SVI-TSX) is
pleased to announce that it has completed the acquisition of the
two stores, located in Vaughan, ON and Saskatoon, SK, announced on
April 22, 2024 for an aggregate purchase price of $43,000,000 (the
“
Acquisition”).
The total purchase price of the Acquisition,
subject to customary adjustments, was paid with funds on hand.
About StorageVault Canada
Inc.StorageVault owns and operates 246 storage locations
across Canada. StorageVault owns 215 of these locations plus over
5,000 portable storage units representing over 11.9 million
rentable square feet on over 696 acres of land. StorageVault also
provides last mile storage and logistics’ solutions and
professional records management services, such as document and
media storage, imaging and shredding services.
For further information, contact Mr. Steven
Scott or Mr. Iqbal Khan:
Tel: 1-877-622-0205
ir@storagevaultcanada.com
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