Storagevault Canada Inc T.SVI

Alternate Symbol(s): SVAUF | T.SVI.DB.B | T.SVI.DB | T.SVI.DB.C

StorageVault Canada Inc. is a Canada-based storage company. The Company's primary business is owning, managing and renting self-storage and portable storage space to individuals and commercial customers. It operates three business segments: self storage, portable storage and management fees. It is represented regionally under the various brands: Access Storage, Sentinel Storage, Depotium Mini-Entrepot and Cubeit Portable Storage. It also provides last mile storage and logistics solutions through FlexSpace Logistics and professional records management services, such as document and media storage, imaging and shredding services through RecordXpress. It owns and operates approximately 251 storage locations across Canada. It owns 221 of these locations plus over 5,000 portable storage units representing over 12.5 million rentable square feet on over 725 acres of land. It offers self-storage solutions to residential clients who are in a state of transition.

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Storagevault Canada Inc

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Post by Betteryear2on Apr 22, 2024 8:37am

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Post# 36000968

StorageVault to Acquire 2 Storage Locations for $43,000,000

TORONTO, April 22, 2024 (GLOBE NEWSWIRE) -- STORAGEVAULT CANADA INC. (“StorageVault”) (SVI-TSX) is pleased to announce that it has agreed to acquire two stores from two arm’s length vendor groups (collectively, the “Vendors”) for an aggregate purchase price of $43,000,000, subject to customary adjustments (the “Acquisitions”), and the purchase price is expected to be paid with funds on hand and first mortgages. The Acquisitions are expected to close in May 2024.

StorageVault to Acquire 2 Storage Locations for (globenewswire.com)

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