Bullboard - Stock Discussion Forum Storagevault Canada Inc T.SVI.DB.B

Primary Symbol: T.SVI Alternate Symbol(s): SVAUF | 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... see more

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Storagevault Canada Inc > StorageVault to Acquire 2 Storage Locations for $43,000,000

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Post by Betteryear2 on Apr 22, 2024 8:37am

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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