Storagevault closes four-store acquisition for $60.8M

Executive Summary

• Storagevault Canada Inc. completed the acquisition of four additional storage facilities for a total purchase price of $60.8 million, bringing year‑to‑date acquisitions to $132.6 million.
• The purchases were funded with cash on hand and mortgage financing; all transactions were conducted at arm’s length.
• A previously announced $2.6 million acquisition was cancelled after due‑diligence issues and replaced by a new $9.0 million asset.

Key Details

• Completed acquisitions: 4 stores from four separate vendor groups.
• Aggregate purchase price for the four new stores: $60.8 million (subject to customary adjustments).
• Funding sources: cash on hand plus mortgage financing.
• Total acquisition value year‑to‑date after replacement transaction: $132.6 million.
• Cancelled acquisition: $2.6 million deal from April 23 2025 not completed due to unsatisfied due‑diligence conditions.
• Replacement acquisition: new asset valued at $9.0 million.

Notable Quotes

(No quotes were provided in the release.)