Northwire Canada EditionTuesday, August 25, 2026
Sign inSubscribe
Northwire
⌕
GOLD 4723.60 +0.6% SILVER 68.95 +0.5% COPPER 6.71 +1.6% OIL 80.65 −5.1% PALLADIUM 1339.50 −1.8% OTMC 0.670 +50.6% OPW 0.130 +4.0% HI 0.170 +13.3% VCU 1.33 +1.5% DLTA 0.175 −5.4% EMO 0.400 −1.2% GR 0.070 +0.0% MGG 0.395 +1.3% EVI 0.520 −5.5% AVL 9.72 +21.4% VCG 1.53 +11.7% TTS 2.30 −11.5% SCMI 1.88 +1.6% RIO 3.63 +6.5% PUMA 0.120 −7.7% TRR 0.350 −2.8% GOLD 4723.60 +0.6% SILVER 68.95 +0.5% COPPER 6.71 +1.6% OIL 80.65 −5.1% PALLADIUM 1339.50 −1.8% OTMC 0.670 +50.6% OPW 0.130 +4.0% HI 0.170 +13.3% VCU 1.33 +1.5% DLTA 0.175 −5.4% EMO 0.400 −1.2% GR 0.070 +0.0% MGG 0.395 +1.3% EVI 0.520 −5.5% AVL 9.72 +21.4% VCG 1.53 +11.7% TTS 2.30 −11.5% SCMI 1.88 +1.6% RIO 3.63 +6.5% PUMA 0.120 −7.7% TRR 0.350 −2.8%
M&A / Property

Storagevault closes acquisition of five stores

By The Northwire Desk — AI Analysis Mar 26, 2026 · 16:15 SVI · 4.32 Storagevault Canada Inc
SVI · Price

Executive Summary

  • Storagevault Canada Inc. has completed the acquisition of five self-storage assets from four vendor groups for an aggregate purchase price of $62.5 million.
  • The transaction includes both arm's length acquisitions and related party acquisitions totaling $42.4 million with Access Self Storage Inc. and its affiliates.
  • Consideration for the deal consisted of $2 million in common shares (issued to Access), funds on hand, promissory notes, and mortgage financing.

Key Details

  • Total Purchase Price: $62.5 million (subject to customary adjustments).
  • Assets Acquired: Five storage locations.
  • Vendor Breakdown:
    • Three arm's length acquisitions.
    • Two related party acquisitions totaling $42.4 million, with vendors being Access Self Storage Inc. and its affiliates.
  • Consideration Structure:
    • Equity: $2 million in Storagevault common shares issued to Access Self Storage Inc.
    • Other: Funds on hand, promissory notes, and mortgage financing.
  • Share Issuance Details:
    • Shares Issued: 340,716 common shares.
    • Price Per Share: $5.87.
    • Hold Period: Expires on July 26, 2026.
  • Ownership Impact (Access Self Storage Inc.):
    • Pre-Transaction Ownership: 138,013,107 shares (37.8% of issued and outstanding).
    • Post-Transaction Ownership: 138,353,823 shares (approximately 37.8% of issued and outstanding).
    • New Shares Issued: Represent 0.09% of total issued and outstanding common shares.
  • Regulatory Exemptions:
    • Relied on exemptions from formal valuation and minority approval requirements under Multilateral Instrument 61-101 (MI 61-101).
    • Exemptions cited: Section 5.5(a) and Section 5.7(1)(a) (fair market value not more than 25% of market capitalization).
  • Future Transactions: The balance of the transactions originally announced on Dec. 18, 2025, are expected to close in Q2 2026.

Notable Quotes

  • None provided in the text.
Read the original news release →

More from Storagevault Canada Inc

Apr 22, 2026 · 17:13

StorageVault Q1 AFFO Growth Validates Acquisition Strategy Despite Net Loss

Earnings Mar 26, 2026 · 07:01

StorageVault Expands Footprint with Completion of $62.5 Million of Acquisitions of Five Storage Assets

M&A / Property Mar 19, 2026 · 07:00

StorageVault Announces Normal Course Issuer Bids for Common Shares and Debentures

Other Feb 12, 2026 · 17:00

StorageVault Delivers 10% Revenue Growth in Fiscal 2025, Expands Platform, Increases Dividend and Reaffirms Growth Outlook

Earnings Jan 30, 2026 · 08:40

StorageVault Announces Repayment at Maturity of its 5.75% Senior Unsecured Hybrid Debentures Due January 31, 2026

Financings Dec 18, 2025 · 17:48

Storagevault to acquire six assets for $71.8-million

M&A / Property