StorageVault Canada Expands with New Store Acquisitions
StorageVault Canada Inc. Completes Key Acquisitions
StorageVault Canada Inc. (TSX: SVI) has recently made headlines by completing the acquisition of four additional storage facilities, amplifying its presence in the storage industry. These acquisitions were carried out from four distinct vendor groups and totaled a remarkable $60.8 million.
Details of the Acquisitions
The recent acquisitions are expected to significantly enhance StorageVault's operational capabilities. The funds for these purchases were sourced from existing capital and mortgage financing, allowing for a smooth transaction process. Notably, a previously announced acquisition from earlier this year, valued at $2.6 million, did not materialize due to unmet due diligence conditions but has been substituted with a new asset worth $9.0 million.
Total Year-to-Date Acquisitions
As a result of these strategic acquisitions, StorageVault's total transactions for the year amount to an impressive $132.6 million. This initiative showcases the company's commitment to growth and its strategic expansion within the storage market.
About StorageVault's Operations
StorageVault Canada Inc. operates an extensive network of 263 storage locations across the nation. Among these, 232 are company-owned, complemented by a fleet of over 5,000 portable storage units. Collectively, these assets represent an impressive 13.2 million rentable square feet across 767 acres. Additionally, StorageVault offers robust logistics solutions along with professional records management services which encompass document storage, imaging, and shredding services.
Inquiries and Contact Information
For more information regarding StorageVault’s acquisitions or services, individuals are encouraged to reach out to company representatives:
Tel: 1-877-622-0205
ir@storagevaultcanada.com
Frequently Asked Questions
What did StorageVault acquire recently?
StorageVault acquired four additional storage facilities for a total of $60.8 million.
What is the total of StorageVault's transactions this year?
The total year-to-date transactions for StorageVault reached $132.6 million.
What types of services does StorageVault offer?
StorageVault provides storage solutions, logistics services, and professional records management, including document imaging and shredding.
How many storage locations does StorageVault operate?
StorageVault operates 263 storage locations across Canada, including portable storage units.
Who can I contact for more information?
For inquiries, you can contact Steven Scott or Iqbal Khan at 1-877-622-0205 or via email at ir@storagevaultcanada.com.
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