StorageVault's Latest Acquisitions Boost Total Investments Significantly
StorageVault Completes New Acquisitions
StorageVault Canada Inc. ("StorageVault") (TSX: SVI) has made significant strides by completing the acquisition of four additional storage locations. Announced recently, these acquisitions total an impressive $60.8 million and have been conducted at arm's length, ensuring fairness and transparency in the process.
Details on the Acquisitions
The completed acquisitions were funded using a combination of cash reserves and mortgage financing, showcasing StorageVault's robust financial position. However, one previously planned acquisition valued at $2.6 million did not get finalized as it did not meet due diligence requirements. Instead, it has been substituted with a new asset acquisition worth $9.0 million. As a result, the total of completed transactions for the year now stands at $132.6 million, reflecting the company's aggressive growth strategy.
About StorageVault Canada Inc.
StorageVault Canada Inc. is a leading provider of storage solutions, operating a remarkable 263 storage locations across the country. With ownership of 232 facilities and more than 5,000 portable storage units, it offers over 13.2 million rentable square feet of space on 767 acres of land. Their services extend beyond traditional storage, encompassing last-mile logistics and professional records management. This includes specialized services such as document storage, media storage, imaging, and document shredding, all designed to meet the diverse needs of their clientele.
Company Contact Information
For inquiries, please reach out to Mr. Steven Scott or Mr. Iqbal Khan at the following contact:
Tel: 1-877-622-0205
ir@storagevaultcanada.com
Frequently Asked Questions
What is the recent total of acquisitions completed by StorageVault?
The recent acquisitions completed by StorageVault amount to $132.6 million this year.
How many storage locations does StorageVault operate?
StorageVault operates a total of 263 storage locations throughout Canada.
What services does StorageVault provide beyond storage?
They offer last-mile logistics and professional records management services, including document and media storage, imaging, and shredding services.
What was the adjusted total purchase price for the recent acquisitions?
The adjusted total purchase price for the recent acquisitions is $60.8 million.
Who can I contact for more information about StorageVault?
You can contact Mr. Steven Scott or Mr. Iqbal Khan at 1-877-622-0205 or via email at ir@storagevaultcanada.com.
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