StorageVault Completes the Purchase of 8 Assets for $71.9 Million

Group 1 - StorageVault Canada Inc. has completed the acquisition of seven stores and one adjacent vacant parcel of land for an aggregate purchase price of $71.9 million [1][2] - The funding for the acquisitions was sourced from funds on hand, a promissory note, and mortgage financing [2] - The Related Party Acquisitions, totaling $21.9 million, involved Access Self Storage Inc. as the vendor and were classified as related party transactions under MI 61-101 [3] Group 2 - StorageVault operates 258 storage locations across Canada, owning 228 of these locations and over 5,000 portable storage units, totaling over 12.9 million rentable square feet [4] - The company also provides last mile storage and logistics solutions, as well as professional records management services [4]