StorageVault to Acquire Six Assets for $71.8 Million, Exceeding $200 Million Completed and Announced Transactions for 2025

Core Viewpoint - StorageVault Canada Inc. has announced the acquisition of six assets for a total of $71.8 million, which is expected to close in Q1 2026, enhancing its existing portfolio [1]. Group 1: Acquisition Details - The total purchase price for the acquisitions is $71.8 million, which may be adjusted and will be paid using existing funds, first mortgages, and potential share consideration [2]. - Among the acquisitions, four transactions are arm's length, while one transaction involving two stores, valued at $42.0 million, is a related party acquisition with Access Self Storage Inc. [1][2]. - The total amount of completed and announced transactions by StorageVault in the year to date exceeds $200 million, including $132.6 million of completed acquisitions [1]. Group 2: Conditions and Exemptions - The completion of the acquisitions is subject to conditions such as satisfactory due diligence, obtaining first mortgage commitments, and satisfactory environmental site assessments [3]. - The related party acquisition is considered a "related party transaction" under MI 61-101, and StorageVault will rely on exemptions from formal valuation and minority approval requirements [4]. Group 3: Company Overview - StorageVault currently operates 265 storage locations across Canada, owning 232 of these locations and over 5,000 portable storage units, totaling over 13.2 million rentable square feet [6]. - The company also provides last mile storage and logistics solutions, along with professional records management services [6].