Business
StorageVault to Acquire Six Assets for $71.8 Million, Exceeding $200 Million Completed and Announced Transactions for 2025
TORONTO, Dec. 18, 2025 (GLOBE NEWSWIRE) -- STORAGEVAULT CANADA INC. (“ StorageVault ...
About this update from Storagevault Canada Inc.
[{"type":"text","content":"StorageVault to Acquire Six Assets for $71.8 Million, Exceeding $200 Million Completed and Announced Transactions for 2025\nTORONTO, Dec. 18, 2025 (GLOBE NEWSWIRE) -- STORAGEVAULT CANADA INC. (“StorageVault”) (SVI-TSX) is pleased to announce that it has agreed to acquire six assets from five vendor groups (collectively, the “Vendors”) for an aggregate purchase price of $71.8 million, subject to customary adjustments and due diligence conditions (the “Acquisitions”). Four of the transactions are arm’s length, and one transaction consisting of two stores, totaling $42.0 million, is a related party acquisition (the “Related Party Acquisition”) with Access Self Storage Inc. and its affiliate (“Access”) as the Vendor. It is anticipated that the Acquisitions will close in Q1 2026. The assets are located in British Columbia, Alberta, Ontario and Quebec and are complementary to StorageVault’s existing portfolio. With the $132.6 million of completed year to date acquisitions, the total amount of completed and announced transactions exceeds $200 million. Purchase Price and PaymentThe aggregate purchase price is $71.8 million, subject to adjustments, and is payable with existing funds, first mortgages, and potential share consideration. Access may elect to receive up to $2.0 million of the purchase price in StorageVault common shares, issued at a price equal to the greater of $5.87 per share (based on consensus net asset value) or the 10-day, prior to closing, volume-weighted average trading price (VWAP). Conditions Precedent to the AcquisitionsThe obligations of StorageVault to complete the Acquisitions are subject to conditions including, but not limited to: satisfactory due diligence, obtaining first mortgage commitments, and satisfactory environmental site assessment reports. The obligations of both StorageVault and the Vendors to complete the closing of the Acquisitions are subject to the satisfaction of other customary closing conditions. Exemption from MI 61-101As Access is a non-arm’s length party to StorageVault, the Related Party Acquisition is considered a “related party transaction” under MI 61-101 - “Protection of Minority Security Holders in Special Transactions” (“MI 61-101”). StorageVault will...