StorageVault Completes Acquisition of 8 Assets for $71.9 Million

Deal News | Jun 24, 2025 | Globenewswire

StorageVault Canada Inc., a leader in the Canadian storage industry, has successfully completed the acquisition of seven storage facilities and one adjacent vacant parcel of land for a total of $71.9 million. This deal involves six vendor groups, including a related party transaction with Access Self Storage Inc., valued at $21.9 million. StorageVault utilized cash on hand, a promissory note, and mortgage financing to finalize the acquisition. These strategic acquisitions align with StorageVault’s mission to expand its storage facilities, as the company currently operates 258 locations nationwide. The transaction complies with Multilateral Instrument 61-101 due to the non-arm’s length nature of part of the deal.

Sectors

Storage and Warehouse Services
Real Estate Investment

Geography

Canada – StorageVault Canada Inc. is a Canadian company and its operations, including the recent acquisitions, are primarily based in Canada.

Industry

Storage and Warehouse Services – The article focuses on StorageVault Canada Inc., which operates a vast number of storage facilities across Canada, implicating the storage services industry.
Real Estate Investment – Given that the acquisition includes multiple properties, it falls within the real estate investment sector.

Financials

$71.9 Million – The total purchase price for the acquisition of seven stores and one parcel of land.
$21.9 Million – Part of the acquisition cost related to a related party transaction with Access Self Storage Inc.
$126.2 Million – The total value of transactions announced on April 23, 2025, of which $71.9 million has been completed.

Participants

Name	Role	Type	Description
StorageVault Canada Inc.	Acquirer	Company	A Canadian company owning and operating over 250 storage locations across the country.
Access Self Storage Inc.	Vendor	Company	A related party to StorageVault Canada Inc., involved in selling part of the assets.