StorageVault Canada Inc. has signed a term sheet with CanStore Self Storage LP and CSS Holdings LP to enter a joint venture. The companies will acquire self-storage facilities in Canada, operating traditional self-storage and incorporating the Canadian PUPS portable-storage concept at each. The full execution of the agreement is still subject to various factors and is not yet definite.
StorageVault owns and operates Canadian PUPS portable storage in Saskatoon, Trans Can Mini-Stor in Regina, and Kenaston Self Storage in Winnipeg. The Regina and Winnipeg sites are traditional self-storage facilities operating in conjunction with portable-storage franchises.
Source: FOXBusiness, StorageVault Announces the Signing of a Term Sheet to Acquire Self Storage