This site is part of the Global Exhibitions Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 3099067.


StorageVault Canada Acquires Ontario Self-Storage Business


StorageVault Canada Inc. has entered into an acquisition agreement to acquire a self-storage facility in Cambridge, Ontario, Canada, from an arm's-length vendor.

The aggregate purchase price is $2.3 million (subject to customary adjustments). The acquisition agreement is subject to a number of conditions, including completion of due diligence and environmental investigations with respect to the property that must be satisfactory to StorageVault, financing, and the approval by the board of directors of StorageVault. If all conditions are satisfied, the acquisition is scheduled to close on April 23, 2010.

The purchase price payment terms for the acquisition will be a combination of cash, bank debt financing, and the payment of a refundable deposit made to the vendor upon execution of the agreement. StorageVault intends to finance the acquisition with secured bank debt and the proceeds from a private placement.

Related Articles:

StorageVault Completes Acquisition of Kensaton Self Storage

StorageVault Completes Acquisition of Canadian PUPS Storage

PFM Capital Funds to Invest in StorageVault Canada Inc.

Self-Storage Talk: International

comments powered by Disqus