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StorageVault Completes Acquisition of Canadian PUPS Storage

StorageVault completes acquisition of the assets of Canadian PUPS Storage Inc. and the closing of the master franchise agreement with Canadian PUPS Franchises Inc., which provides portable-storage franchises throughout Canada.

StorageVault Canada Inc. has completed the acquistion of Canadian PUPS Storage Inc. as well as the closing of the franchise agreement with Canadian PUPS Franchises Inc. The deal gives StorageVault the exclusive Canadian franchise rights for the development and operation of Canadian PUPS portable-storage franchises throughout Canada. No finder's fee was paid in relation to either transaction.

Canadian PUPS is a portable-storage business operating as a franchisee in Regina, Saskatchewan, under a franchise agreement with Canadian PUPS Franchises Inc. The company provides portable storage to residential, commercial and light-industrial customers. The business has 249 portable-storage containers in inventory with an occupancy rate of approximately 88 percent.

The Franchise Rights include the exclusive right for an initial term of 10 years, with four 10-year renewal periods, to develop and operate PUPS Franchise outlets in Canada, and the exclusive license and use of related intellectual property. PUPS Franchises offers proprietary and distinctive portable-storage containers and delivery method together with proprietary identifying characteristics in connection with the trademarks "Canadian PUPS" and "PUPS" (portable units portable storage). For more information, visit www.canadianpups.com.

 

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