StorageVault Completes the Purchase of Two Stores and Two Shredding Businesses
December 16 2022 - 7:00AM
STORAGEVAULT CANADA INC.
(“
StorageVault”) (
SVI-TSX) is
pleased to announce that it has completed the acquisition of the
two stores announced on October 11, 2022 for $14,160,000 and has
also purchased two complementary shredding businesses to its
records and information management business, RecordXpress, for
$8,750,000 (the “
Acquisitions”).
The total purchase price of the Acquisitions is
$22,910,000, subject to customary adjustments, and was paid with
first mortgage financing, promissory note and funds on hand.
With these Acquisitions, StorageVault has now
closed $241.1 million of acquisitions, to date, this year.
About StorageVault Canada
Inc.StorageVault, owns and operates 238 storage locations
across Canada. StorageVault owns 206 of these locations plus over
4,500 portable storage units representing over 11.4 million
rentable square feet on over 665 acres of land. StorageVault also
provides last mile storage and logistics solutions and professional
records management services, such as document and media storage,
imaging and shredding services.
For further information, contact Mr. Steven
Scott or Mr. Iqbal Khan:
Tel: 1-877-622-0205
ir@storagevaultcanada.com
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