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StorageVault (TSXV:SVI) purchases two GTA storage assets for $8.2M

Consumer
TSXV:SVI
28 July 2021 15:45 (EDT)

StorageVault (SVI) has purchased two stores in the GTA from two vendor groups for $8.2 million.

The purchases were paid by the issuance of 447,385 common shares of StorageVault at an aggregate price of $2.15 million with the remainder being paid with funds on hand. 

With the completion of these two purchases, StorageVault has now closed $132.0 million of transactions to date this year.

StorageVault Canada now owns and operates 223 storage locations in the provinces of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, and Nova Scotia.

StorageVault owns 184 of these locations plus over 4,400 portable storage units representing over 10.2 million rentable square feet on over 600 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.

StorageVault Canada Inc. (SVI) is down 1.04 per cent, trading at C$4.78 per share at 3:45 pm ET.

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