StorageVault Canada Inc. (TSX: SVI) has completed the acquisition of four storage facilities for a total of C$81.55 million, the company said on Tuesday. The transactions include three properties valued at C$71.25 million acquired through a joint venture with Woodbourne, where StorageVault holds a 25% stake, while Woodbourne retains the remaining 75%. The fourth property, valued at C$10.3 million, was acquired outright and is fully owned by StorageVault.
The combined purchase price of C$81.55 million was financed through a combination of first-mortgage financing and available cash, with StorageVault contributing C$28.11 million of its own funds. The acquisitions bring StorageVault’s total gross acquisitions for the fiscal year ending March 2026 to C$153.0 million, with net acquisitions totaling C$99.5 million.
The three joint-venture properties will continue to be managed by StorageVault on behalf of the partnership. Additionally, the company has taken on management of two new third-party properties—one in Hamilton, Ontario, and another near Ottawa, Ontario—expanding its portfolio of externally managed units to 32. StorageVault now operates 275 storage units across Canada, including 243 owned units and more than 5,000 portable storage units.
The expanded portfolio represents over 13.8 million rentable square feet of space across 802 acres of land. StorageVault also provides logistics solutions, document storage, digitization, and destruction services. The acquisitions follow an initial announcement on July 28, 2026, and were finalized on August 26, 2026.
