ADVERTISEMENT
LIVE DESK·Global markets desk·Last updated 14s ago
ADVERTISEMENT
Markets/EquitiesArticle

StorageVault closes C$81.6M storage asset purchases in Canada

The TSX-listed firm acquired four facilities, including three via a 25% joint venture with Woodbourne, expanding its Canadian storage footprint to 275 locations.

PA
Priya Anand · Equities & Earnings Desk · 27 Aug 2026 · 19:37 · 1 min read
Share
StorageVault closes C$81.6M storage asset purchases in Canada

StorageVault Canada Inc. (TSX: SVI) has completed the acquisition of four self-storage facilities in Ontario for a total of C$81.55 million, the company said on Tuesday. The transactions were initially announced on July 28 and finalized on Aug. 26, marking the latest in a series of deals under StorageVault’s fiscal 2026 growth program.

Three of the assets, collectively valued at C$71.25 million, were acquired through a joint venture with Woodbourne, in which StorageVault holds a 25% stake while Woodbourne retains a 75% interest. The fourth property, valued at C$10.3 million, was purchased outright and is fully owned by StorageVault. The company funded its share of the joint venture purchase—C$28.11 million—using a combination of first-mortgage financing and available cash.

The acquisitions expand StorageVault’s operational footprint, adding two new managed properties in Hamilton and near Ottawa. The company now oversees 32 third-party locations in addition to its owned portfolio, which totals 275 storage sites across Canada. Its portfolio includes 243 owned locations and more than 5,000 portable storage units, spanning over 13.8 million rentable square feet across 802 acres of land.

StorageVault also provides ancillary services such as logistics solutions, document storage, imaging, and shredding as part of its broader records management offerings. The latest transactions follow StorageVault’s disclosure of C$153.0 million in gross acquisitions and C$99.5 million in net acquisitions during fiscal 2026 to date.

This article was produced with AI assistance and edited by a Finance Review Daily journalist.
ADVERTISEMENT
Share this story
PA
Written by
Priya Anand
Equities & Earnings Desk

Priya covers listed equities and corporate earnings, reading quarterly results and guidance for what they signal about sector health and forward valuations.

More from Priya Anand →
ADVERTISEMENT
Novara — A Smarter Way to Access Global Markets
ADVERTISEMENT