The properties were purchased in three separate transactions for an aggregate $5.65 million
July 8, 2018: StorageVault Canada Inc. has acquired two self-storage facilities and a portable-storage business in Ontario. StorageVault now owns 28 locations in the Ontario market, according to a press release.
“The purchase of the portable-storage business allows StorageVault to enter into a different segment of the portable-storage market, which services mainly the construction industry,” the release stated.
The company has long offered PUPS-branded mobile-storage options. In 2015, as part of StorageVault’s agreement to acquire all the rights and assets of Cubeit Portable Storage Canada Inc. and nine storage facilities operated by affiliate Access Self Storage Inc., it required Access and Cubeit to purchase “all of the issued and outstanding shares in the capital of Canadian PUPS Franchises Inc.,” which is the master franchisor of the PUPS business.
StorageVault manages 152 self-storage facilities in Alberta, British Columbia, Manitoba, Nova Scotia, Ontario, Quebec and Saskatchewan. It’s portfolio of owned properties has 94 facilities.