PFM Capital’s StorageVault closes first tranche of $51.3 mln asset buy
StorageVault Canada Inc has closed the first tranche of its previously announced $51.3 million purchase of assets of Access Self Storage Inc and Cubeit Portable Storage Canada Inc. In the first tranche of the deal, StorageVault acquired four self-storage locations and the entire Cubeit portable storage business for about $26.5 million. The second tranche is expected to close in October. The Regina, Saskatchewan-based StorageVault owns and operates storage facilities across Canada. It is backed by funds managed by Canadian private equity and venture capital firm PFM Capital.
29 April 2015•9 mins read
