PFM Capital's StorageVault to purchase storage assets for $51.3 mln

StorageVault Canada Inc has agreed to buy assets of Access Self Storage Inc and Cubeit Portable Storage Canada Inc for a combined total of around $51.3 million. The company will acquire all of the portable storage assets and business of Cubeit, and certain of the self-storage assets and business of Access. The deal, which will be done in two tranches, is subject to a number of conditions. Based in Regina, Saskatchewan, StorageVault owns and operates storage facilities located across Canada. It is backed by funds managed by Canadian private equity and venture capital firm PFM Capital.

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