StorageVault Canada has agreed to acquire six Canadian self-storage facilities from five vendor groups for an aggregate purchase price of $71.8 million.

The transactions are expected to close in the first quarter of 2026.

The Toronto-based self-storage owner and operator said four of the acquisitions are arm’s-length transactions, while one deal involving two facilities valued at $42 million is a related-party transaction with Access Self Storage and an affiliate. The assets are located in British Columbia, Alberta, Ontario and Quebec and are described as complementary to StorageVault’s existing portfolio.

Including $132.6 million of acquisitions completed year to date, StorageVault said the total value of completed and announced transactions for 2025 now exceeds $200 million.

The purchase price is payable using existing funds, first mortgages and potential share consideration. Access may elect to receive up to $2 million of the purchase price in StorageVault common shares, issued at a price equal to the greater of $5.87 per share or the 10-day, prior-to-closing, volume-weighted average trading price.

Because Access is a non-arm’s-length party, the related transaction is considered a related-party transaction under instrument MI 61-101 – Protection of Minority Security Holders in Special Transactions. StorageVault said it will rely on exemptions from the formal valuation and minority approval requirements of MI 61-101 under sections 5.5(a) and 5.7(a).

Photo: StorageVault

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