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StorageVault announces proposed $51mm asset acquisition

Friday, 5 Dec 2014 12:39pm EST

StorageVault:Enters into an asset purchase agreement dated Dec. 02, with Access Self Storage Inc. and Cubeit Portable Storage Canada Inc., collectively referred to as.Pursuant to which StorageVault has agreed to purchase all of the portable storage assets and business of Cubeit and certain of the self-storage assets and business of Access for an aggregate purchase price of $51,275,000.Vendors are not related parties to StorageVault.Pursuant to the terms of the Purchase Agreement, the Proposed Acquisition will occur in two tranches.

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