30 May 2013

Snowmobiles make a splash in self storage

For Ski-Doo owners in Toronto, secure storage units help free up space in your garage while keeping your snowmobile out of the weather and rust free year-round.

According to the Canadian Press, Ski-Doo, the Quebec-based manufacturer of personal watercraft, snowmobiles and off-road vehicles claims its initial public offering will bolster its value to an estimated $2.5 billion. The offering is expected to raise more than $300 million if underwriters add an additional 1.8 million shares to the initial 12.2 million voting shares. The company says much of the money generated by the IPO will go toward repaying debt.

Currently owned by a subsidiary of Bain Capital, Ski-Doo is optimistic about future prospects, citing its push into international markets and an expansion to its new line of products. As the economic environment improves in Canada with a slow but steady housing recovery, Canadians opting for a local vacation this winter may break out their snowmobiles for a little fun.

Jiffy Self Storage, a leader in Toronto storage solutions, is currently running a contest on their website for a free iPad 3. Visitors to the site simply need to match a few Canadian landmarks and they'll be entered to win the iPad or one of several other prizes.

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