Teachers’ Private Capital completes $1 bln acquisition of PODS
Teachers’ Private Capital has completed its acquisition of PODS Inc, a Clearwater, Florida-based provider of moving and storage solutions. The value of the deal, which was not published when it was announced in December 2014, was identified at the close as being in excess of US$1 billion. The long-term equities group of Teachers’ Private Capital, the private equity investment arm of Ontario Teachers Pension Plan, bought PODS from an investor group led by Bahrain private equity firm Arcapita. PODS said the new partnership will help the company execute its strategic growth plan.
2 February 2015•2 mins read
