Teachers' Private Capital to acquire PODS from Arcapita
Teachers' Private Capital has agreed to purchase PODS Inc (Portable On Demand Storage), a U.S. provider of container-based moving and storage solutions. The financial details of the acquisition were not disclosed. The company was sold by an investor group led by Bahrain-based private equity firm Arcapita, which acquired PODS for US$430 million in late 2007. The long-term equities group of Teachers' Private Capital, the private equity investment arm of Ontario Teachers Pension Plan, was responsible for the deal, which is expected to close in the first quarter of 2015. Teachers said it will run PODS as a standalone business operation under existing management.
22 December 2014•2 mins read
