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Arcapita unloads PODS

Dec 22, 2014 - The Deal Pipeline

Arcapita Inc.-backed Portable On Demand Storage is moving to a new owner.

Ontario Teachers' Pension Plan said Monday it is buying the Clearwater, Fla.-based moving and storage firm from a group led by Arcapita for an undisclosed sum.

The deal comes on the heels of a Reuters report in September stating that PODS was mulling a sale and that a transaction could give the company a $1 billion valuation, including debt.

Bahrain-based Arcapita bought PODS for $451.4 million in Februa...