Arcapita unloads PODS
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...