|By PR Newswire||
|March 14, 2014 02:15 PM EDT||
CLEARWATER, Fla., March 14, 2014 /PRNewswire/ -- PODS Enterprises, Inc. (PODS), the moving and storage company, announced today that it has purchased all assets of Storage Mobility, LLC, the nation's largest PODS franchisee. Storage Mobility, LLC is a subsidiary of Andell, Inc., a private investment firm and family office based in Los Angeles, California.
The purchase continues the moving and storage company's focus on owning and operating more of its local markets. Storage Mobility's 21 markets increases the total number of markets purchased in the last three years to 39.
"This acquisition strengthens our geographic cluster in the Northeast, allows us to build a significant cluster on the West Coast, and increases our footprint in the Mountain time zone," said John B. Koch, President and CEO of PODS Enterprises, Inc. "Storage Mobility has been an extremely well-run operation and there is a great cultural fit between the two organizations. We expect a very smooth integration in addition to significant operating synergies. PODS has experienced strong growth in the past two years, and combining our local operations with Storage Mobility will support that ongoing expectation."
"It has been very satisfying to grow Storage Mobility along with the PODS brand," said Andrew Hauptman, Chairman of Andell, Inc. "We have the highest expectations for continued growth and success of the combined PODS markets and feel that this transaction represents the best long-term outcome for the hardworking men and women of Storage Mobility who will continue at their respective roles at PODS."
PODS currently employs approximately 900 associates and will be joined by more than 100 Storage Mobility associates. Terms of the transaction were not disclosed.
About PODS Enterprises, Inc.
PODS is a leader in the moving and storage industry providing both residential and commercial services in 46 U.S. states, Canada, Australia and the UK. Founded in 1998, PODS pioneered the portable moving and storage industry now preferred by many customers' increasingly active and mobile lifestyles. To date, the PODS network has completed more than 500,000 long-distance moves, exceeded 2 million deliveries and has more than 145,000 PODS® containers in service.
About Storage Mobility, LLC
Storage Mobility, LLC has served the storage and moving needs of residents and businesses across the country since 2004. Storage Mobility has 21 locations in California (including Riverside, Bakersfield, Fresno, Modesto, Sacramento, Benicia, Santa Rosa and Salinas), Spokane, WA, Boise, ID, Salt Lake City, UT, Boulder, Colo., Albuquerque, NM, Reno, Nev., New York (including Buffalo, Rochester, Syracuse, Albany) and Pennsylvania (including Pittsburgh, Harrisburg and Scranton).
About Andell, Inc.
Andell, Inc. is a private investment firm and family office based in Los Angeles, CA with global investment interests. Andell's activities are divided between direct and indirect investments across a diverse platform of public and private companies as well as active partnerships with top tier investment and operating managers around the globe
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