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CLEARWATER — PODS Enterprises Inc. has purchased all the 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 in Los Angeles. Terms of the deal were not disclosed.
The purchase was done as part of the moving and storage company's new strategic focus on owning and operating more of its local markets. The addition of Storage Mobility's business assets increases the number of markets in which PODS Enterprises operates by 21. The nearly 10-year-old Storage Mobility LLC has operations in California, Colorado, Idaho, Pennsylvania, New Mexico, New York, Washington and Utah.
PODS Enterprises has acquired 39 new markets over the last three years.“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,” John Koch, president and CEO of PODS Enterprises Inc., says in a press release. “Storage Mobility has been an extremely well-run operation and there is a great cultural fit between the two organizations. ”
Prior to the purchase, PODS employed 900 associates. The acquisition of Storage Mobility will add more than 100 associates.
Founded in 1998, PODS provides residential and commercial moving and storage services in 46 U.S. states, Canada, Australia and the United Kingdom. To date, the PODS network has completed more than 500,000 long-distance moves, exceeded 2 million deliveries and has more than145,000 PODS containers in service.
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