M&A Deal Summary

Arcapita Acquires PODS Enterprises

On December 20, 2007, asset manager Arcapita acquired consumer services company PODS Enterprises for 430M USD

Acquisition Highlights
  • This is Arcapita’s 1st transaction in the Consumer Services sector.
  • This is Arcapita’s largest (disclosed) transaction.
  • This is Arcapita’s 27th transaction in the United States.
  • This is Arcapita’s 2nd transaction in Florida.
Investment Fate
  • PODS Enterprises was sold to a consortium of financial buyers in 2014.

M&A Deal Summary

Date 2007-12-20
Target PODS Enterprises
Sector Consumer Services
Buyer(s) Arcapita
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 430M USD

Target

PODS Enterprises

Clearwater, Florida, United States
PODS Enterprises is a provider of portable storage and moving solutions for residential and business customers. PODS Enterprises is based in Clearwater, Florida.

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Buyer(S) 1

Buyer

Arcapita

Manama, Bahrain

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1997
Size Mega
Type Sector Agnostic
DESCRIPTION

Arcapita is a private investment firm with separate investment disciplines spanning venture capital, corporate investment, real estate, and asset-based investments. Arcapita's Corporate Investment practice looks to acquire controlling interests in established companies valued between $50 million and $500 million. Sectors of interest include consumer products/services, healthcare, energy, technology, and manufacturing. Arcapita's infrastructure team looks to invest $50 to $300 million in energy, water, and transportation assets. The Firm will consider opportunities around the globe; including the United States, Latin America, Russia, China, Europe, Middle-East, and India. Arcapita was formed 1997 and has offices in Manama, Bahrain; Atlanta, Georgia; London; and Singapore.


DEAL STATS #
Overall 36 of 47
Sector (Consumer Services) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 25 of 28
State (Florida) 2 of 2
Country (United States) 27 of 32
Year (2007) 7 of 7
Size (of disclosed) 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-05 Varel Energy Solutions

Houston, Texas, United States

Varel Energy Solutions is a manufacturer and supplier of high-quality roller cone and fixed cutter drill bits. The company's proprietary design capabilities, efficient manufacturing, and global sales force uniquely position to provide drill bits that deliver outstanding performance and value to customers. VIES is comprised of three business units: Varel Oil & Gas Drill Bits, Varel Mining, and Downhole Products. Varel Energy Solutions was founded in 1947 and is based in Houston, Texas.

Buy $369M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-26 TLC Health Care Services

Lake Success, New York, United States

TLC Health Care Services include nursing services, rehabilitation services, mental health services, wound management and hospice care. The company has maintained a track record of excellence and dedication to the highest standards in quality care.

Sell -