Arcapita buys US storage company
- Published: 26 February 2008 09:38 GMT
- Author: Victoria Robson
- More by this Author
- Last Updated: 11 March 2008 15:55
Bahrain-based private equity company Arcapita led a consortium of investors that has acquired US storage and removal company Pods for $451m.
Pods operates in the US, Australia and Canada with a network of franchises. The company is looking to expand into fresh markets.
The acquisition brings the total invested by Arcapita since August to almost $2bn.
In November 2007, Arcapita completed its $369m acquisition of US drill bit manufacturer Varel International and German door frame manufacturer Profine Group.
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