Following to sources, a Atlanta-based private equity firm Eagle Merchant Partners is exploring a sale of PODS Enterprises Inc. that could value the U.S. moving and storage company at nearly $1 billion.
PODS Enterprises, overseen by partners of Atlanta-based Eagle Merchant and owned by restructured Bahraini investment firm Arcapita Bank BSCC, has hired Barclays Plc to assist with the sale process, one of the sources said.
The sources asked not to be identified because the discussions are private. Spokespeople for PODS Enterprises and Eagle Merchant had no immediate comment. Barclays declined to comment.
Founded in 1998, PODS Enterprises delivers containers to customers who use them for moving or storing belongings. It operates in 48 U.S. states, Canada, Australia and Britain through its company-owned and franchise network.
Tags: Private Equity, Private Equity Firm, Private Equity Group, Private Equity Company, Private Equity Fund, Private Equity Investment, Private Equity Investor, Fund of Fund, Private Equity Business, Private Equity Industry, PE, Eagle Merchant Partners, PODS Enterprises Inc., U.S. Moving and Storage Company, Atlanta, Atlanta Private Equity, Bahraini Investment Firm, Arcapita Bank BSCC, Barclays Plc, U.S. states, Canada, Australia, Britain.