PODS (from Portable On Demand Storage), is a moving and storage company. Founded in 1998, it is based in Clearwater, Florida.[1]
PODS is owned by the Ontario Teachers' Pension Plan.[2]
History
PODS was founded in 1998 by Peter Warhurst who was looking to expand his family's storage business. He invented PODS containers, as well as a hydraulic lift system that enables operators to easily deliver and transport the units, which he named PODZILLA.[3]
In 2003, PODS received an equity investment of $15M from the Hunt Private Equity Group, along with a $25M senior credit facility from Congress Financial Corp.[4]
In 2005, PODS grossed over $200 million in revenue, and was still privately owned.[1]