In December 2007, PODS was acquired by an affiliate of Arcapita. Founded in 1998 and headquartered in Clearwater, Florida, PODS is a provider of portable storage and moving solutions for residential and business customers. The Company delivers its specially designed storage containers to the customer’s location, which the customer can load at his convenience. Once the customer has completed his packing in the container, PODS will either take it to another location or will place it at a storage warehouse, until the final destination for the moving goods is ready to receive them. PODS containers are moved by trucks that are equipped with the Podzilla, a patented hydraulic lift system, specially designed so that the contents of the container do not shift when loaded onto a truck. Arcapita Sold PODS to Ontario Teachers in 2015.