SIRVA Acquires Self-Move, Self-Storage Franchisor
CHICAGO--(March 11, 2014)-- SIRVA Worldwide, Inc., a leading global relocation and moving services provider, has acquired SMARTBOX, a Virginia-based portable moving and storage services company.
The business will continue to operate under the SMARTBOX brand and will maintain its 19 franchise locations throughout the United States and call center operations in Richmond, Virginia. Founder, CEO and franchise-owner Bryan Bostic will also continue to operate as a franchisee and will provide consulting services to SIRVA.
"The acquisition of SMARTBOX gains us entry into the portable, self-service moving and storage segment with a reputable brand. It's a low cost option that vertically integrates with our product and service offerings, and expands our value proposition for customers and clients while providing great synergies for our existing van line agents," said Drew Coolidge, Chief Operating Officer of Moving Services at SIRVA. "We welcome SMARTBOX to the SIRVA family and are excited about our shared growth potential."
"We are excited to join the SIRVA family and to fill a gap in their product offering," stated Bryan Bostic. "SMARTBOX franchisees operate in a multi-billion dollar industry and are committed to delivering affordable and flexible storage and moving solutions, which will integrate well with the existing suite of SIRVA offerings."
SIRVA's investment into the "Do-It-Yourself" market adds to their extensive portfolio of mobility solutions, and will enable corporate clients to realize even further options of different services in their mobility program by offering a self-service, "do-it-yourself" solution with moving, storage and containerization capabilities.
SMARTBOX was advised by The Louthan Group. Financial terms of the acquisition were not disclosed.
To learn more about SIRVA, call 1.800.341.5648 or visit www.sirva.com.