SMARTBOX Acquires Big Box Storage, Increases National Footprint to 43 Major Markets

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SMARTBOX Portable Self Storage acquires a leading California-based mobile storage player. The acquisition will increase the national footprint and bolster its long distance moving and storage operations.

This transaction allows us to accomplish our goal of expanding our footprint throughout the country

SMARTBOX , one of the fastest-growing portable storage and moving companies, today announces the acquisition of Big Box Storage, a move that increases its national footprint to 43 markets served by 26 franchisees from coast to coast.

With the addition of San Diego-based Big Box Storage, SMARTBOX enhances its West Coast presence with locations in San Diego, Phoenix, Seattle, Las Vegas and Portland, Ore., and also enters the New York City and Washington D.C., markets. SMARTBOX, named to the "Franchise 50" by the Franchise Business Review, currently operates in Atlanta, Baltimore, Boston, Charlotte, N.C., Chicago, Denver, Fredericksburg, Va., Jacksonville, Fla., Los Angeles, Minneapolis/St. Paul, New Orleans, Norfolk/Virginia Beach, Va., Raleigh, N.C., Richmond, Va., San Antonio and West Palm Beach, Fla.

The acquisition also allows the new company to offer its unique long-distance moving services to nearly 65 percent of the U.S. population.

The combined company initially will be run under the SMARTBOX and Big Box brands, both of which are ranked in Entrepreneur magazine's Franchise 500®. Terms of the deal were not disclosed.

"This transaction allows us to accomplish our goal of expanding our footprint throughout the country," SMARTBOX President Michael Lowe said, "and solidify our portable storage presence and our place as the clear No. 2 player in the industry. We believe that the combined Company, and the strength of the two brands, will drive significant value creation. We are committed to realizing the significant operating and strategic opportunities from bringing these two companies together."

Added Brian Hurley, president of Big Box Storage: "We're certainly excited by the new opportunities created in combining two of the portable storage industry's premium brands. Our customers will still be able to call on Big Box Storage for their portable storage needs, yet be able to take advantage of SMARTBOX's high level of customer service and long-distance moving capabilities."

Existing customers will continue to do business with their current SMARTBOX or Big Box franchise and be able to take advantage of long-distance moves to almost anywhere in the country. Through the acquisition and partnerships with other firms, SMARTBOX can handle moves between the top 65 major markets in the United States.

SMARTBOX, founded in 2003, and Big Box Storage, founded in 2002, offer individuals and businesses affordable and convenient storage and moving solutions. Customers contact the company, which then delivers its flexibly sized storage containers directly to their door. Users pack their boxes according to their schedules, and when finished, they can keep the boxes at their existing site or call SMARTBOX or Big Box to pick them up for storage at their secure storage centers or delivery to another location - across town or across the country.

About SMARTBOX
SMARTBOX is a leader in the portable self-storage industry, offering individuals and businesses affordable and convenient storage and local and long-distance moving solutions. Based in Richmond, Va., SMARTBOX services nearly 100 million people in 43 markets throughout the United States. SMARTBOX also can handle long-distance moves to 65 major metropolitan areas serving more than 135 million people. For a complete list of locations, please visit http://www.smartboxusa.com.

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Dusty Rhodes

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