SmartBox, a Richmond, Va.-based portable-storage company known for its big, red boxes, is expanding its geographic reach with an acquisition.
The company acquired the assets of Big Box Storage Franchising Inc. The deal will give SmartBox a stronger West Coast presence and expand its reach to 43 markets nationwide served by 26 franchises. It will also create as many as 20 new jobs in the Richmond area.
Both companies are privately owned, and terms of the deal were not disclosed. Several Richmond investors started SmartBox in 2003 with the goal of building a national franchise business in portable storage. For more information, visit www.smartboxusa.com.
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