WillScot Mobile Mini Acquires Assets of Portable Storage Provider in Northern California

Rhea-AI Summary

WillScot Mobile Mini Holdings Corp. (WSC) announced the acquisition of Container Solutions' dry rental storage fleet based in Concord, California. This strategic move adds approximately 1,200 portable storage containers and mobile offices to WSC's existing fleet. Container Solutions will retain its refrigerated and temperature-controlled rental fleet. This acquisition enhances WillScot's position in the modular space and portable storage market, expanding their service offerings across diverse end markets.

Positive

• Acquisition adds 1,200 portable storage containers and mobile offices, expanding fleet and service offerings.
• Strengthens market position in modular space and portable storage solutions.

Negative

• None.

PHOENIX, Sept. 14, 2022 (GLOBE NEWSWIRE) -- WillScot Mobile Mini Holdings Corp. (“WillScot Mobile Mini” or the “Company”) (Nasdaq: WSC), a North American leader in modular space and portable storage solutions, today announced it has acquired the dry rental storage fleet of Container Solutions based in Concord, California. The acquisition adds approximately 1,200 portable storage containers and mobile offices to the WillScot Mobile Mini fleet.

Container Solutions is retaining its rental fleet of refrigerated and temperature-controlled containers, as well as its container sales and modifications business.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended. The words "estimates," "expects," "anticipates," "believes," "forecasts," "plans," "intends," "may," "will," "should," "shall," "outlook" and variations of these words and similar expressions identify forward-looking statements, which are generally not historical in nature. Certain of these forward-looking statements include statements relating value creation, the Company’s share price, and the Company’s future performance. Forward-looking statements are subject to a number of risks, uncertainties, assumptions and other important factors, many of which are outside our control, which could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. These risks include, without limitation, the risks and uncertainties described in the periodic reports we file with the SEC from time to time (including our Form 10-K for the year ended December 31, 2021), which are available through the SEC’s EDGAR system at www.sec.gov and on our website. Any forward-looking statement speaks only at the date on which it is made, and WillScot Mobile Mini disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

About WillScot Mobile Mini Holdings Corp.

WillScot Mobile Mini Holdings trades on the Nasdaq stock exchange under the ticker symbol “WSC.” Headquartered in Phoenix, Arizona, the Company is a leading business services provider specializing in innovative flexible mobile office, portable storage and workspace productivity solutions. WillScot Mobile Mini services diverse end markets across all sectors of the economy from a network of about 280 branch locations and additional drop lots throughout the United States, Canada, Mexico, and the United Kingdom.

Media Contact Information

Jessica Taylor

jetaylor@willscotmobilemini.com

Investor Contact Information

Nick Girardi

nick.girardi@willscotmobilemini.com

FAQ

What did WillScot Mobile Mini acquire from Container Solutions?

WillScot Mobile Mini acquired the dry rental storage fleet of Container Solutions, which includes approximately 1,200 portable storage containers and mobile offices.

How does the acquisition of Container Solutions impact WSC's business?

The acquisition enhances WSC's market position in modular space and portable storage solutions, allowing for expanded service offerings.

When was the Container Solutions acquisition announced?

The acquisition was announced on September 14, 2022.

What type of containers will Container Solutions retain after the acquisition?

Container Solutions will retain its rental fleet of refrigerated and temperature-controlled containers, as well as its container sales and modifications business.