WillScot Mobile Mini Acquires Modular Space and Portable Storage Provider in Northeastern US
WillScot Mobile Mini Holdings Corp. (WSC) has acquired Modulease Corporation's rental fleet and related assets, boosting its offerings in New England. The acquisition includes over 400 mobile offices and approximately 100 portable storage containers, enhancing its market position. The deal was financed using cash reserves and credit facilities. This strategic move aims to expand WillScot's service capabilities and revenue potential in the modular space and portable storage sector.
- Acquisition of over 400 mobile offices and 100 portable storage containers enhances service offerings.
- Strategic expansion in the New England market could lead to increased revenue and market share.
- None.
PHOENIX, July 13, 2022 (GLOBE NEWSWIRE) -- WillScot Mobile Mini Holdings Corp. (“WillScot Mobile Mini” or the “Company”) (Nasdaq: WSC), a North America leader in modular space and portable storage solutions, today announced it has acquired the rental fleet and related assets of Modulease Corporation. The transaction was funded with cash on hand and borrowings under the Company’s revolving credit agreement. This acquisition adds more than 400 mobile offices and approximately 100 portable storage containers to the Company’s existing operations in New England.
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 over 275 branch locations and additional drop lots throughout the United States, Canada, Mexico, and the United Kingdom.
Media Contact Information
Jessica Taylor
Investor Contact Information
Nick Girardi
nick.girardi@willscotmobilemini.com
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