WillScot Mobile Mini Acquires Regional Storage Services Provider
WillScot Mobile Mini Holdings Corp. (Nasdaq: WSC) has acquired over 1,000 storage units and related assets from Georgia Storage Containers, Inc. The acquisition enhances WillScot's operations in the greater Atlanta market, funded through available cash and credit. CEO Brad Soultz highlighted the immediate benefits for new customers, offering access to innovative portable storage solutions and logistics capabilities, aimed at improving customer satisfaction and operational efficiency. This strategic move positions WillScot for potential growth in the competitive modular space and storage solutions market.
- Acquisition of over 1,000 storage units enhances presence in Atlanta market.
- Immediate access to innovative storage solutions for new customers.
- Strengthens logistics capabilities to improve customer service.
- None.
PHOENIX, May 09, 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 that it has acquired the rental fleet and related assets from Georgia Storage Containers, Inc. The transaction was funded with cash on hand and borrowings under the Company’s revolving credit agreement. This acquisition adds over 1,000 storage units to the Company’s existing operation in the greater Atlanta market.
Brad Soultz, Chief Executive Officer, commented, “I am excited about this transaction and what it adds to our operations in Atlanta. These new customers have immediate access to the most innovative portable storage offering in North America – from our proprietary door closure and locking systems and value-added products collection to our best-in-class, in-house logistics capabilities. We strive to make it easy for customers to get exactly what they need and be Ready to Work the moment their order arrives.”
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 workspace and portable storage 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.
Contact Information
Investor Inquiries:
Nick Girardi
nick.girardi@willscotmobilemini.com
Media Inquiries:
Scott Junk
scott.junk@willscotmobilemini.com
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