WillScot Mobile Mini Acquires Regional Storage Services Provider
WillScot Mobile Mini Holdings Corp. (WSC) announced the acquisition of a rental fleet from Decatur Container Sales and Rentals, adding over 1,900 storage units to its operations in Alabama, Mississippi, Georgia, and Southern Tennessee. This strategic move, funded through cash and credit, aims to enhance the company's market presence and provide innovative storage solutions. CEO Brad Soultz emphasized the importance of integration and immediate access for new customers. The transaction aligns with WillScot's growth strategy in the modular space and portable storage industry.
- Acquisition adds over 1,900 storage units, expanding market presence.
- Strategic alignment with growth in Alabama, Mississippi, Georgia, and Southern Tennessee.
- Enhances customer access to innovative storage solutions and logistics capabilities.
- None.
PHOENIX, April 27, 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 Decatur Container Sales and Rentals. The transaction was funded with cash on hand and borrowings under the Company’s revolving credit agreement. This acquisition adds over 1,900 storage units to the Company’s existing markets in Alabama, Mississippi, Georgia and Southern Tennessee.
Brad Soultz, Chief Executive Officer, commented, “I am excited to be expanding our presence across Alabama, Mississippi, Georgia and Southern Tennessee. 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. I would like to thank both our new and existing team members who are working together to integrate our operations.”
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/A for the year ended December 31, 2020), 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
FAQ
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