WillScot Mobile Mini Acquires Leading Regional Modular Space Company
25 October 2021 - 11:00PM
WillScot Mobile Mini Acquires Leading Regional Modular Space
Company
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 closed the
acquisition of Sommer’s Mobile Leasing, Inc. The transaction was
funded with cash on hand and borrowings under the Company’s
revolving credit agreement. This acquisition adds about 1,200
modular units and about 500 storage units in the Company’s existing
U.S. markets in Ohio and West Virginia.
Brad Soultz, Chief Executive Officer, commented, “I am excited
to welcome the employees of Sommer’s Mobile Leasing to our team at
WillScot Mobile Mini. Sommer’s has been a leading provider of
modular space solutions in the Ohio and West Virginia markets since
1946. Consistent with our M&A strategy, these operations allow
us to extend our ‘Ready to Work’ value proposition to new customers
with our industry leading service capabilities while leveraging our
technology investments and operational best practices to create
value for our shareholders. I look forward to collaborating with
our new team members in our new Columbus, Cleveland, and Charleston
locations.”
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 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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