WillScot Mobile Mini Acquires Regional Storage and Modular Services Assets in Northeast United States
WillScot Mobile Mini Acquires Regional Storage and Modular Services
Assets in Northeast United States
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 the rental assets of Hecht Trailers in New Jersey.
The transaction was funded with cash on hand and borrowings under
the Company’s revolving credit agreement. This acquisition adds
over 2,000 storage units and over 200 modular units in the
Company’s existing markets in the northeast United States.
Brad Soultz, Chief Executive Officer, commented, “I am excited
to welcome new employees of Hecht Trailers to our team at WillScot
Mobile Mini. Hecht Trailers’ rental operations expand our presence
and capabilities in the greater northeast region. Consistent with
our M&A strategy, we look forward to providing our ‘Ready to
Work’ value proposition to new customers and applying our
commercial and organizational best practices, while leveraging our
scalable technology platform. Thank you to both our new and
existing team members who are now working together to integrate our
Cautionary Statement Regarding Forward-Looking
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
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.
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