WILLSCOT MOBILE MINI HOLDINGS CORP.

(WSC)
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WillScot Mobile Mini Acquires Regional Modular And Storage Services Provider In Midwest United States

12/14/2021 | 08:00am EDT

PHOENIX, Dec. 14, 2021 (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 closed the acquisition of McDonald Modular Solutions. The transaction was funded with cash on hand and borrowings under the Company’s revolving credit agreement. This acquisition adds approximately 1,300 modular units and over 300 storage units in the Company’s existing markets in Michigan and Ohio.

Brad Soultz, Chief Executive Officer, commented, “I am excited to welcome the employees of McDonald Modular Solutions to our team at WillScot Mobile Mini. This transaction expands our presence and capabilities in the greater Midwest 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 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 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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Financials (USD)
Sales 2022 2 157 M - -
Net income 2022 296 M - -
Net Debt 2022 2 622 M - -
P/E ratio 2022 25,4x
Yield 2022 -
Capitalization 7 550 M 7 550 M -
EV / Sales 2022 4,72x
EV / Sales 2023 4,29x
Nbr of Employees 4 700
Free-Float 97,1%
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Mean consensus BUY
Number of Analysts 11
Last Close Price 33,93 $
Average target price 47,08 $
Spread / Average Target 38,8%
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Managers and Directors
Bradley L. Soultz Chief Executive Officer & Director
Tim D. Boswell President & Chief Financial Officer
Erik Olsson Non-Executive Chairman
Graeme Parkes Chief Information Officer & Executive VP
Warren Smith Chief Administrative Officer & Executive VP
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