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WILLSCOT MOBILE MINI HOLDINGS CORP.

(WSC)
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WillScot Mobile Mini : Acquires Three Leading Regional Storage Services Companies

09/20/2021 | 08:00am EDT

PHOENIX, Sept. 20, 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 acquisitions of American Mobile Leasing, Inc., Equipe Container Services, Inc. d/b/a Moveable Container Storage (MCS), and Saf-T-Box, LP. The transactions were funded with cash on hand and borrowings under the Company’s revolving credit agreement. Combined, these acquisitions add about 11,000 storage units in the Company’s existing U.S. markets.

Brad Soultz, Chief Executive Officer, commented, “We are excited to welcome the employees of American Mobile Leasing, Equipe, and Saf-T-Box to the WillScot Mobile Mini family. Each company is a highly respected peer and strengthens our position in key markets across the United States. These acquisitions are consistent with our growth strategy, allowing us to extend our ‘Ready to Work’ value proposition to new customers and further expand our industry leading fleet availability and service capabilities. They also highlight the scalability of our technology platform, which allowed us to integrate seamlessly this morning and provided employees and customers access to our systems on day one post-closing. We will continue to make smart organic and inorganic investments in our business, while applying technology and our commercial and operational best practices to amplify returns. Again, welcome to our new team members. I look forward to their contributions as we collaborate together on the exciting opportunities ahead.”

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 approximately 270 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


© OMX, source GlobeNewswire - EU Press Releases

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Financials (USD)
Sales 2021 1 840 M - -
Net income 2021 149 M - -
Net Debt 2021 2 310 M - -
P/E ratio 2021 53,6x
Yield 2021 -
Capitalization 7 351 M 7 351 M -
EV / Sales 2021 5,25x
EV / Sales 2022 4,66x
Nbr of Employees 4 300
Free-Float 72,6%
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Mean consensus BUY
Number of Analysts 10
Last Close Price 32,82 $
Average target price 37,36 $
Spread / Average Target 13,8%
EPS Revisions
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 & EVP
Warren Smith Chief Administrative Officer & EVP
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