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Willscot Mobile Mini Acquires Modular Space And Portable Storage Provider In Northeastern Us

Jul 13, 2022•about 3 years ago

Acquiring Company

WillScot Mobile Mini Holdings

Acquired Company

Ramon.Space

Los Altos

Description

WillScot Mobile Mini Holdings Corp. (“WillScot Mobile Mini” or the “Company”) (Nasdaq: WSC), a North America leader in modular space and portable storage solutions, today announced it has acquired the rental fleet and related assets of Modulease Corporation. The transaction was funded with cash on hand and borrowings under the Company’s revolving credit agreement. This acquisition adds more than 400 mobile offices and approximately 100 portable storage containers to the Company’s existing operations in New England.

Company Information

Company

WillScot Mobile Mini Holdings

About

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.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed