PHOENIX, April 11, 2022 (GLOBE NEWSWIRE) — WillScot Mobile Mini Holdings, a North American leader in modular space and portable storage solutions, today announced that it closed the acquisition of Canadian storage services provider Storstac. The transaction was funded with cash on hand and borrowings under the Company’s revolving credit agreement. This acquisition adds over 1,100 storage units in the Company’s existing markets in the greater Toronto area.
Brad Soultz, Chief Executive Officer, commented, “I am excited to welcome the new employees of Storstac Inc. to our team at WillScot Mobile Mini. Storstac’s rental operations expand our presence and capabilities in the greater Toronto area. Consistent with our M&A strategy, we look forward to providing our ‘Ready to Work’ value proposition to new customers and leveraging our commercial and organizational best practices across our newly expanded team and fleet, underpinned by our scalable technology platform. Thank you to both our new and existing team members who are now working together to integrate our operations.”
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.