BALTIMORE, Jan. 03, 2018 (GLOBE NEWSWIRE) -- WillScot Corporation (NASDAQ:WSC) (“Williams Scotsman”) today announced that it has acquired Onsite Space LLC (d/b/a Tyson Onsite, www.TysonOnsite.com). As a result of the acquisition, Williams Scotsman will expand its Ready to Work services to existing and incremental customers in the Midwest, most notably in Indiana, Illinois and Missouri. The acquisition increases Williams Scotsman’s offering by approximately 1,750 units.
Brad Soultz, president and chief executive officer of Williams Scotsman, commented, “We are excited to announce the addition of Tyson Onsite to our Company. Tyson Onsite is highly complementary to the Williams Scotsman market strategy and strengthens our position in key Midwestern markets. I am pleased to welcome Tyson Onsite employees to our Company and look forward to the many growth opportunities ahead for Williams Scotsman. As we move forward in 2018, we continue to see excellent acquisition opportunities in our target markets and we are well positioned to further execute on our growth strategy.”
The transaction was funded with cash on hand and borrowings under Williams Scotsman’s revolving credit agreement. Financial terms of the transaction were not disclosed.
About WillScot Corporation
Headquartered in Baltimore, Maryland, WillScot Corporation is the public holding company for the Williams Scotsman family of companies in the United States, Canada and Mexico. WillScot Corporation trades on the NASDAQ stock exchange under the ticker symbol “WSC.” Williams Scotsman is a specialty rental services market leader providing innovative modular space and portable storage solutions across North America. Williams Scotsman is the modular space supplier of choice for the construction, education, health care, government, retail, commercial, transportation, security and energy sectors. With over half a century of innovative history, organic growth and strategic acquisitions, its branch network includes over 100 locations, its fleet comprises nearly 100,000 modular space and portable storage units and its customer base has grown to approximately 35,000.
About Tyson Onsite
Tyson OnSite is a regional leader in the rental and sales of commercial modular buildings, mobile offices, portable classrooms, and storage solutions. Tyson OnSite is headquartered in Indianapolis, IN and currently services customers throughout the Midwest with locations in Indianapolis, IN and St. Louis, MO.
