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WillScot

#2230

Rank

$7.01B

Marketcap

US United States

Country

WillScot
Leadership team

Mr. Bradley Lee Soultz (CEO & Director)

Mr. Timothy D. Boswell (Pres & CFO)

Ms. Sally J. Shanks (Sr. VP, Chief Accounting Officer & Treasurer)

Products/ Services
Building Material, Construction, Infrastructure
Number of Employees
1,000 - 20,000
Headquarters
Baltimore, Maryland, United States
Established
1945
Company Registration
SEC CIK number: 0001647088
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
WSC
Social Media
Overview
Location
Summary
WillScot Mobile Mini Holdings Corp. provides work space and portable storage solutions in the United States, Canada, Mexico, and the United Kingdom. The company leases modular space and portable storage units to customers in the commercial and industrial, construction, education, energy and natural resources, government, and other end markets. As of December 31, 2021, it had approximately 390,000 total units, which included 162,000 modular space units; 213,000 portable storage units; 13,000 tank and pump units; and other value-added products. The company offers its solutions primarily under the WillScot and Mobile Mini brands. WillScot Mobile Mini Holdings Corp. was incorporated in 2017 and is headquartered in Phoenix, Arizona.
History

Mobile Mini, or Mobile Mini Storage Systems as it was first called, was founded in 1983 by Richard Bunger and started by selling storage containers to construction companies and manufacturers.

By 1986, the company expanded into markets outside Phoenix but in the Southwest region. Due to a shortage of cargo storage containers available, Mobile Mini started manufacturing containers in Phoenix. The early 1990s also saw the development of Mobile Mini's patented “bi-cam locking system.” As manufacturing facilities grew to accommodate new product lines and innovations, larger facilities were created, and Mobile Mini started building modular classrooms for the Arizona and New Mexico markets. In addition to these innovations and changes, Mobile Mini experienced huge growth in Texas, including Dallas, Houston, and San Antonio, along with completing acquisitions in 1998, in Las Vegas and Oklahoma City.In the 2000s, Mobile Mini continued to experience phenomenal growth. The next evolution locking system, the patented "Tri-Cam Locking System", provided customers with security in the moving and storage industry. International expansion occurred in 2004 with the acquisition of Royal Wolf in the UK and the subsequent launch of the Mobile Mini UK website, www.mobilemini.co.uk. In 2008, the company experienced a transformational merger with The Mobile Storage Group, giving Mobile Mini a combined portable storage and office rental fleet of more than 274,000 units.In 2013, Mobile Mini appointed Erik Olsson as CEO.In November 2014, Mobile Mini expanded its product line by purchasing Evergreen Tank Solutions for $405 million in cash. ETS was a leader in liquid and specialty containment solutions. With a fleet of tanks, trucks, pumps, and filters, Evergreen was a solid acquisition with a similar business model.In Spring 2015, Mobile Mini announced the decision to divest 9,400 wood mobile offices in a sale to Acton Mobile. The divestiture allowed Mobile Mini to focus on the core storage and containment products.February 2017, Mobile Mini announced the uniting of all divisions under the Mobile Mini brand. The storage and ground level office piece was re-branded Mobile Mini Storage Solutions, while the specialty containment pieces made up of Evergreen Tank and Water Movers is called Mobile Mini Tank + Pump Solutions. The overarching brand became Mobile Mini Solutions. This change allows the 30+ years of goodwill earned by Mobile Mini to be utilized in the geographic growth of the tanks and pump product line.Also in 2017 came Mobile Mini Connect, an on-demand customer service portal. The service offers customers real time account information and the ability to manage invoices, forms and rentals, in addition to requesting pickups of units.In March 2020, Mobile Mini entered a merger agreement with Baltimore-based modular space rental company WillScot Corporation. The estimated value of the combined company is approximately $6.6 billion.

Mission
WillScot’s mission is to provide customers with reliable and turnkey modular space, storage and related services solutions tailored to meet their specific needs.
Vision
WillScot's vision is to be the indispensable partner for its customers by delivering the industry’s best integrated solutions for their temporary space, storage and related services needs.
Key Team

Mr. Hezron Timothy Lopez (Exec. VP & Chief HR Officer)

Nick Girardi (Director of Treasury & Investor Relations)

Mr. Joseph F. Donegan (Exec. VP of US Field Operations)

Mr. Michael D. Rose (Investor Relations Contact)

Recognition and Awards
WillScot recently received the 2019 Arizona Family Owned Business Award for Outstanding Family Business of the Year by the Family Business Association. WillScot has also received the 2020 Fleet Equipment Magazine Excellence in Maintenance Award as well as the 2020 SmartCEO Top Family Business Award.
References
WillScot
Leadership team

Mr. Bradley Lee Soultz (CEO & Director)

Mr. Timothy D. Boswell (Pres & CFO)

Ms. Sally J. Shanks (Sr. VP, Chief Accounting Officer & Treasurer)

Products/ Services
Building Material, Construction, Infrastructure
Number of Employees
1,000 - 20,000
Headquarters
Baltimore, Maryland, United States
Established
1945
Company Registration
SEC CIK number: 0001647088
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
WSC
Social Media