Williams Scotsman acquires Acton Mobile
WillScot Corporation (Williams Scotsman) has completed its previously announced acquisition of Acton Mobile (ActonMobile.com) for a cash purchase price of approximately USD235 million.
Williams Scotsman will have nearly 100,000 modular space and portable storage units serving approximately 35,000 customers from over 100 locations across the United States, Canada and Mexico. Williams Scotsman will expand the breadth and depth of its Ready to Work services to existing and incremental customers and markets.
Brad Soultz, president and chief executive officer of Williams Scotsman, says: "We are excited to complete our acquisition of Acton, and believe that it presents a compelling opportunity to strategically expand our Ready to Work solutions to existing and incremental customers and markets. I am pleased to welcome the talented and experienced Acton employees to our Company, and look forward to the many growth opportunities ahead for Williams Scotsman."
The transaction was funded with cash on hand and borrowings under its revolving credit agreement.