WillScot Corporation (Williams Scotsman) has acquired Onsite Space (Tyson Onsite) expanding its Ready to Work services to 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, says: “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.
