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WillScot - M&A Summary and Business Overview

Business ServicesCompany

WillScot M&A Summary

WillScot has acquired 12 companies, including 7 in the last 5 years. A total of 4 acquisitions came from private equity firms. It has also divested 2 assets.

WillScot’s largest acquisition to date was in 2024, when it acquired McGrath RentCorp. for $3.8B. It’s largest disclosed sale occurred in 2022, when it sold Ironclad Environmental Solutions to Kinderhook Industries for $323M. WillScot has acquired in 8 different US states, and 2 countries. The Company’s most targeted sectors include business services (40%) and packaging (20%).

WillScot Business Overview

Where is WillScot headquartered?

WillScot is headquartered in Phoenix, Arizona.

What is WillScot’s revenue?

WillScot disclosed revenue of 2,396M USD for 2024 and 2,365M USD for 2023.

How many employees does WillScot have?

WillScot has 4,500 employees.

What sector is WillScot in?

WillScot is a business services company.

When was WillScot founded?

WillScot was founded in 1944.

M&A Summary

  • M&A Total Activity12
    • M&A Buy Activity10
    • M&A Sell Activity2
  • Total Sectors Invested 4
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 6
  • M&A Advisors 9

WillScot

WillScot Holdings Corp.

4646 East Van Buren Street, Suite 400,
Phoenix, Arizona 85008
United States,
(480) 894-6311
www.willscot.comm

WillScot is a specialty modular space and portable storage rental solutions across North America. The company is the modular space supplier of choice for the construction, education, health care, government, retail, commercial, transportation, security and energy sectors. WillScot was founded in 1944 and is headquartered in Phoenix, Arizona.


M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (1.2/yr) # 4 3 2 - 1 - 10
vol $2.2B $3.8B $6.0B
Sell (0.4/yr) # - - 2 - - - 2
vol $323M $323M
  12

Most Recent M&A

Company Date Value Type
McGrath RentCorp. 2024-01-29 3.8B USD Add-on Acquisition
Livermore, California · www.mgrc.com
Mobile Mini UK Ltd. 2022-12-13 - Divestiture
Stockton-on-Tees, United Kingdom · www.mobilemini.co.uk
Ironclad Environmental Solutions 2022-08-22 323M USD Divestiture
Baytown, Texas · www.ironcladenvironmental.com
Elite Modular Leasing & Sales, Inc. 2022-05-16 - Add-on Acquisition
Perris, California · www.elitemodular.net
Storstac, Inc. 2022-04-11 - Add-on Acquisition
Etobicoke, Ontario · www.storstac.com
Equipe Container Services, Inc. 2021-09-20 - Add-on Acquisition
Raleigh, North Carolina · www.moveablecontainer.com
Saf-T-Box LP 2021-09-20 - Add-on Acquisition
Spring Branch, Texas · www.saf-t-box.com
American Mobile Leasing, Inc. 2021-09-20 - Add-on Acquisition
Lancaster, Ohio · www.americanmobileleasing.com
Mobile Mini, Inc. 2020-03-02 - Merger
Phoenix, Arizona · www.mobilemini.com
Modular Space Corp. 2018-06-22 1.1B USD Add-on Acquisition
Berwyn, Pennsylvania · www.modspace.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Williams Scotsman International, Inc. 2017-08-21 Acton Mobile Industries LLC 2017-12-12 1
Baltimore, Maryland · www.willscot.com Baltimore, Maryland · www.actonmobile.com

M&A by Sector

Sector Buy # Value Sell # Value
Business Services 4 (40%) 3.8B (63%) - -
Real Estate 2 (20%) 1.1B (18%) 1 (50%) -
Building Materials 2 (20%) 1.1B (18%) - -
Packaging 2 (20%) - - -
Environmental - - 1 (50%) 323M (100%)
Total 10 $6.0B 2 $323M

By Geo

State/Country Buy Value Sell Value
United States 9 6.0B 1 323M
  California 2 3.8B - -
  Texas 1 - 1 323M
  Pennsylvania 1 1.1B - -
  Ohio 1 - - -
  North Carolina 1 - - -
  Maryland 1 1.1B - -
  Indiana 1 - - -
  Arizona 1 - - -
Canada 1 - - -
  Ontario 1 - - -
United Kingdom - - 1 -
Domestic 9 (90%) 6.0B (100%) 1 (50%) 323M (100%)
Cross-border 1 (10%) - 1 (50%) -
Total 10 $6.0B 2 $323M

Top M&A Advisors

Financial Deals
BofA Securities
 3
Deutsche Bank Corporate & Investment Banking
 2
Morgan Stanley
 2
Legal Deals
A&O Shearman
 2
Fox Rothschild
 1

Deal Values

buy # Total
> $1B 3 $6.0B
TOTAL $6.0B
Largest McGrath RentCorp.
$3.8B (2024-01-29)
sell # Total
$100M to $1B 1 $323M
TOTAL $323M
Largest Ironclad Environmental Solutions
$323M (2022-08-22)

M&A Connections

Deals
Acquired from
Investor(s)
20%
2 (20%)
Divested to
Investor(s)
50%
1 (50%)
Strategic(s)
50%
1 (50%)

Company Summary

SECTOR

Business Services

Revenue

2,396   2% 2024
2,365   11% 2023
2,143   14% 2022
1,895   39% 2021
1,368   29% 2020
1,064   42% 2019
751   69% 2018
446   2017
453   2015
(millions of USD) Show More Show Less

Employees

4,500

Established

1944

Public

NASDAQ: WSC

Former Name

WillScot Mobile Mini Holdings Corp. WillScot Corp., Double Eagle Acquisition Corp

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