WillScot Mobile Mini Acquires Sommer's Mobile Leasing For Undisclosed Sum

• WillScot Mobile Mini Holdings Corp (NASDAQ: WSC) has closed the acquisition of regional Modular Space company Sommer's Mobile Leasing, Inc. for undisclosed financial terms.

• This acquisition adds about 1,200 modular units and about 500 storage units in the company's existing U.S. markets in Ohio and West Virginia.

• WillScot funded the transaction with cash on hand and borrowings under the revolving credit agreement. It held cash and cash equivalents of .4 million as of June 30, 2021.

• "Consistent with our M&A strategy, these operations allow us to extend our 'Ready to Work' value proposition to new customers with our industry-leading service capabilities while leveraging our technology investments and operational best practices to create value for our shareholders," said CEO Brad Soultz.

• Price Action: WSC shares are trading higher by 1.29% at $33.86 on the last check Monday.

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