WillScot Mobile Mini buys in California
By Belinda Smart23 May 2022
North American modular and portable accommodation specialist WillScot Mobile Mini Holdings has acquired Elite Modular Leasing and Sales, adding 900 modular units to its existing operations throughout California.
It is understood the transaction, for an undisclosed sum, was funded with cash on hand and borrowings under the company’s revolving credit agreement.
Elite Modular Leasing and Sales was founded in 2016 and is a portable building manufacturer in Perris, California. It specialises in buildings for schools and the wider education market.
Brad Soultz, WillScot Mobile Mini CEO, said the acquisition of Elite Modular would expand the company’s presence in California and add “particular expertise serving the public education sector.”
“I have been impressed by the Elite team and their demonstrated success competing in this market. As we continue to execute our growth strategy, I am excited to offer our diverse and fully turnkey offering to these new customers.
“I welcome the employees of Elite Modular to the WillScot Mobile Mini team and thank them and our current team for their efforts in integrating these two great organizations.”
Earlier in the year, WillScot Mobile Mini confirmed its plans for marked growth through acquisitions in 2022.
The company invested $147 million seven acquisitions in the second half of 2021, including American Mobile Leasing, Équipe Container Services, Saf-T-Box, LP and LA based Portable Storage Accommodation.