WillScot Mobile Mini Acquires McDonald Modular Solutions In Midwest

WillScot Mobile Mini Holdings Corp WSC closed the acquisition of McDonald Modular Solutions, adding ~1,300 modular units and over 300 storage units in its existing markets in Michigan and Ohio. Financial terms were not disclosed.
The company funded the acquisition with cash on hand and borrowings under its revolving credit agreement.
WillScot Mobile Mini held cash and equivalents of $11.32 million as of September 30, 2021.
Price Action: WSC shares are trading lower by 1.94% at $38.48 on the last check Tuesday.