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Benzinga
Benzinga
Business
Akanksha Bakshi

WillScot Mobile Mini Acquires Storstac For Undisclosed Sum

WSC Nasdaq Toronto
  • Willscot Mobile Mini Holdings Corp (NASDAQ:WSC) closed the acquisition of Canadian storage services provider Storstac Inc. Deal terms were not disclosed.
  • This acquisition adds over 1,100 storage units to WSC's existing markets in the greater Toronto area.
  • The company funded the transaction with cash on hand and borrowings under its revolving credit agreement.
  • Willscot Mobile Mini held cash and equivalents of $12.7 million as of December 31, 2021.
  • Price Action: WSC shares are trading higher by 0.89% at $36.30 on the last check Monday.
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