Williams Scotsman, a Baltimore-based modular space rental company, has acquired a similar Midwestern company known as Tyson Onsite.
Financial terms were not disclosed.
The deal expands Williams Scotsman’s reach to encompass Indianapolis-based Tyson Onsite’s Midwestern customers and adds 1,750 modular units to the Baltimore company’s fleet.
“Tyson Onsite is highly complementary to the Williams Scotsman market strategy and strengthens our position in key Midwestern markets,” said Brad Soultz, Williams Scotsman’s president and CEO, in a statement.
The acquisition is Williams Scotsman’s second since it was acquired this fall by a shell public company and separated from its European parent company.
Double Eagle Acquisition Corp., a publicly traded Los Angeles investment firm owned by a pair of Hollywood executives, acquired Williams Scotsman for $1.1 billion in a deal that closed in November. Double Eagle was renamed WillScot Corp. and serves as the holding company for Williams Scotsman.
The move was intended to free Williams Scotsman to grow more quickly, by both organic growth and acquisitions.
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