WillScot Mobile Mini announced it has completed the previously announced divestiture of its UK Storage segment to Algeco UK Holdings Limited, a member of the Modulaire Group, effective January 31, 2023. The Company received approximately $410M from the sale, which will be used to support ongoing reinvestment in the Company’s core Modular and Storage operating segments and other capital allocation priorities. The UK Storage segment will be reported as discontinued operations in the Company’s Q4 2022 financial filings, and management will provide 2023 financial guidance excluding the UK Storage segment in the Q4 2022 earnings press release on February 21, 2023.
Published first on TheFly
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