WillScot Holdings Corp

WillScot Holdings Corporation (NASDAQ: WSC) is a leading North American provider of turnkey temporary space and portable storage solutions headquartered in Scottsdale, Arizona. The company operates through an extensive network of approximately 260 branch locations across the United States, Canada, and Mexico, serving over 85,000 customers across 15 distinct end markets.

The company's core business centers on leasing modular space units and portable storage containers, complemented by a comprehensive portfolio of value-added products and services. WillScot's modular space offerings include panelized and stackable offices, single-wide mobile offices, section modulars, classroom units, ground level offices, blast-resistant modules, and clearspan structures. Its portable storage solutions encompass standard steel containers, climate-controlled containers, refrigerated trailers, and specialized storage systems. The company also provides an extensive array of value-added products including workstations and furniture, power and connectivity solutions, security systems, entrance packages, sanitation services, lighting, organization systems, and perimeter fencing solutions.

As of December 31, 2025, WillScot operated a fleet of over 304,000 units representing approximately 100 million square feet of relocatable commercial space and a net book value of $3.1 billion. The company's revenue is diversified across end markets, with the commercial and industrial segment accounting for approximately 43 percent of revenues and the construction and infrastructure segment representing approximately 42 percent of revenues for the year ended December 31, 2025. The remaining revenues derive from energy and natural resources, government and institutions, and other markets.

WillScot's business model emphasizes long-term leasing relationships, with average effective lease durations of approximately 42 months for modular space and portable storage units, excluding seasonal units. The company generates recurring revenue through monthly rental contracts that typically renew on a month-to-month basis after initial terms. WillScot operates a hybrid in-house and outsourced logistics infrastructure providing delivery, installation, maintenance, and removal services. The company has executed approximately 40 acquisitions totaling approximately $4.9 billion in enterprise value since its 2017 public listing, including transformational acquisitions of Modular Space Corporation in 2018 and Mobile Mini in 2020. WillScot's competitive advantages include its extensive branch network, sophisticated logistics capabilities, technology infrastructure, diversified customer base, and proven acquisition integration track record.