WillScot Pivots to Share Repurchases Following Deal Failure – Buyback Wednesdays
WillScot Holdings (WSC), a provider of turnkey space solutions, recently caught my attention when the company quickly pivoted to aggressive share repurchases following the termination of a major merger. Historically, the company has been aggressively buying back shares, slashing its outstanding shares by nearly 20% over the past three years. Let’s dive deeper into what makes this company so compelling.
WillScot Holdings Corporation (WSC): $37.24
Market Cap: $7.09B
EV: $10.80B
Key Insights
- WillScot has a strong market position, with around 50% market share in modular workplace solutions and 25% market share in portable storage solutions.
- The share price increased 145% over the last five years, rising significantly since it acquired Mobile Mini in 2020.
- The proposed merger with McGrath RentCorp (MGRC) was recently mutually called off due to regulatory hurdles.
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