Private equity firms eye $7bn mobile office giant Willscot

Willscot Holdings, a $7bn leader in mobile office solutions, is reportedly attracting interest from private equity firms.

While no formal sales process is underway, sources indicate that at least one buyout firm has engaged bankers to explore a potential acquisition.

The company manufactures portable office containers widely used at construction sites, industrial facilities, and schools. Despite a weaker market, Willscot generated $143m in cash flow last quarter, bolstering its appeal to private equity investors.

Willscot is also managing pressure from TOMS Capital, an activist investor with a history of successful campaigns, including at Kellanova (formerly Kellogg Company). TOMS’ exact plans for Willscot remain unclear, but the investor’s involvement has added a layer of complexity as the company navigates potential takeover interest.

Shares of Willscot have declined 16% over the past year, lagging broader market performance. The combination of private equity interest and activist investor activity could set the stage for significant developments in the coming months. Both Willscot and TOMS Capital declined to comment.

Source: Semafor

Can’t stop reading? Read more