Nov 21, 2023

Capstone Partners Advised 616GC on its Sale to Willscot Mobile Mini (NASDAQ: WSC)

Capstone Partners advised 616 Global Clearspans (616GC) LLC—a leading provider of temporary and semi-permanent structures—on its acquisition by Willscot Mobile Mini Holdings Corp (NASDAQ: WSC). Terms of the deal were not disclosed.

Since 2012, the owner-operated 616GC has provided turnkey temporary and semi-permanent structures, HVAC, flooring, graphics, and more to a national and international client base. The structures are used in large-scale industrial warehousing, construction sites, retail and distribution spaces, and high-end event spaces. The 616GC team has decades of experience partnering with major international brands and has worked on some of the largest event projects in the United States. For more information, visit 616GC here.

The Capstone team worked extremely hard to keep the process on track and focused for a successful close.

Murray HamiltonCEO of 616GC

The acquisition further extends WillScot Mobile Mini’s comprehensive offering of temporary space solutions, adding capability to create more expansive space solutions for the combined company’s core markets and providing growth opportunities in new end markets.

WillScot Mobil Mini Holdings Corp LLC (NASDAQ: WSC), at $7.7 billion market cap, is a leading provider of temporary workspace and portable storage solutions that services clients across the United States, Canada, and Mexico. Headquartered in Phoenix, Arizona, WillScot specializes in innovative and flexible temporary space solutions including modular office complexes, mobile offices, classrooms, temporary restrooms, portable storage containers, and more.

Tim Boswell, President and Chief Financial Officer at WillScot, commented, “Adding flexible clearspan structures to our already expansive portfolio of space solutions is another step in our strategy to make it easy for companies to get the right turnkey space they need for their projects… The 616GC team and products are a terrific addition to WillScot Mobile Mini, and we are excited about the obvious commercial synergies in the combination.”

The expert investment banking professionals at Capstone Partners work with leading middle market companies to advise with their strategic decision-making in order to maximize financial outcomes at every stage of the business lifecycle. Our firm has developed a full suite of corporate finance solutions, including M&A advisory, debt advisory, financial advisory, and equity capital financing to help privately owned businesses and private equity firms address any need, ranging from growth and financial or operational advisement to an ultimate exit transaction. To learn more about this transaction, or about the benefits of starting a relationship with Capstone, contact us here.