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WillScot and Mobile Mini to Merger, Mobile Mini Shareholders to Recieve 2.405 WillScot Shares Per Mobile Mini Share Owned

Combined 2019 revenue of ~$1.7 billion and Adj. EBITDA1 of ~$650 million, including an estimated $50 million of cost synergies Expects greater than $290 million of annual free cash flow2 generation in 2020,

Benzinga · 03/02/2020 11:57
  • Combined 2019 revenue of ~$1.7 billion and Adj. EBITDA1 of ~$650 million, including an estimated $50 million of cost synergies
  • Expects greater than $290 million of annual free cash flow2 generation in 2020, strengthening liquidity and creating capital allocation flexibility
  • Expects to realize $50 million in annualized cost synergies with ~80% captured in run-rate by year two post-close
  • Transaction expected to be highly accretive – with greater than 10% free cash flow2 per share accretion for both sets of shareholders
  • Compelling unit economics with diversified and predictable lease revenues – significant incremental revenue opportunity attributable to complementary customer offerings