September 21, 2017 6:40 AM ET

Real Estate Management and Development

Company Overview of Algeco Scotsman Global S.a.r.l.

Company Overview

Algeco Scotsman Global S.à r.l., together with its subsidiaries, engages in the lease and sale of mobile offices, modular buildings, and storage products. Its modular space and remote accommodation products include offices, classrooms, accommodation/sleeper units, work camp products, special purpose temporary spaces, and other self-sufficient multi-unit modular structures. The company offers its products under the Algeco Chengdong, Algeco, Ausco Modular, Elliott, Hawaii Modular Space, Portacom Building Solutions, Target Logistics, and Williams Scotsman brand names. It leases its modular space and portable storage units to customers in various end-markets, including energy and natural resourc...

901 South Bond Street

Suite 600

Baltimore, MD 21231

United States

Founded in 2007

5,100 Employees

Phone:

410-931-6000

Key Executives for Algeco Scotsman Global S.a.r.l.

Chief Executive Officer
Age: 48
Chief Financial Officer and Executive Vice President
Age: 60
President of Asia-Pacific
President of Target Logistics
President of Europe
Compensation as of Fiscal Year 2017.

Algeco Scotsman Global S.a.r.l. Key Developments

Algeco Scotsman Seeks Acquisitions

Diarmuid Cummins, Chief Executive Officer of Algeco Scotsman Global S.a.r.l. said,"With the recently announced agreement to sell our North American modular space and portable business to Williams Scotsman, we take our biggest step forward so far. The proposed transaction provides Williams Scotsman with a platform to continue its organic growth and to pursue acquisitions when they make sense. The transaction also reduces the liquidity constraints for Algeco Scotsman's remaining operations and materially reduces the total amount of AS group debt. With the help of our ABL bankers, we have agreed a new fit for purpose ABL facility for Algeco Scotsman's remaining business that will come into effect upon the consummation of the sale of Williams Scotsman. We'll talk about both of these events later in our call, along with Algeco Scotsman's intention around some add-on acquisitions for our European leasing and our North American remote accommodations business."

Algeco Scotsman Global S.a.r.l., Q2 2017 Earnings Call, Aug 24, 2017

Algeco Scotsman Global S.a.r.l., Q2 2017 Earnings Call, Aug 24, 2017

Algeco Scotsman Reports Earnings Results for the First Quarter of 2017

Algeco Scotsman reported earnings results for the first quarter of 2017. For the quarter, adjusted EBITDA at constant currency was $76.6 million, which is down $12.1 million versus the same period last year. And adjusted EBITDA at actual FX was $74.6 million, which was down from last year by $14.1 million. CapEx was $25.6 million was up $12.4 million from $13.2 million last year. Gross capital expenditures were $56.7 million, which is up $26 million from the prior year.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
August 21, 2017
Williams Scotsman International, Inc.
Private Placement
February 3, 2017
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