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Activist Investor TOMS Builds Stake in WillScot, Pushes for Review

Operations During Nemo Building Systems Modular Housing Installation As 10.5% Rise In Construction Spending In 2015 — *Photographer: Chip Chipman/Bloomberg News*

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By Crystal Tse and Vinicy Chan

November 5, 2024 at 9:26 PM UTC

This article is for subscribers only.

TOMS Capital Investment Management has built a stake in WillScot Holdings Corp., a provider of modular buildings and storage, people with knowledge of the matter said.

The activist investor is pushing Phoenix-based WillScot to consider launching a strategic review, according to the people, who asked not to be identified discussing confidential information. The size of TOMS Capital’s investment couldn’t immediately be learned.