News

Algeco Scotsman Announces Management Changes

Global Workforce Housing Provider, Target Logistics, Names J. Brad Archer as President
The Woodlands, TX
April 2, 2014

THE WOODLANDS, TX (April 2, 2014) – Target Logistics Management, LLC (“Target Logistics”), an Algeco Scotsman company, today announced that, effective April 1, 2014, J. Brad Archer has been promoted to the position of President and Chief Operating Officer of Target Logistics.  Brian S. Lash, Target Logistics’ former Chief Executive Officer, continues in a non-executive capacity as Chairman of Target Logistics.

“This change is a testament to the strong team that Brian has built.  Brad has been instrumental in the development of Target Logistics. I am delighted to have him now lead all aspects of this Strategic Business Unit and continue to build Target’s reputation as the preeminent provider of turnkey workforce housing,” said Algeco Scotsman President and CEO Jean-Marc Germain.

Archer had been responsible for the design, construction and operation of site locations, in addition to business development, for Target Logistics. He began his career in 1991 as Regional Manager at Resun where he became Senior Vice President and helped the company grow from two to 48 offices. Archer next held management positions at two temporary and permanent modular manufacturers, before joining Target Logistics in 2010. He will continue to be based at Target Logistics’ operations headquarters in Texas.

As Chairman, Lash will focus on business development in new geographic areas and industries. He will also continue to be a company and industry spokesperson promoting the benefits of remote workforce accommodations for employees and communities and promoting the superior offering and services of Target Logistics.  “I am pleased to see Brian continue to spearhead the development of Target Logistics,” said Germain.

Cautionary Notice Regarding Forward Looking Statements

This press release may contain forward-looking statements, which reflect Algeco Scotsman’s expectations regarding its future operational and financial performance. Although any forward-looking statements contained in this press release reflect management’s current beliefs based upon information currently available to management and upon assumptions which management believes to be reasonable, actual results may differ materially from those stated in or implied by these forward-looking statements. A number of factors could cause actual results, performance or achievements to differ materially from the results expressed or implied in any forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on any forward-looking statements. Except as required by law, Algeco Scotsman undertakes no obligation, and specifically declines any obligation, to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

About Algeco Scotsman

Algeco Scotsman is the leading global business services provider focused on modular space, secure portable storage solutions, and remote workforce accommodation management. Headquartered in Baltimore, Algeco Scotsman has operations in 37 countries with a modular fleet of approximately 303,000 units. The company operates as Williams Scotsman in North America, Algeco in Continental Europe, Elliott in the United Kingdom, Eurobras in Brazil, Ausco in Australia, Portacom in New Zealand and Target Logistics globally.

About Target Logistics

Target Logistics, an Algeco Scotsman company, is a global provider of workforce housing and one of the largest operators of turnkey solutions in North America. It operates in some of the world’s most remote environments supporting oil, gas, mining and construction operations, government agencies, disaster relief and large-scale events with temporary workforce lodging, mobile crew camps and extended-stay hotels. Target Logistics was named by Inc. magazine in 2012 and 2013 as one of “America’s Fastest Growing Private Companies.” Visit www.TargetLogistics.net or call (800) 832-4242.

Media Inquiries
Randy E. Pruett
Pierpont Communications for Target Logistics
(214) 217-7300 (Office) / (214) 505-1685 (Mobile)
rpruett@piercom.com

Housing Inquiries
Danny Mercer
Target Logistics
(800) 832-4242
dmercer@targetlogistics.net

Algeco Scotsman Releases 2013 Financial Information

Baltimore
March 27, 2014

BALTIMORE (March 27, 2014) – Algeco/Scotsman Holding S.à r.l. (together with its subsidiaries, “Algeco Scotsman”), the leading global business services provider of modular space, secure portable storage solutions and remote workforce accommodations, today announced that its subsidiary, Algeco/Scotsman Global S.à r.l., has posted its 2013 financial information and the slide presentation to accompany its previously announced fourth quarter and fiscal year 2013 financial results conference call (scheduled for Friday, March 28, 2014 at 10:00 a.m., Eastern Time) at http://www.algecoscotsman.com/en/investors.html.

Cautionary Notice Regarding Forward Looking Statements

This press release may contain forward-looking statements, which reflect Algeco Scotsman’s expectations regarding its future operational and financial performance. Although any forward-looking statements contained in this press release reflect management’s current beliefs based upon information currently available to management and upon assumptions which management believes to be reasonable, actual results may differ materially from those stated in or implied by these forward-looking statements. A number of factors could cause actual results, performance or achievements to differ materially from the results expressed or implied in any forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on any forward-looking statements. Except as required by law, Algeco Scotsman undertakes no obligation, and specifically declines any obligation, to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

About Algeco Scotsman

Algeco Scotsman is the leading global business services provider focused on modular space, secure portable storage solutions, and remote workforce accommodation management. Headquartered in Baltimore, Algeco Scotsman has operations in 37 countries with a modular fleet of approximately 303,000 units. The company operates as Williams Scotsman in North America, Algeco in Continental Europe, Elliott in the United Kingdom, Eurobras in Brazil, Ausco in Australia, Portacom in New Zealand and Target Logistics globally.

Algeco Scotsman Announces Fourth Quarter and Fiscal Year 2013 Financial Results Conference Call

Baltimore
March 26, 2014

BALTIMORE (March 26, 2014) – Algeco/Scotsman Holding S.à r.l. (together with its subsidiaries, “Algeco Scotsman”), the leading global business services provider of modular space, secure portable storage solutions and remote workforce accommodations, today announced that its subsidiary, Algeco/Scotsman Global S.à r.l., will hold its fourth quarter and fiscal year 2013 financial results conference call on Friday, March 28, 2014 at 10:00 a.m., Eastern Time.

To access the call, please dial (847) 413–3538 or (888) 517- 2458 (US toll free) and enter participant PIN code 7289294# approximately ten minutes prior to the start of the call.  You will be placed on hold until the event begins. The conference call will also be broadcast over the internet with an accompanying slide presentation. To join the web conference, go to http://web.meetme.net/r.aspx?p=2&a=UegmqLZHyYCLgw. Please enter your name, email address and company to join the call. The customer service team can be reached at any time by pressing *0 on your telephone keypad.

Prior to the call, the slide presentation and 2013 financial information will be available at www.algecoscotsman.com/en/investors.html. Following the call, a recording of the call will also be available.

Cautionary Notice Regarding Forward Looking Statements

This press release may contain forward-looking statements, which reflect Algeco Scotsman’s expectations regarding its future operational and financial performance. Although any forward-looking statements contained in this press release reflect management’s current beliefs based upon information currently available to management and upon assumptions which management believes to be reasonable, actual results may differ materially from those stated in or implied by these forward-looking statements. A number of factors could cause actual results, performance or achievements to differ materially from the results expressed or implied in any forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on any forward-looking statements. Except as required by law, Algeco Scotsman undertakes no obligation, and specifically declines any obligation, to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

About Algeco Scotsman

Algeco Scotsman is the leading global business services provider focused on modular space, secure portable storage solutions, and remote workforce accommodation management. Headquartered in Baltimore, Algeco Scotsman has operations in 37 countries with a modular fleet of approximately 303,000 units. The company operates as Williams Scotsman in North America, Algeco in Continental Europe, Elliott in the United Kingdom, Eurobras in Brazil, Ausco in Australia, Portacom in New Zealand and Target Logistics globally.

Algeco Scotsman Amends Revolving Syndicated Facility Agreement To Allow U.S. GAAP- and U.S. Dollar-based Financial Reporting

Baltimore
March 24, 2014

BALTIMORE (March 24, 2014) – Algeco/Scotsman Holding S.à r.l. (“Algeco Scotsman” and together with its subsidiaries, the “Algeco Scotsman Group”), the leading global business services provider of modular space, secure portable storage solutions and remote workforce accommodations, today announced that certain of its U.S., Canadian, U.K., Australian and New Zealand subsidiaries (the “Borrowers”) entered into Amendment No. 1 (the “Amendment”) to the Amended and Restated Revolving Syndicated Facility Agreement, dated December 19, 2013 (the “Credit Agreement”), with Bank of America, N.A., as collateral agent and administrative agent, and the financial institutions parties thereto. Capitalized terms not otherwise defined in this press release have the meanings set forth in the Credit Agreement, as amended by the Amendment.

The Amendment allows the Borrowers to irrevocably elect to apply U.S. generally accepted accounting principles (“U.S. GAAP”), provide financial statements and reports prepared in accordance with U.S. GAAP, and calculate covenants, ratios, and other metrics using U.S. GAAP, each in lieu of International Financial Reporting Standards (“IFRS”).  The Amendment also provides that the Borrowers will deliver financial statements and calculate covenants, ratios, and other metrics in U.S. Dollars, in lieu of Euros.

The companies belonging to the Algeco Scotsman Group plan to report their financial results in U.S. Dollars beginning with their fiscal year 2013 annual financial statements, pursuant to the Credit Agreement, their senior secured and senior unsecured notes indentures, and their payment-in-kind debt loan agreement.  The Algeco Scotsman Group has no immediate plans to convert from IFRS to U.S. GAAP.

The above summary of the Amendment is a summary only and is qualified in its entirety by reference to the full text of the Amendment, a copy of which will be available at www.algecoscotsman.com/en/investors.html.

Cautionary Notice Regarding Forward Looking Statements

This press release may contain forward-looking statements, which reflect Algeco Scotsman’s expectations regarding its future operational and financial performance. Although any forward-looking statements contained in this press release reflect management’s current beliefs based upon information currently available to management and upon assumptions which management believes to be reasonable, actual results may differ materially from those stated in or implied by these forward-looking statements. A number of factors could cause actual results, performance or achievements to differ materially from the results expressed or implied in any forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on any forward-looking statements. Except as required by law, Algeco Scotsman undertakes no obligation, and specifically declines any obligation, to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

About Algeco Scotsman

Algeco Scotsman is the leading global business services provider focused on modular space, secure portable storage solutions, and remote workforce accommodation management. Headquartered in Baltimore, Algeco Scotsman has operations in 37 countries with a modular fleet of approximately 303,000 units. The company operates as Williams Scotsman in North America, Algeco in Continental Europe, Elliott in the United Kingdom, Eurobras in Brazil, Ausco in Australia, Portacom in New Zealand and Target Logistics globally.

Algeco Scotsman Announces Appointment Of Brad Soultz As President - North America Operations

Baltimore
January 23, 2014

BALTIMORE (January 23, 2014) – Algeco/Scotsman Holding S.à r.l. (together with its subsidiaries, “Algeco Scotsman”), the leading global business services provider of modular space, secure portable storage solutions and remote workforce accommodations, today announced that Mr. Brad Soultz was appointed President - North America Operations of Algeco Scotsman, which includes U.S. and Canadian operations, effective as of January 13, 2014. Mr. Soultz succeeds Joseph Vecchiolla who resigned as President – U.S. Operations effective as of January 10, 2014, to pursue other opportunities.

Jean-Marc Germain, President and Chief Executive Officer of Algeco Scotsman commented, “We thank Joe for his dedicated service and many contributions to our company. As we embark on our next phase of development, I am delighted to welcome Brad as our new head of North American operations. Brad brings a wealth of experience that will be very valuable to Algeco Scotsman.”

Mr. Soultz was most recently Chief Commercial and Strategy Officer of Novelis Inc., a global leader in aluminium recycling and rolled products. He joined Novelis in 2005 following its spin-off from Alcan Inc., primarily serving as Vice President and General Manager of various business units in Europe and North America.  Mr. Soultz started his career with Cummins Inc. where he held various positions in product development, sales, strategy and procurement in North America, and as the Director - Global Procurement based in the Czech Republic. Mr. Soultz holds a B.S. in Agricultural Engineering from Purdue University.

Cautionary Notice Regarding Forward Looking Statements

This press release may contain forward-looking statements, which reflect Algeco Scotsman’s expectations regarding its future operational and financial performance. Although any forward-looking statements contained in this press release reflect management’s current beliefs based upon information currently available to management and upon assumptions which management believes to be reasonable, actual results may differ materially from those stated in or implied by these forward-looking statements. A number of factors could cause actual results, performance or achievements to differ materially from the results expressed or implied in any forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on any forward-looking statements. Except as required by law, Algeco Scotsman undertakes no obligation, and specifically declines any obligation, to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

About Algeco Scotsman

Algeco Scotsman is the leading global business services provider focused on modular space, secure portable storage solutions, and remote workforce accommodation management. Headquartered in Baltimore, Algeco Scotsman has operations in 37 countries with a modular fleet of approximately 306,000 units. The company operates as Williams Scotsman in North America, Algeco in Continental Europe, Elliott in the United Kingdom, Eurobras in Brazil, Ausco in Australia, Portacom in New Zealand and Target Logistics globally.

Algeco Scotsman Completes Joinder Of Target Logistics Under Revolving Credit Facility

Baltimore
January 17, 2014

BALTIMORE (January 17, 2014) – Algeco/Scotsman Holding S.à r.l. (together with its subsidiaries, “Algeco Scotsman”), the leading global business services provider of modular space, secure portable storage solutions and remote workforce accommodations, today announced that it completed the joinder of Target Logistics Management, LLC, and its subsidiaries (together, “Target Logistics”), and Chard Camp Catering Service Ltd. (“Chard”), which in each case are subsidiaries of Algeco Scotsman, as borrowers under Algeco Scotsman’s Amended and Restated Revolving Syndicated Facility Agreement, dated December 19, 2013. It is anticipated that the assets of Target Logistics and Chard will be included in the applicable borrowing base calculations under the revolving credit facility within thirty days. In connection with the joinder, for the group’s senior secured and senior unsecured notes Chard also executed supplemental indentures and Target Logistics and Chard entered into U.S. security agreement joinders. Target Logistics also terminated certain existing capital leases.

Cautionary Notice Regarding Forward Looking Statements

This press release may contain forward-looking statements, which reflect Algeco Scotsman’s expectations regarding its future operational and financial performance. Although any forward-looking statements contained in this press release reflect management’s current beliefs based upon information currently available to management and upon assumptions which management believes to be reasonable, actual results may differ materially from those stated in or implied by these forward-looking statements. A number of factors could cause actual results, performance or achievements to differ materially from the results expressed or implied in any forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on any forward-looking statements. Except as required by law, Algeco Scotsman undertakes no obligation, and specifically declines any obligation, to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

About Algeco Scotsman

Algeco Scotsman is the leading global business services provider focused on modular space, secure portable storage solutions, and remote workforce accommodation management. Headquartered in Baltimore, Algeco Scotsman has operations in 37 countries with a modular fleet of approximately 306,000 units. The company operates as Williams Scotsman in North America, Algeco in Continental Europe, Elliott in the United Kingdom, Eurobras in Brazil, Ausco in Australia, Portacom in New Zealand and Target Logistics globally.

Algeco Scotsman Announces Appointment Of Stephen Bishop As Chief Financial Officer

Baltimore
January 9, 2014

BALTIMORE (January 9, 2014) – Algeco/Scotsman Holding S.à r.l. (together with its subsidiaries, “Algeco Scotsman”), the leading global business services provider of modular space, secure portable storage solutions and remote workforce accommodations, today announced that Stephen Bishop will be appointed Executive Vice President and Chief Financial Officer of Algeco Scotsman effective as of January 15, 2014. It is anticipated that he will also be elected to Algeco Scotsman's Board of Managers soon after such date. Mr. Bishop will succeed Thomas Kloster who will resign as Chief Financial Officer and from the Board of Managers effective as of January 15, 2014, to pursue other opportunities.

Jean-Marc Germain, President and Chief Executive Officer of Algeco Scotsman commented, “We thank Tom Kloster for his dedicated service and many contributions to our company. As we embark on our next phase of development, I am delighted to welcome Steve as our new CFO. Steve brings a wealth of experience as a successful CFO in various industries. His knowledge of the leasing business and his experience with both private and public companies will be very valuable to Algeco Scotsman.”

Mr. Bishop was most recently CFO and COO of SeaCube Container Leasing Ltd. (“SeaCube”), the world’s largest lessor of refrigerated containers. Mr. Bishop led SeaCube through its initial public offering in 2010 and its sale to a private buyer in 2013. Prior to joining SeaCube, Mr. Bishop was CFO and EVP of Greatwide Logistics Services from 2007 to 2009, GeoLogistics Corp. from 2004 to 2007 and NetJets, Inc. from 1998 to 2004. Earlier in his career he held positions of increasing responsibility in audit, treasury and operating roles in telecommunications, publishing and manufacturing companies. Mr. Bishop holds an M.B.A. from Northeastern University and a B.S. in Accounting from the University of Maine.

Cautionary Notice Regarding Forward Looking Statements

This press release may contain forward-looking statements, which reflect Algeco Scotsman’s expectations regarding its future operational and financial performance. Although any forward-looking statements contained in this press release reflect management’s current beliefs based upon information currently available to management and upon assumptions which management believes to be reasonable, actual results may differ materially from those stated in or implied by these forward-looking statements. A number of factors could cause actual results, performance or achievements to differ materially from the results expressed or implied in any forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on any forward-looking statements. Except as required by law, Algeco Scotsman undertakes no obligation, and specifically declines any obligation, to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

About Algeco Scotsman

Algeco Scotsman is the leading global business services provider focused on modular space, secure portable storage solutions, and remote workforce accommodation management. Headquartered in Baltimore, Algeco Scotsman has operations in 37 countries with a modular fleet of approximately 306,000 units. The company operates as Williams Scotsman in North America, Algeco in Continental Europe, Elliott in the United Kingdom, Eurobras in Brazil, Ausco in Australia, Portacom in New Zealand and Target Logistics globally.

Algeco Scotsman Closes Upsizing Of Revolving Credit Facility

Baltimore
January 7, 2014

BALTIMORE (January 7, 2014) – Algeco/Scotsman Holding S.à r.l. (together with its subsidiaries, “Algeco Scotsman”), the leading global business services provider of modular space, secure portable storage solutions and remote workforce accommodations, today announced that it closed the previously announced $155 million increase in the aggregate revolving commitments under its Amended and Restated Revolving Syndicated Facility Agreement, dated December 19, 2013.

Cautionary Notice Regarding Forward Looking Statements

This press release may contain forward-looking statements, which reflect Algeco Scotsman’s expectations regarding its future operational and financial performance. Although any forward-looking statements contained in this press release reflect management’s current beliefs based upon information currently available to management and upon assumptions which management believes to be reasonable, actual results may differ materially from those stated in or implied by these forward-looking statements. A number of factors could cause actual results, performance or achievements to differ materially from the results expressed or implied in any forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on any forward-looking statements. Except as required by law, Algeco Scotsman undertakes no obligation, and specifically declines any obligation, to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

About Algeco Scotsman

Algeco Scotsman is a leading global business services provider focused on modular space, secure portable storage solutions, and remote workforce accommodation management. Headquartered in Baltimore, Algeco Scotsman has operations in 37 countries with a modular fleet of approximately 306,000 units. The company operates as Williams Scotsman in North America, Algeco in Continental Europe, Elliott in the United Kingdom, Eurobras in Brazil, Ausco in Australia, Portacom in New Zealand and Target Logistics globally.

Algeco Scotsman Enters Into Amended and Restated Revolving Syndicated Facility Agreement

Baltimore
December 19, 2013

Algeco/Scotsman Holding S.à r.l. (together with its subsidiaries, “Algeco Scotsman”), the leading global business services provider of modular space, secure portable storage solutions and remote workforce accommodations, today announced that certain of its U.S., Canadian, U.K., Australian and New Zealand subsidiaries (the “Borrowers”) entered into an Amended and Restated Revolving Syndicated Facility Agreement, dated December 19, 2013  (the “A&R Credit Agreement”), with Bank of America, N.A., as collateral agent and administrative agent, and the financial institutions parties thereto. The A&R Credit Agreement amends and restates the Revolving Syndicated Facility Agreement, dated as of October 11, 2012, as previously amended from time to time prior to the A&R Credit Amendment.  Capitalized terms not otherwise defined in this press release have the meanings set forth in the A&R Credit Agreement.

The A&R Credit Agreement provides for an upsizing of the credit facility by up to US$500 million. Subject to the terms and conditions of the A&R Credit Agreement, the Borrowers may request incremental increases in the revolving commitments and/or incremental term loans up to a combined aggregate amount of US$500 million so long as the borrowing restrictions and other terms and conditions set forth in the A&R Credit Agreement are satisfied.  In connection therewith, the Borrowers entered into a U.S. Revolver Commitment Increase Supplement (the “Increase Supplement”) in order to establish an incremental revolving credit facility. The Increase Supplement will increase the aggregate revolving commitments under the A&R Credit Agreement by $155 million, subject to certain customary conditions as further described therein and in the A&R Credit Agreement.

The A&R Credit Agreement also provides that Algeco Scotsman’s subsidiary, Target Logistics Management, LLC, and its subsidiaries, may at the option of Algeco Scotsman and upon the termination of certain existing capital leases, become Borrowers and have their assets included in the applicable Borrowing Base calculations.  Additionally, the A&R Credit Agreement provides, among other things, for an increase in the basket for Capital Leases and Sale-Leasebacks from €35 million to €50 million, for the ability for certain “non-recourse” subsidiaries in the U.S. and Canada to incur non-recourse indebtedness that is not guaranteed by a Loan Party, and for modifications to several commitment size thresholds, including but not limited to the triggers for a Borrowing Base Test Event, a Cash Dominion Event, and a Financial Covenant Test Event. 

The above summaries of the A&R Credit Agreement and the Increase Supplement are summaries only and are qualified in their entirety by reference to the full text of the A&R Credit Agreement and the Increase Supplement, copies of which will be available at www.algecoscotsman.com/en/investors.html.

Cautionary Notice Regarding Forward Looking Statements

This press release may contain forward-looking statements, which reflect Algeco Scotsman’s expectations regarding its future operational and financial performance. Although any forward-looking statements contained in this press release reflect management’s current beliefs based upon information currently available to management and upon assumptions which management believes to be reasonable, actual results may differ materially from those stated in or implied by these forward-looking statements. A number of factors could cause actual results, performance or achievements to differ materially from the results expressed or implied in any forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on any forward-looking statements. Except as required by law, Algeco Scotsman undertakes no obligation, and specifically declines any obligation, to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

About Algeco Scotsman

Algeco Scotsman is a leading global business services provider focused on modular space, secure portable storage solutions, and remote workforce accommodation management. Headquartered in Baltimore, Algeco Scotsman has operations in 37 countries with a modular fleet of approximately 306,000 units. The company operates as Williams Scotsman in North America, Algeco in Continental Europe, Elliott in the United Kingdom, Eurobras in Brazil, Ausco in Australia, Portacom in New Zealand and Target Logistics globally.

Algeco Scotsman To Present At Citi European Credit Conference 2013

Baltimore
December 11, 2013

December 11, 2013 – Algeco Scotsman, the leading global business services provider of modular space, secure portable storage solutions and remote workforce accommodations, today announced that on December 12, 2013 it will present at the Citi European Credit Conference 2013 in London. A copy of the presentation to be made by Algeco Scotsman will be posted on the company’s investor page at www.algecoscotsman.com/en/investors.html.

Cautionary Notice Regarding Forward Looking Statements

This press release may contain forward-looking statements, which reflect Algeco Scotsman’s expectations regarding its future operational and financial performance. Although any forward-looking statements contained in this press release reflect management’s current beliefs based upon information currently available to management and upon assumptions which management believes to be reasonable, actual results may differ materially from those stated in or implied by these forward-looking statements. A number of factors could cause actual results, performance or achievements to differ materially from the results expressed or implied in any forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on any forward-looking statements. Except as required by law, Algeco Scotsman undertakes no obligation, and specifically declines any obligation, to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

About Algeco Scotsman

Algeco Scotsman is a leading global business services provider focused on modular space, secure portable storage solutions and remote workforce accommodation management. Headquartered in Baltimore, Algeco Scotsman has operations in 37 countries with a modular fleet of approximately 306,000 units. The company operates as Williams Scotsman in North America, Algeco in Continental Europe, Elliott in the United Kingdom, Eurobras in Brazil, Ausco in Australia, Portacom in New Zealand and Target Logistics globally.

Target Logistics Establishes Presence In The Canadian Oil Sands

Algeco Scotsman, parent company of Target Logistics, completes acquisition of Chard Camp Catering Service Ltd.
The Woodlands, Texas
December 3, 2013

December 3, 2013 – Target Logistics, a global provider of remote workforce accommodations, and its parent, Algeco Scotsman, the leading global business services provider of modular space, secure portable storage solutions and remote workforce accommodations, announced today the acquisition of Chard Camp Catering Service Ltd. (“Chard”), a Canadian provider of remote workforce housing and catering services. Chard was acquired by a Canadian subsidiary of Algeco Scotsman and will be led and managed by Target Logistics.

Chard owns and operates a 278-bed open camp located on Highway 881 at kilometer marker 242 (about 40 kilometers south of Anzac and 88 kilometers south of Fort McMurray). The facility has significant space for future expansion to accommodate the region’s fast-growing steam assisted gravity drainage (SAGD) operations.

“This transaction represents a strategic acquisition for Algeco Scotsman and Target Logistics and marks the beginning of our expansion into the rapidly expanding Canadian remote accommodation management segment. This business complements our existing accommodation, office, and storage leasing and sale business, broadening our offering to this attractive market,” said Jean-Marc Germain, president and chief executive officer for Algeco Scotsman.

“We are excited to bring our turnkey product and service offering to the Canadian oil sands” stated Brian Lash, founder and chief executive officer for Target Logistics. “Canada’s energy and resource sectors are very dynamic and present a significant growth opportunity for Target Logistics. As in every region in which we operate, Target Logistics is committed to creating meaningful and lasting relationships with the local community.”

With the addition of Chard, Target Logistics operates 17 properties in the United States, Canada and Mexico with more than 5,500 total beds.

Target Logistics became the largest remote workforce housing provider in the U.S. by focusing on workforce productivity, causing it to deliver a positive return on investment for its clients. “The perfect balance of superior nutrition, home-style comfort, recreation, entertainment, fitness amenities and lodge security make up what Target Logistics coined ‘The Economics of Comfort®,’” said Lash. “Our approach results in greater productivity, lower attrition, enhanced morale and improved safety in the workplace. Our most important job is making sure that our guests are well-prepared to do theirs.”

Current guests of Chard will notice property and service improvements. Significant renovations are being planned for the future, including new rooms and amenities, a new kitchen, a new dining room and recreation facilities.

Chard was acquired from its former shareholders at a total enterprise value of CAD $10.8 million.

Cautionary Notice Regarding Forward Looking Statements

This press release may contain forward-looking statements, which reflect Algeco Scotsman’s and/or Target Logistics’ expectations regarding future operational and financial performance. Although any forward-looking statements contained in this press release reflect management’s current beliefs based upon information currently available to management and upon assumptions that management believes to be reasonable, actual results may differ materially from those stated in or implied by these forward-looking statements. A number of factors could cause actual results, performance or achievements to differ materially from the results expressed or implied in any forward-looking statements. These factors should be considered carefully, and readers should not place undue reliance on any forward-looking statements. Except as required by law, neither Algeco Scotsman nor Target Logistics undertakes any obligation, and each specifically declines any obligation, to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

About Algeco Scotsman

Algeco Scotsman is a leading global business services provider focused on modular space, secure portable storage solutions and remote workforce accommodation management. Headquartered in Baltimore, Algeco Scotsman has operations in 37 countries with a modular fleet of approximately 306,000 units. The company operates as Williams Scotsman in North America, Algeco in Continental Europe, Elliott in the United Kingdom, Eurobras in Brazil, Ausco in Australia, Portacom in New Zealand and Target Logistics globally.

About Target Logistics

Target Logistics, an Algeco Scotsman company, operates in some of the world’s most remote environments supporting oil, gas, construction and mining operations; government agencies; disaster relief; and large-scale events with temporary workforce lodging, mobile crew camps and extended-stay hotels. Named by Inc. magazine in 2012 and 2013 as one of “America’s Fastest Growing Private Companies,” the company has administrative headquarters in Boston; operational headquarters in The Woodlands, Texas; and offices in Williston, N.D.; Denver; Edmonton, Alberta; and Sydney. Visit www.TargetLogistics.net or call (800) 832-4242.

Media Inquiries
Randy E. Pruett
Pierpont Communications for Target Logistics
(214) 217-7300 (Office) / (214) 505-1685 (Mobile)
rpruett@piercom.com

Investor Relations Contact
Scott Shaughnessy
Algeco Scotsman
(410) 933-5921
Scott.Shaughnessy@as.willscot.com


Housing Inquiries
Stewart Orange
(780) 995-9156
sorange@targetlogistics.net
or
Ross Sturgeon
(780) 868-7580
rsturgeon@targetlogistics.net

Algeco Scotsman Clarifies Statement Made On Third Quarter 2013 Financial Results Conference Call

BALTIMORE
November 27, 2013

November 27, 2013 – Algeco Scotsman (the “Company”), the leading global business services provider of modular space, secure portable storage solutions and remote workforce accommodations, held its third quarter 2013 financial results conference call on Friday, November 22, 2013 at 8:30 a.m., Eastern Time.  During that call, a representative of the Company stated that “we’re seeing a fourth quarter that we’re expecting to be clearly better than last year’s.”  This comment followed a discussion on Units on Rent and relates to the expected change in Units on Rent during the fourth quarter 2013 as compared to 2012.  However, the Company understands that certain investors have interpreted this statement to have been in reference to Adjusted EBITDA. Accordingly, the Company is issuing this press release to clarify the above statement.  Additionally, the Company currently expects year-over-year Adjusted EBITDA to be lower in the fourth quarter of 2013 as compared to the fourth quarter of 2012 primarily as a result of lower new sales in Australia. The Company will not be updating or revising this guidance, whether as a result of new information, future events or otherwise.

Cautionary Notice Regarding Forward Looking Statements

This press release may contain forward-looking statements, which reflect Algeco Scotsman’s expectations regarding its future operational and financial performance. Although any forward-looking statements contained in this press release reflect management’s current beliefs based upon information currently available to management and upon assumptions which management believes to be reasonable, actual results may differ materially from those stated in or implied by these forward-looking statements. A number of factors could cause actual results, performance or achievements to differ materially from the results expressed or implied in any forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on any forward-looking statements. Except as required by law, Algeco Scotsman undertakes no obligation, and specifically declines any obligation, to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

About Algeco Scotsman

Algeco Scotsman is a leading global business services provider focused on modular space, secure portable storage solutions, and remote workforce accommodation management. Headquartered in Baltimore, Algeco Scotsman has operations in 37 countries with a modular fleet of approximately 306,000 units. The company operates as Williams Scotsman in North America, Algeco in Continental Europe, Elliott in the United Kingdom, Eurobras in Brazil, Ausco in Australia, Portacom in New Zealand and Target Logistics globally.

Algeco Scotsman Announces Third Quarter 2013 Financial Results Conference Call

BALTIMORE
November 19, 2013

November 19, 2013 – Algeco Scotsman (the “Company”), the leading global business services provider of modular space, secure portable storage solutions and remote workforce accommodations, will hold its third quarter 2013 financial results conference call on Friday, November 22, 2013 at 8:30 a.m., Eastern Time.

To access the call, please dial (847) 413–3538 or (888) 517- 2458 (US toll free) and enter participant PIN code 7289294# approximately ten minutes prior to the start of the call.  You will be placed on hold until the event begins. The conference call will also be broadcast over the internet with an accompanying slide presentation. To join the web conference, go to http://web.meetme.net/r.aspx?p=2&a=UUxIlEdWadOmBH. Please enter your name, email address and company to join the call. The customer service team can be reached at any time by pressing *0 on your telephone keypad. Following the call, the webcast and slide presentation will be available for replay at http://www.algecoscotsman.com/en/investors.html.

About Algeco Scotsman

Algeco Scotsman is a leading global business services provider focused on modular space, secure portable storage solutions, and remote workforce accommodation management. Headquartered in Baltimore, Algeco Scotsman has operations in 37 countries with a modular fleet of approximately 306,000 units. The company operates as Williams Scotsman in North America, Algeco in Continental Europe, Elliott in the United Kingdom, Eurobras in Brazil, Ausco in Australia, Portacom in New Zealand and Target Logistics globally.

Algeco Scotsman To Present At Deutsche Bank 21st Annual Leveraged Finance Conference

BALTIMORE
October 1, 2013

October 1, 2013 – Algeco Scotsman announced today that on October 1, 2013 it will present at the Deutsche Bank 21st Annual Leveraged Finance Conference in Scottsdale, Arizona. A copy of the presentation to be made by Algeco Scotsman will be posted on the company’s investor page at www.algecoscotsman.com/en/investors.html.

Cautionary Notice Regarding Forward Looking Statements

This press release may contain forward-looking statements, which reflect Algeco Scotsman’s expectations regarding its future operational and financial performance. Although any forward-looking statements contained in this press release reflect management’s current beliefs based upon information currently available to management and upon assumptions which management believes to be reasonable, actual results may differ materially from those stated in or implied by these forward-looking statements. A number of factors could cause actual results, performance or achievements to differ materially from the results expressed or implied in any forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on any forward-looking statements. Except as required by law, Algeco Scotsman undertakes no obligation, and specifically declines any obligation, to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

About Algeco Scotsman

Algeco Scotsman is a leading global business services provider focused on modular space, secure portable storage solutions, and remote workforce accommodation management. Headquartered in Baltimore, Algeco Scotsman has operations in 37 countries with a modular fleet of approximately 306,000 units. The company operates as Williams Scotsman in North America, Algeco in Continental Europe, Elliott in the United Kingdom, Eurobras in Brazil, Ausco in Australia, Portacom in New Zealand and Target Logistics globally.

Algeco Scotsman Announces Second Quarter 2013 Financial Results Conference Call

BALTIMORE
August 22, 2013

August 22, 2013 – Algeco Scotsman (the “Company”), the leading global business services provider of modular space, secure portable storage solutions and remote workforce accommodations, will hold its second quarter 2013 financial results conference call on Thursday, August 29, 2013 at 8:30 a.m., Eastern Time.

To access the call, please dial (847) 413 – 3538 or (888) 517- 2458 and enter participant PIN code 7289294# approximately ten minutes prior to the start of the call.  You will be placed on hold until the event begins. The conference call will also be broadcast over the internet with an accompanying slide presentation. To join the web conference go to http://bit.ly/1bcRbaK. Please enter your name, email address and company to join the call. The customer service team can be reached at any time by pressing *0 on your telephone keypad. Following the call, the webcast and slide presentation will be available for replay at http://www.algecoscotsman.com/en/investors.html.

About Algeco Scotsman

Algeco Scotsman is a leading global business services provider focused on modular space, secure portable storage solutions, and remote workforce accommodation management. Headquartered in Baltimore, Algeco Scotsman has operations in 37 countries with a modular fleet of approximately 306,000 units. The company operates as Williams Scotsman in North America, Algeco in Continental Europe, Elliott in the United Kingdom, Eurobras in Brazil, Ausco in Australia, Portacom in New Zealand and Target Logistics globally.

Algeco Scotsman Amends Revolving Syndicated Credit Agreement

BALTIMORE
June 13, 2013

May 23, 2013 – Algeco Scotsman Global S.á r.l. (“AS”) announced today that on June 13, 2013 it completed certain amendments to the revolving syndicated facility agreement (the “Credit Agreement”) among AS and certain of its subsidiaries, including Williams Scotsman, Inc., and the banks parties thereto. The amendments, among other things, permit (i) Williams Scotsman, Inc. to from time to time request a reallocation of the commitments under the Credit Agreement among the U.S., Canadian, U.K. and Australian/New Zealand credit facilities thereunder and (ii) make certain other modifications to the Credit Agreement in connection therewith.

Cautionary Notice Regarding Forward Looking Statements

This press release may contain forward-looking statements, which reflect Algeco Scotsman’s expectations regarding its future operational and financial performance. Although any forward-looking statements contained in this press release reflect management’s current beliefs based upon information currently available to management and upon assumptions which management believes to be reasonable, actual results may differ materially from those stated in or implied by these forward-looking statements. A number of factors could cause actual results, performance or achievements to differ materially from the results expressed or implied in any forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on any forward-looking statements. Except as required by law, Algeco Scotsman undertakes no obligation, and specifically declines any obligation, to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

About Algeco Scotsman

Algeco Scotsman is a leading global business services provider focused on modular space, secure portable storage solutions, and remote workforce accommodation management. Headquartered in Baltimore, Algeco Scotsman has operations in 37 countries with a modular fleet of approximately 306,000 units. The company operates as Williams Scotsman in North America, Algeco in Continental Europe, Elliott in the United Kingdom, Eurobras in Brazil, Ausco in Australia, Portacom in New Zealand and Target Logistics globally.

Algeco Scotsman Announces First Quarter 2013 Investor Conference Call

BALTIMORE
May 23, 2013

May 23, 2013 – Algeco Scotsman (the “Company”), a leading global business services provider of modular space, secure portable storage solutions and remote workforce accommodations, will hold its first quarter 2013 investor conference call on Thursday, May 30, 2013 at 8:30 a.m., Eastern Time.

To access the call, please dial (646) 583-7389 (toll) or (855) 410-0553 (toll-free) and enter participant PIN code or meeting password 328706# approximately ten minutes prior to the start of the call. You will be placed on hold until the event begins. The conference call will also be broadcast over the internet with an accompanying slide presentation. To join the web conference Click Here and enter meeting number 705 995 045 and the meeting passcode 675440#. Please enter your name and click go. The customer service team can be reached at any time by pressing *0 on your telephone keypad. Following the call, the webcast and slide presentation will be available for replay here.

Algeco Scotsman Closes Five-Year $400 Million HOLDCO Loan

BALTIMORE
May 21, 2013

May 21, 2013 – Algeco Scotsman Global S.á r.l. (“AS”) announced today that on May 14, 2013 its ultimate parent company, Algeco/Scotsman Holding S.á r.l. (“ASH”), through its wholly-owned subsidiary, Algeco Scotsman PIK S.A. (“AS PIK”), closed a $400 million loan (“PIK Debt”) under its previously announced $400 million payment-in-kind debt loan agreement. The issuance of the PIK Debt is intended to fund a partial redemption of capital, net of transaction fees and expenses, to ASH’s shareholders.

The PIK Debt will bear interest at a rate equal to 15.75% per annum, or 15.00% per annum to the extent paid in cash. The PIK Debt will mature in May 2018 and will be mandatorily pre-payable with the proceeds of certain offerings or other sales of equity and upon the occurrence of a change of control transaction.

Neither AS nor any of its subsidiaries, which comprise the entire restricted group under the existing bond and bank facilities, are obligors or guarantors under the PIK Debt. To secure the obligations of AS PIK under the PIK Debt, ASH and certain of its subsidiaries granted a pledge over all of the issued and outstanding shares of AS.

Cautionary Notice Regarding Forward Looking Statements

This press release may contain forward-looking statements, which reflect Algeco Scotsman’s expectations regarding its future operational and financial performance. Although any forward-looking statements contained in this press release reflect management’s current beliefs based upon information currently available to management and upon assumptions which management believes to be reasonable, actual results may differ materially from those stated in or implied by these forward-looking statements. A number of factors could cause actual results, performance or achievements to differ materially from the results expressed or implied in any forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on any forward-looking statements. Except as required by law, Algeco Scotsman undertakes no obligation, and specifically declines any obligation, to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

About Algeco Scotsman

Algeco Scotsman is a leading global business services provider focused on modular space, secure portable storage solutions, and remote workforce accommodation management. Headquartered in Baltimore, Algeco Scotsman has operations in 37 countries with a modular fleet of approximately 306,000 units. The company operates as Williams Scotsman in North America, Algeco in Continental Europe, Elliott in the United Kingdom, Eurobras in Brazil, Ausco in Australia, Portacom in New Zealand and Target Logistics globally.

Algeco Scotsman Enters Into Five-Year $400 Million HOLDCO Loan Agreement

BALTIMORE
May 1, 2013

May 1, 2013 – Algeco Scotsman Global S.á r.l. (“AS”) announced today that its ultimate parent company, Algeco/Scotsman Holding S.á r.l. (“ASH”), through its wholly-owned subsidiary, Algeco Scotsman PIK S.A. (“AS PIK”), entered into a $400 million payment-in-kind debt (“PIK Debt”) loan agreement. The issuance of the PIK Debt is intended to fund a partial redemption of capital, net of transaction fees and expenses, to ASH’s shareholders.

The PIK Debt will bear interest at a rate equal to 15.75% per annum, or 15.00% per annum to the extent paid in cash. The PIK Debt will mature in May 2018 and will be mandatorily pre-payable with the proceeds of certain offerings or other sales of equity and upon the occurrence of a change of control transaction. The funding of the PIK Debt is expected to occur on or about May 14, 2013, subject to customary closing conditions.

Neither AS nor any of its subsidiaries, which comprise the entire restricted group under the existing bond and bank facilities, will be obligors or guarantors under the PIK Debt. To secure the obligations of AS PIK under the PIK Debt, ASH and certain of its subsidiaries are granting a pledge over all of the issued and outstanding shares of AS.

Goldman Sachs and Morgan Stanley acted as joint bookrunners on the loan agreement.

Cautionary Notice Regarding Forward Looking Statements

This press release may contain forward-looking statements, which reflect Algeco Scotsman’s expectations regarding its future operational and financial performance. Although any forward-looking statements contained in this press release reflect management’s current beliefs based upon information currently available to management and upon assumptions which management believes to be reasonable, actual results may differ materially from those stated in or implied by these forward-looking statements. A number of factors could cause actual results, performance or achievements to differ materially from the results expressed or implied in any forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on any forward-looking statements. Except as required by law, Algeco Scotsman undertakes no obligation, and specifically declines any obligation, to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

About Algeco Scotsman

Algeco Scotsman is a leading global business services provider focused on modular space, secure portable storage solutions, and remote workforce accommodation management. Headquartered in Baltimore, Algeco Scotsman has operations in 37 countries with a modular fleet of approximately 306,000 units. The company operates as Williams Scotsman in North America, Algeco in Continental Europe, Elliott in the United Kingdom, Eurobras in Brazil, Ausco in Australia, Portacom in New Zealand and Target Logistics globally.

Algeco Scotsman Announces Discussions Regarding Five-Year €250 - €300 Million PIK Debt Instrument

BALTIMORE
April 11, 2013

April 11, 2013 – Algeco Scotsman Global S.á r.l. (“AS”) announced today that its ultimate parent company, Algeco/Scotsman Holding S.á r.l. (“ASH”), is currently in discussions with a group of third-party investors regarding a five-year U.S. dollar-denominated payment-in-kind debt instrument (the “PIK Debt”) in an initial aggregate principal amount of between €250 million and €300 million. The issuance of the PIK Debt is expected to fund a dividend payment, net of transaction fees and expenses, to ASH’s shareholders, including its majority shareholder, TDR Capital. The transaction would return less than 20% of TDR Capital’s total invested capital in the Algeco Scotsman group.

Neither AS nor any of its subsidiaries, which comprise the entire restricted group under the existing bond and bank facilities, will be obligors or guarantors under the PIK Debt.

Negotiations with investors are on-going and no assurances can be given that a transaction will be completed. The contemplated structure and terms remain subject to change.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the PIK Debt. The PIK Debt will not and has not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption therefrom.

Cautionary Notice Regarding Forward Looking Statements

This press release contains forward-looking statements, which reflect Algeco Scotsman’s expectations regarding its future operational and financial performance. Although the forward-looking statements contained in this press release reflect management’s current beliefs based upon information currently available to management and upon assumptions which management believes to be reasonable, actual results may differ materially from those stated in or implied by these forward-looking statements. A number of factors could cause actual results, performance or achievements to differ materially from the results expressed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Except as required by law, Algeco Scotsman undertakes no obligation, and specifically declines any obligation, to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

About Algeco Scotsman

Algeco Scotsman is a leading global business services provider focused on modular space, secure portable storage solutions, and remote workforce accommodation management. Headquartered in Baltimore, Algeco Scotsman has operations in 37 countries with a modular fleet of approximately 306,000 units. The company operates as Williams Scotsman in North America, Algeco in Continental Europe, Elliott in the United Kingdom, Eurobras in Brazil, Ausco in Australia, Portacom in New Zealand and Target Logistics globally.

Algeco Scotsman Signs Joint Venture Agreement With Beijing Chengdong International Modular Housing Company

Algeco Scotsman Plans to Expand Asia-Pacific Presence Subsequent to Regulatory Approvals
BALTIMORE
April 11, 2013

April 11, 2013 – Algeco Scotsman, a global leader of modular space, secure portable storage solutions and remote workforce accommodations, announced today that it has signed a joint venture agreement with Beijing Chengdong International Modular Housing Company, Ltd. (“Chengdong”). Subject to Chinese regulatory approvals, the joint venture will produce, lease and sell modular space solutions under the brand name Algeco Chengdong. Algeco Scotsman will hold a majority equity interest in the joint venture. China has the largest construction market in the world as well as significant growing needs for flexible, onsite, temporary space in the energy, natural resource, industrial, commercial, and major event sectors.

Founded in 1998, Chengdong is the second largest Chinese modular space provider and maintains a leading position in the Beijing metropolitan market. Chengdong’s product design and engineering capabilities and its strong relationships with large Chinese engineering and construction firms are important elements to the partnership with Algeco Scotsman.

“We are excited to partner with a Chinese market leader that shares our vision of high quality modular space products and services,” said Jean-Marc Germain, president and chief executive officer for Algeco Scotsman. “We expect the use of both temporary and permanent modular solutions in this region to grow significantly over the coming years and we believe this joint venture will be able to meet these market demands by leveraging the respective strengths of Algeco Scotsman and Chengdong.”

“Our joint venture with Algeco Scotsman is a strategic fit for Chengdong as we continue to meet the rapidly expanding modular building needs in China,” said Zhao JunYong, Chairman of Chengdong.

Cautionary Notice Regarding Forward Looking Statements

This press release contains forward-looking statements, which reflect Algeco Scotsman’s expectations regarding its future operational and financial performance. Although the forward-looking statements contained in this press release reflect management’s current beliefs based upon information currently available to management and upon assumptions which management believes to be reasonable, actual results may differ materially from those stated in or implied by these forward-looking statements. A number of factors could cause actual results, performance or achievements to differ materially from the results expressed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Except as required by law, Algeco Scotsman undertakes no obligation, and specifically declines any obligation, to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

About Algeco Scotsman

Algeco Scotsman is a leading global business services provider focused on modular space, secure portable storage solutions, and remote workforce accommodation management. Headquartered in Baltimore, Algeco Scotsman has operations in 37 countries with a modular fleet of approximately 306,000 units. The company operates as Williams Scotsman in North America, Algeco in Continental Europe, Elliott in the United Kingdom, Eurobras in Brazil, Ausco in Australia, Portacom in New Zealand and Target Logistics globally.

Algeco Scotsman Announces Fourth Quarter 2012 Investor Conference Call

BALTIMORE
April 9, 2013

April 9, 2013 – Algeco Scotsman (the “Company”), a leading global business services provider of modular space, secure portable storage solutions and remote workforce accommodations, will hold its fourth quarter 2012 investor conference call on Friday, April 12, 2013 at 8:00 a.m., Eastern Time.

To access the call, please dial (646) 583-7389 (toll) or (855) 410-0553 (toll-free) and enter participant PIN code 675440# approximately ten minutes prior to the start of the call. You will be placed on hold until the event begins. The conference call will also be broadcast over the internet with an accompanying slide presentation. To join the web conference go to https://arkadin.webex.com/arkadin/j.php?ED=249971462&UID=511082862&PW=NZTJlNWVhM2U4&RT=MiMxMQ%3D%3D and enter meeting number 702 145 495 and the meeting passcode 675440#. Please enter your name and click go. The customer service team can be reached at any time by pressing *0 on your telephone keypad. Following the call, the webcast and slide presentation will be available for replay at http://www.algecoscotsman.com/en/investors.html.

About Algeco Scotsman

Algeco Scotsman is a leading global business services provider focused on modular space, secure portable storage solutions, and remote workforce accommodation management. Headquartered in Baltimore, Algeco Scotsman has operations in 37 countries with a modular fleet of approximately 306,000 units. The company operates as Williams Scotsman in North America, Algeco in Continental Europe, Elliott in the United Kingdom, Eurobras in Brazil, Ausco in Australia, Portacom in New Zealand and Target Logistics globally.

Change In Latin America Leadership

BALTIMORE
February 25, 2013

February 25, 2013 – Algeco Scotsman, the global leader of modular space and secure portable storage solutions, announced today that Antonio Ruiz left its executive leadership team effective February 19, 2013. Latin America Operations will be run on an interim basis by Sergio Silveira, Latin America CFO.

About Algeco Scotsman

Algeco Scotsman is a leading global business services provider focused on modular space, secure portable storage solutions, and remote workforce accommodation management. Headquartered in Baltimore, Algeco Scotsman has operations in 37 countries with a modular fleet of approximately 306,000 units. The company operates as Williams Scotsman in North America, Algeco in Continental Europe, Elliott in the United Kingdom, Eurobras in Brazil, Ausco in Australia, Portacom in New Zealand and Target Logistics globally.

Algeco Scotsman Closes Target Logistics Acquisition

Company Concurrently Amends Revolving Syndicated Credit Agreement with Banks
BALTIMORE
February 20, 2013

February 20, 2013 – Algeco Scotsman (the “Company”), the leading global business services provider of modular space and secure portable storage solutions completed on February 15, 2013 its previously announced acquisition of Target Logistics Management, LLC (“Target”).

Concurrent with the acquisition close, Williams Scotsman, Inc., an indirect wholly owned subsidiary of the Company, and certain of its subsidiaries entered into amendments to the revolving syndicated facility agreement (the “Credit Agreement”) and certain related security agreements to, among other things, (i) permit the acquisition by Williams Scotsman International, Inc. of 100% of the equity interests of Target Logistics Management, LLC and its subsidiaries (the “Target Entities”) and certain related transactions and (ii) make other changes to the Credit Agreement to permit the Target Entities to continue utilizing their existing financing arrangements.

Additional financial information about the transaction has been posted to www.algecoscotsman.com on the Investor Page.

About Algeco Scotsman

Algeco Scotsman is a leading global business services provider focused on modular space, secure portable storage solutions, and remote workforce accommodation management. Headquartered in Baltimore, Algeco Scotsman has operations in 37 countries with a modular fleet of approximately 306,000 units. The company operates as Williams Scotsman in North America, Algeco in Continental Europe, Elliott in the United Kingdom, Eurobras in Brazil, Ausco in Australia, Portacom in New Zealand and Target Logistics globally.

Algeco Scotsman Signs Agreement To Combine With Target Logistics

Strategic Global Remote Accommodation Expansion
BALTIMORE
February 12, 2013

February 12, 2013 – Algeco Scotsman (“AS” or “Algeco”), a leading global business services company focused on modular space and secure storage solutions, today announced it has signed an agreement to acquire Target Logistics Management LLC (“Target Logistics” or “Target”), a leading provider of full-service remote workforce accommodation solutions in the United States. The transaction is subject to certain customary closing conditions and is expected to be completed by the end of February 2013.

The transaction further solidifies Algeco Scotsman’s position as the leading modular space business services provider and specifically facilitates Algeco’s continued strategic expansion in the highly attractive global remote accommodation segment. The combination establishes Algeco as a leading global provider of managed and leased remote accommodations with a portfolio in excess of 11,000 beds primarily in the high growth US, Canadian, Australian and Latin American energy, mining and resources and infrastructure related-markets. Following this acquisition, Target will become a truly global provider of full service, turnkey remote accommodation solutions. Brian Lash, Target Founder and Chief Executive Officer, will continue to lead Target and will be tasked to expand the business utilizing Algeco’s global footprint.

“This transaction represents a highly strategic combination for both Algeco Scotsman and Target Logistics,” stated Algeco Scotsman’s Chief Executive Officer and President Jean-Marc Germain, “The merger of Target Logistics’ world class turnkey remote accommodation offering with AS’ global footprint and expertise greatly enhances growth opportunities for the organization and I am delighted that Brian Lash and his executive team have agreed to join us at Algeco.”

The total consideration for the transaction is up to approximately $625 million based on Target’s financial projections. Of the total consideration, $275 million is payable at closing and approximately $350 million is deferred and linked to Target’s expected strong performance over multiple years. The total closing consideration of $275 million is comprised of approximately $86 million in cash, $86 million of Algeco stock and $103 million of assumed indebtedness and working capital. The cash consideration will be funded by existing facilities available to Algeco and the deferred consideration is payable principally in Algeco stock.

The total potential transaction consideration represents approximately 11.0x trailing unaudited EBITDA for the fiscal year ended December 31, 2012 and an implied forward EBITDA multiple of less than 9.0x. The valuation of the stock consideration for the transaction implies an Algeco enterprise value of approximately $6.0 billion.

Historically the remote accommodation end-market has been the fastest growing and highest return on investment business segment in the Algeco portfolio. The financial plan for the combined remote accommodation business forecasts continued double-digit top-line growth and doubling the current bed portfolio over the next three to five years. The combination with Algeco provides Target with access to the financial capability to execute its significant pipeline of growth opportunities given Algeco’ excess availability of over $320 million under its $1,200 million asset-based revolving credit facility following the transaction. Additionally, the transaction structure, funded primarily through equity issuance, is deleveraging for the Algeco group capital structure, while allowing Algeco shareholders to participate in the growth prospects for the combined group on an accretive basis.

Target Logistics, headquartered in Boston, Massachusetts with operational headquarters remaining in The Woodlands area of Greater Houston, is a leading supplier of turn-key remote workforce accommodation solutions to the oil and gas and related infrastructure sectors in the United States. The company provides full support services that include housing, infrastructure design and construction, catering, facility maintenance, housekeeping, utilities, security, transportation and logistics. Target Logistics operates 16 facilities in North Dakota, Arizona, Texas and Mexico comprising over 5,000 beds. For the financial year ended December 31, 2012 Target Logistics generated unaudited, adjusted EBITDA of $57 million.

“We see continued high growth potential for our remote workforce accommodation solutions globally and we believe the acquisition of Target Logistics and its high quality full-service product offering will help us accelerate our expansion in this important product end market,” said Jean-Marc Germain.

“We are delighted to join forces with a company of Algeco Scotsman’s heritage and global reach,” said Brian Lash, Chief Executive Officer of Target Logistics. “Together, we have an enhanced opportunity to expand our business globally to better serve our customer needs.”

The Target Logistics team of over 400 employees will continue to operate under its current brand, and the existing Target Logistics management team will remain in place.

Cautionary Notice Regarding Forward Looking Statements

This press release contains forward-looking statements, which reflect Algeco’s expectations regarding its future operational and financial performance. Although the forward-looking statements contained in this press release reflect management’s current beliefs based upon information currently available to management and upon assumptions which management believes to be reasonable, actual results may differ materially from those stated in or implied by these forward-looking statements. A number of factors could cause actual results, performance or achievements to differ materially from the results expressed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Except as required by law, Algeco undertakes no obligation, and specifically declines any obligation, to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

About Algeco Scotsman

Algeco Scotsman is a leading global business services provider focused on modular space, secure portable storage solutions, and remote workforce accommodation management. Headquartered in Baltimore, Algeco Scotsman has operations in 37 countries with a modular fleet of approximately 306,000 units. The company operates as Williams Scotsman in North America, Algeco in Continental Europe, Elliott in the United Kingdom, Eurobras in Brazil, Ausco in Australia, Portacom in New Zealand and Target Logistics globally.

Algeco Scotsman Announces Third Quarter 2012 Conference Call And Preliminary Financial Results

BALTIMORE
December 7, 2012

December 7, 2012 – Algeco Scotsman (the “Company”), the leading global business services provider of modular space and secure portable storage solutions, will hold its third quarter 2012 conference call on Thursday, December 13, 2012 at 8:30 a.m., Eastern Time.

To access the call, please dial (646) 216 – 7221 or (866) 200-6965 and enter participant PIN code 58591199# approximately ten minutes prior to the start of the call.  You will be placed on hold until the event begins. The conference call will also be broadcast over the internet with an accompanying slide presentation. To join the web conference go to https://www.anywhereconference.com and enter web login reference 106278538 and the PIN code 58591199. Please enter your name and click go. The customer service team can be reached at any time by pressing *0 on your telephone keypad. Following the call, the webcast and slide presentation will be available for replay at http://www.algecoscotsman.com/en/investors.html.

During the conference call, Algeco Scotsman will discuss its third quarter 2012 financial results combined with those of Ausco Holding S.a.r.l. and its subsidiaries (collectively “Ausco”), which was contributed to Algeco Scotsman effective October 11, 2012 concurrent with the Company’s debt refinancing transaction. Based on a preliminary review of its financial performance and that of Ausco, the Company expects combined revenue for the third quarter of 2012 to be between approximately €392 million and approximately €395 million, or an increase of approximately 10% compared to the combined financial results of the third quarter of 2011.  The Company expects combined Adjusted EBITDA for the third quarter 2012 to be between approximately €98 million and approximately €100 million as compared to combined Adjusted EBITDA of €94 million for the third quarter of 2011. Adjusted EBITDA for the last 12 months ended September 30, 2012 is expected to be between approximately €384 million and approximately €386 million including the effect of acquisitions. After giving effect to the October 11, 2012 debt refinancing transaction, the Company expects to report gross debt outstanding of approximately €2.3 billion and Asset Based Loan Revolver borrowing availability in excess of €300 million as of September 30, 2012.

The financial statements for the quarter ending September 30, 2012 are not yet available. The financial data presented above are preliminary, based upon the Company’s estimates and are subject to revision based upon the Company’s financial closing procedures and the completion of the Company’s financial statements. Once the Company has completed its review, it may report financial results that could differ, and the differences could be material.

Cautionary Notice Regarding Forward Looking Statements

This press release contains forward-looking statements, which reflect the Company’s expectations regarding its future operational and financial performance. Although the forward-looking statements contained in this press release reflect management’s current beliefs based upon information currently available to management and upon assumptions which management believes to be reasonable, actual results may differ materially from those stated in or implied by these forward-looking statements. A number of factors could cause actual results, performance or achievements to differ materially from the results expressed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Except as required by law, the Company undertakes no obligation, and specifically declines any obligation, to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

About Algeco Scotsman

Algeco Scotsman is a leading global business services provider focused on modular space, secure portable storage solutions, and remote workforce accommodation management. Headquartered in Baltimore, Algeco Scotsman has operations in 37 countries with a modular fleet of approximately 306,000 units. The company operates as Williams Scotsman in North America, Algeco in Continental Europe, Elliott in the United Kingdom, Eurobras in Brazil, Ausco in Australia, Portacom in New Zealand and Target Logistics globally.

European Leadership Change

BALTIMORE
November 21, 2012

November 21, 2012 – Algeco Scotsman, the global leader of modular space and secure portable storage solutions, announced today that Bruno Roqueplo, head of European Operations, is leaving its executive leadership team effective January 4, 2013.

“We want to thank Bruno for his six years of service and his many contributions to our business in Europe and globally. On behalf of all of us at Algeco Scotsman, I wish Bruno well in his future endeavors,” said President and CEO Jean-Marc Germain.

The Company does not expect to replace this position but rather have European business leaders report direct to Mr. Germain to allow for a more streamlined organization.

Williams Scotsman Introduces Moduflex™, The Latest Innovation In Temporary Modular Space

BALTIMORE
November 8, 2012

BALTIMORE, November 8, 2012 – Williams Scotsman, a leading provider of modular space and storage solutions in North America, today announced the launch of Moduflex™, the newest innovation in the modular space industry.

Moduflex™ is a panelized modular space unit that offers customers flexibility and multiple design options to optimize their temporary modular space.  Unlike traditional temporary modular units, Moduflex™ units can be expanded vertically, offering customers the option to stack units up to three stories high.  The new modular space units offer a wide range of designs with interchangeable wall panels, an assortment of internal configurations, and a smaller footprint than traditional portable units.  Moduflex™ can be quickly and easily installed on site for a variety of uses including:  project offices for construction and industry, retail kiosks, ticket booths and other applications for special events, among others.

“For more than 50 years our customers have come to rely on Williams Scotsman for the best in modular space solutions,” said Joseph Vecchiolla, senior vice president of US Field Operations for Williams Scotsman. “Moduflex™ is the latest advancement that demonstrates our ability to reinvent product lines to better serve our customers’ diverse and evolving needs.”

Other companies within the Algeco Scotsman organization have introduced Moduflex™ to their customers and have created a benchmark for success that is being applied to the US marketplace. “Being part of a global organization affords us the benefits of sharing best practices across geographies,” said Vecchiolla. “This product has proven to be successful in Europe, the Middle East and Asia, and we’re confident Moduflex™ will be a valued modular space solution for US customers.”

Whether used as a pop-up retail store during the holiday season or as a temporary office, Moduflex offers functional space where wall panels can be easily removed, replaced or repositioned. The Moduflex units feature double-glazed windows, reinforced floors, a galvanized steel frame, and a ceiling height of more than 8 feet. For more information about Moduflex, visit www.willscot.com/moduflex.

Algeco Scotsman Refinances $2.8 Billion Of Debt And Expands Operations Into Australia

BALTIMORE
October 11, 2012

BALTIMORE (October 11, 2012) – Algeco Scotsman, the global leader of modular space and secure portable storage solutions, announced that it has simultaneously completed the combination with Ausco Modular (“Ausco”) in Australia and New Zealand and the refinancing of Algeco Scotsman’s and Ausco’s existing debt facilities.

Algeco Scotsman’s new long term capital structure includes a $1.2 billion asset-backed credit facility due 2017 and $1,075 million aggregate principal amount of 8.50% Senior Secured Notes due 2018, €275 million aggregate principal amount of 9.00% Senior Secured Notes due 2018 (collectively, the “Senior Secured Notes”) and $745 million aggregate principal amount of 10.75% Senior Unsecured Notes due 2019 (the “Senior Unsecured Notes” and, together with the Senior Secured Notes, the “Notes”). Substantially concurrent with the debt refinancing, Ausco, the leading provider of modular space in Australia and New Zealand, was contributed to Algeco Scotsman by TDR Capital, the company’s majority shareholder.

The Notes and related guarantees will be offered only to qualified institutional buyers in reliance on the exemption from registration set forth in Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States to non-U.S. persons in reliance on the exemption from registration set forth in Regulation S under the Securities Act. The Notes and the related guarantees have not been registered under the Securities Act, or the securities laws of any state or other jurisdiction, and may not be offered or sold in the United States without registration or an applicable exemption from the Securities Act and applicable state securities or blue sky laws and foreign securities laws.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, any securities, nor shall there be any sales of the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This notice is being issued pursuant to and in accordance with Rule 135(c) under the Securities Act.

Algeco Scotsman Featured in Baltimore Business Journal

BALTIMORE
September 6, 2012

BALTIMORE, September 6, 2012 – President and CEO Jean-Marc Germain sat down recently with Gary Haber from The Baltimore Business Journal to discuss our company's business and focus areas. An article appeared in the September 14th edition of the local business newspaper. To read the article, go to: http://www.algecoscotsman.com/pdf/Jean-Marc_BusinessJournal_Story.pdf

Williams Scotsman Provides Sustainable Modular Buildings For First Carbon-Neutral Natural Gas Pipeline Project

In Collaboration with URS, Company Provides Four Permanent LEED Gold Certified Buildings in Three States
BALTIMORE
May 18, 2012

BALTIMORE, May 8, 2012 – Williams Scotsman, a leading provider of modular space and storage solutions in North America, recently supplied four sustainable permanent modular buildings to El Paso Corporation for use along the Ruby Pipeline.  The four buildings were awarded LEED® Gold certification from the United States Green Building Council (USGBC).

The pipeline extends 683 miles and provides West Coast markets with access to Rocky Mountain clean natural gas. It begins in Opal, Wyoming and terminates in Malin, Oregon. The permanent modular buildings are located in Wyoming, Utah, and Nevada.

Collaborating with URS, a leading provider of engineering, construction, and technical services with a focus on sustainable design for public agencies and private sector companies around the world, Williams Scotsman worked to incorporate sustainable design and building practices into every facet of the project. The buildings also achieved the notable Green Globe designation (two-Globes Certified), which is a widely recognized environmental assessment and rating tool for environmentally progressive designs.

“We commend El Paso for its ability to develop and operate a carbon-neutral pipeline. As the demand for clean natural gas increases, we suspect there will be more of these pipelines built throughout the US,” said Joseph Vecchiolla, senior vice president of US Field Operations for Williams Scotsman.  “Our company can deliver products and services to remote locations.  We can provide workforce housing, temporary modular construction offices, and/or permanent modular buildings in remote areas where skilled labor and building supplies are not always readily available.”

From its inception, the Ruby Pipeline project has served as an industry-wide model for planning a pipeline in a transparent, environmentally sensitive and culturally conscientious manner.

“This was truly a collaborative effort that contributed to El Paso’s ability to deliver the first carbon-neutral natural gas pipeline,” said Steve English, project manager for URS.  “With the help of modular construction, we were able to expedite the timeline for building the permanent structures associated with the project.”

Williams Scotsman also provided temporary modular units for the project.

Algeco Scotsman Names Jean-Marc Germain Chief Executive Officer

New Executive Joins Global Modular Space and Secure Storage Leader
BALTIMORE
March 12, 2012

BALTIMORE, March 12, 2012 – Algeco Scotsman Group, a leading global business services company focused on modular space and secure storage solutions, today announced the appointment of Jean-Marc Germain as chief executive officer. He replaces Duncan Gillis who resigned to pursue other career opportunities.

“We are pleased to have Jean-Marc Germain join our company as chief executive officer and we thank Duncan Gillis for his many contributions to our organization over the past several years,” said Gerry Holthaus, chairman of Algeco Scotsman. “We believe that Jean-Marc’s international business and operations experience gained over the past two decades will be invaluable as the company enters its next phase of growth and development.”

Germain joins Algeco Scotsman from Novelis, the world’s leader in aluminium rolling, where he most recently served as President for its North American operations, a $3.9 billion unit of the $10.6 billion organization. He has held several leadership positions of increasing responsibility with Novelis as well as Alcan/Pechiney, GE Capital, and Bain & Company. Germain is a graduate of Ecole Polytechnique in Paris, France.

Algeco Scotsman Group Moves Corporate Office To Baltimore’s Harbor

Global Modular Space and Storage Provider Secures Space in Fells Point Section of City
BALTIMORE
February 7, 2012

BALTIMORE, February 7, 2012 – Algeco Scotsman Group, a leading global business services company focused on modular space and storage solutions, today announced it has relocated its corporate office and its U.S. operating company Williams Scotsman, from White Marsh, Maryland to the City of Baltimore.

“Moving our corporate office from our current suburban setting to the city will serve us well long-term. As we expand our business this new location will help us continue to attract talented people who want to live and work in a vibrant, affordable city. The Baltimore Harbor location also provides a more contemporary location in line with our company culture.  Finally, as a global organization we often host international visitors and therefore the relocation provides us with easier access to the expected amenities,” said Duncan Gillis, chief executive officer of Algeco Scotsman. “We’re excited to help lead the city’s revitalization efforts.”

Nearly 200 Algeco Scotsman employees now occupy more than 30,000 square feet of space in the Bond Street Wharf building located at 901 South Bond Street.  Algeco Scotsman and its affiliates hold leading market positions in over 20 countries across 4 continents.  The company recently announced its expansion into South America with the acquisition of the Eurobras Group, the number one provider of modular space and storage solutions in Brazil.  Late last year, Algeco Scotsman incorporated affiliates Ausco and Portacom into their portfolio, the leading providers of modular buildings in Australia and New Zealand, respectively.

“I welcome Algeco Scotsman and their employees to Fells Point,” said Baltimore mayor Stephanie Rawlings-Blake.  “Algeco Scotsman’s move into Baltimore is an example of how our city is a perfect fit for dynamic and expanding businesses.”

Baltimore Development Corporation president M.J. “Jay” Brodie added, “BDC strives to grow Baltimore City’s economy through the attraction of businesses such as Algeco Scotsman.  We are delighted about their decision to relocate to Baltimore.”

Michael S. Beatty, president of Harbor East Development Group commented, “We are very excited to welcome Algeco Scotsman to their new home in Bond Street Wharf.  This is another demonstration of Baltimore’s ability to attract suburban – and in this case, international – office tenants to our vibrant, expanding downtown.” Cassidy Turley brokers David Downey and Brian Wyatt represented Algeco Scotsman in the lease transaction.

Algeco Scotsman Acquires Eurobras

Company Further Expands Global Footprint by Entering South America
BALTIMORE
January 30, 2012

BALTIMORE - (Marketwire - January 30, 2012) - Algeco Scotsman, a leading global business services company focused on modular space and secure storage solutions, today announced the acquisition of the Eurobras Group, the leading provider of modular buildings in Brazil. 

Eurobras, headquartered in Sao Paulo, Brazil, is a major supplier of modular buildings and accommodation units to the oil and gas, natural resources, infrastructure, construction, and events markets. The Eurobras group has the largest hire fleet in Brazil with over 10,000 modules, built upon its strong 30 year history and reputation for quality and service. It services customers through its 16 branches across Brazil. The Eurobras Group consists of Eurobras, Dynaplan, Pevidi, Planeta, and AMD companies.

"This acquisition aligns with our strategy to expand our operations into emerging markets, such as South America," said Duncan Gillis, chief executive officer of Algeco Scotsman. "Establishing a significant market presence in Brazil provides us with substantial exposure to the high growth petrochemical, industrial and public works industries and positions us to capitalize on the expected growth in Brazilian education and healthcare spending in the future."

Brazil is positioned for strong economic growth over the next five years with two major events taking place in the country: the 2014 World Cup and the 2016 Olympics. "Eurobras' attractive customer base coupled with their more than 30 years of operating experience made them an ideal company to fold into our global network," added Gillis. Today Algeco Scotsman and its affiliates have leading market positions in over 20 countries across North America, Europe, and Australasia.

Algeco Scotsman Appoints Thomas Kloster To Chief Financial Officer

Seasoned Finance Executive Assumes Responsibility of Financial Operations for Global Company
BALTIMORE
August 2, 2011

BALTIMORE - Algeco Scotsman, a leading global business services company focused on modular space and storage solutions, today announced the appointment of Tom Kloster   to chief financial officer.

As CFO, Kloster will assume responsibility for implementing select Algeco Scotsman strategic initiatives and strengthening the global finance organization. He will report directly to Duncan Gillis, chief executive officer of Algeco Scotsman.  Together with Algeco Scotsman’s financial team, as well as the operating unit leaders, Kloster will work to secure and fortify the organization’s international financial capabilities across its 26 countries of operation.

“Tom’s expertise, specifically with multi-national organizations, makes him a valued addition to the Algeco Scotsman leadership team,” said Gillis.

With more than 20 years experience Kloster brings a wealth of knowledge to his new position.  Kloster most recently served as the CFO for Primus Telecommunications Group, Inc.  While there he oversaw all financial aspects of this $1 billion publicly traded multi-national telecommunications company and completed multiple public debt offerings as well as an initial public offering (IPO).  Kloster was responsible for making strategic decisions that included capital allocation, capital structure, fund raising and acquisition as a member of the executive management team.  Prior to Primus, Kloster held positions of increasing responsibility at Sprint and MCI.

Kloster began his career as a public accountant serving clients for more than 10 years at Ernst & Young (E&Y) and PriceWaterhouseCoopers (PWC). Kloster holds a bachelor’s degree in business administration from the University of Texas, Austin.

Algeco Scotsman Announces Acquisition of A1 Container in Austria, Hungry, and Slovenia

Transaction Expands Market Presence in Central Europe
BALTIMORE
June 6, 2011

BALTIMORE, MD (June 6, 2011) - Algeco Scotsman, a leading global business services company focused on modular space and secure storage solutions, today announced it has acquired A1 Container with businesses in Austria, Hungary and Slovenia.

"This transaction will allow us to supply high quality modular, sanitary and storage units to new customers in Austria, Hungary and Slovenia," said Angèle Brucker, managing director, Algeco Central Europe. "We welcome A1 customers and look forward to serving the needs of public administration, event, industrial and construction organizations from these new operating locations."

Through this acquisition, Algeco Scotsman will increase its fleet by more than 3,000 units across Austria, Hungary and Slovenia.

"Our entry into these three new country markets, adjacent to our current markets in the region, strengthens our position in Central Europe," said Duncan Gillis, chief executive officer of Algeco Scotsman. "Following last week's announcement of a planned transaction involving Ausco, a leading business services provider in the Asia Pacific region, the addition of A1 reinforces our continued expansion and, as with Ausco and Portacom in Australia and New Zealand respectively, provides increased geographic balance across our portfolio of operating companies."

Algeco Scotsman Enters Into Transaction to Acquire Ausco Modular Holdings LTD

Algeco Scotsman Furthers Global Expansion through Combination with Leading Asia-Pacific Modular Buildings Provider, Ausco Modular
BALTIMORE
May 25, 2011

BALTIMORE - Algeco Scotsman, a leading global business services company focused on modular space and secure storage solutions, today announced it has entered into arrangements to acquire Ausco Modular Holdings Ltd. (Ausco), a leading provider of modular buildings in Australia and New Zealand. The arrangements follow an agreement by Algeco Scotsman's owners to acquire Ausco from Waco International Limited which, subject to conditions, is expected to complete around the end of June 2011.

Ausco, headquartered in Brisbane, Australia, is a major supplier of modular buildings and accommodation units in the high growth mining, oil, and gas markets of Western Australia and Queensland. Underpinned by Ausco's pre-eminent design, assembly, and service capabilities, Ausco has developed a premium product portfolio and one of the largest hire fleets in Australia and New Zealand with more than 14,000 modules. The business also operates in the highly attractive build-own-operate market, providing relocatable accommodation facilities for workers in remote Australian locations, often close to mining or infrastructure projects.

The arrangement will provide Algeco Scotsman with a significant market presence in the Asia-Pacific region, substantial exposure to high growth markets, and expansion of the company's current geographic footprint. Today Algeco Scotsman holds leading market positions in over 20 countries across North America and Europe. Algeco Scotsman has increased its global leadership position in the modular space and secure storage solutions market through execution of a global expansion strategy, backed by current owners, TDR Capital LLP.

"The Ausco transaction furthers our strategic objective of expanding into high growth markets and provides access to the economic expansion of the broader Asia-Pacific region," said Duncan Gillis, president and chief executive officer for Algeco Scotsman. "This transaction provides excellent opportunities within the mining, energy, and resources sector in Australia which exhibits a strong demand outlook driven predominantly by China's economic growth. The business will also benefit from an upturn in commercial, industrial, and construction demand in core domestic markets."

Ausco Modular Holdings Ltd. was part of Waco International Limited, a leading industrial services business with operation in Australasia, South Africa, and the UK, owned jointly by Unitas Capital and CCMP Capital.

Algeco Scotsman Acquires Speedy Space

Company Enhances Service and Product Offerings for UK Customers
BALTIMORE
April 26, 2011

BALTIMORE, MD - Algeco Scotsman, a leading global business services company focused on modular space and secure storage solutions, today announced the acquisition of the business and assets of Speedy Space, a division of Speedy Hire PLC. Speedy Space's fleet and operating branches will be integrated into Algeco's business operations in the United Kingdom, known as Elliott.

Elliott and Speedy Hire will also enter into a multi-year partnering agreement to provide customers in the UK with an integrated service that combines the expertise of each company in their respective products and services, making the full range of their products and services available to each other's customers.

"This acquisition affords us new capabilities to better serve all of our customers, especially those with needs throughout the country," said Mark Eburne, managing director for Elliott. "Customers can continue to rely on us for superior service and will now have access to more units from more locations."

As a result of the transaction, Algeco Scotsman has added more than 16,000 units to its fleet and new locations in Chicester, Swindon, Ipswich and Derby.

"This deal underscores our ongoing commitment to enhancing the reach and scope of our business in the UK," said Duncan Gillis, chief executive officer of Algeco Scotsman. "We welcome the Speedy Space team to the company, as we join forces to provide excellent service and value to customers."

Phipps Conservatory Jobsite in Pittsburgh Utilizes Green Modular Office

Williams Scotsman Continues to Improve Sustainability on Construction Sites with reMOD Mobile Office Line
BALTIMORE
April 6, 2011

BALTIMORE, April 6, 2011 - Williams Scotsman, an Algeco Scotsman company and leading provider of modular space and storage solutions in North America, today announced that its reMOD modular jobsite office is being used at Phipps Conservatory in Pittsburgh, as part of a two-phase development project.

With the vision that you can work green while you build green, Williams Scotsman launched its reMOD line in early 2009. As integrated into overall site plan and scale, the reMOD line demonstrates job site innovation and may afford project teams the opportunity to obtain additional innovation and design points when working to achieve LEED certification for a permanent building.

The reMOD mobile office has become a central point for workers that are part of the 24,000 sq. ft. new construction project happening at Phipps Conservatory this year. The reMOD office serves as a meeting location for the various parties involved with the building of the Center for Sustainable Landscapes. The goal of the permanent building project is to achieve LEED® platinum certification with the United States Green Building Council (USGBC) as well as certification under the Living Building Challenge, which is a sustainability program set forth by the International Living Building Institute.

"Over the past two years we've received valuable feedback from the general contractor community that has helped to enhance our product offering," said Michele Cunningham, vice president of marketing for Williams Scotsman. "The increased use of our reMOD line demonstrates that we are filling a real need in the marketplace for sustainable mobile offices. We believe more and more general contractors will continue to enhance jobsite sustainability throughout the next few years."

The reMOD product line offers three different options, providing flexibility for jobsites with different requirements:

  • The light green unit utilizes an existing mobile office retrofitted to include eco-minded elements, such as energy efficient light bulbs, motion sensors, weather stripping, caulk, and programmable thermostats, among others
  • The mid-green unit, is based on the same structural framework but includes energy-efficient HVAC units, eco-minded finishes, and other system enhancements
  • The dark green concept includes all the light and mid-green options as well as an eco-minded interior and exterior design and framework. Self-sustaining renewable resource systems maximize energy efficiency in the units

The unit at Phipps Conservatory is a mid-green unit which includes, motion sensor light switches, programmable thermostat, GreenGuard certified insulation, automatic hand dryers, recycling areas, fluorescent bulbs, white roofing, low-E windows, tubular daylighing devices, dual flush systems and low-flow faucets. For more information about the reMOD line visit www.willscot.com/green.

Williams Scotsman Wins Several Awards from Modular Building Institute

Honors Include First Place Recognition for Modular Healthcare Facility
BALTIMORE
March 29, 2011

BALTIMORE - March 29, 2011 - The Modular Building Institute (MBI) recognized Williams Scotsman, an Algeco Scotsman company and leading provider of modular space and storage solutions in North America, with several honors, including first place in temporary healthcare modular space and marketing.

In total, the company received four MBI Awards of Distinction for projects completed in 2010 in the healthcare, institutional, temporary office space and marketing categories.

"I'm especially pleased that our temporary space projects gained recognition this year," said Michele Cunningham, vice president of marketing for Williams Scotsman. "Temporary modular space serves a critical role for our customers - enabling continued operations during times of transition or permanent new construction. We commend all the teams involved in these award-winning projects."

The awards honor innovation and design excellence within the commercial modular space industry. MBI recognized Williams Scotsman for the following projects:

First Place
  • Temporary Healthcare under 5,000 sq. ft.
  • WIC Center
  • Phoenix, AZ
First Place
Honorable Mention
  • Temporary Institutional or Assembly over 5,000 sq. Ft
  • Camp Pendleton Interim Housing
  • Camp Pendleton MCB, CA
Honorable Mention
  • Temporary Office under 5,000 sq. ft
  • Bridgeport MP Office
  • Bridgeport, CA

Also during this year's awards banquet Joseph Lopardo, vice president of modular building for Williams Scotsman, was acknowledged for his contributions as the outgoing 2010 MBI board president.

"While we are proud to highlight our successes, we'd be remiss if we didn't acknowledge the difficulty we faced as an industry in 2010. Despite challenging economic times, we believe we set a solid foundation that will help fuel future growth in 2011," said Lopardo. "During my term as president, the organization made significant strides on common issues, such as the International Green Code (IGCC). I'm confident that the incoming MBI board will continue to build awareness of our industry and fuel growth across all building sectors in the year ahead."

The Modular Building Institute is a non-profit trade association (www.modular.org) that represents the manufacturers, dealers, and suppliers of commercial factory-built structures, a multi-billion dollar industry annually. From classrooms to airport terminals, dormitories to weigh stations, emergency rooms to restaurants, MBI member companies manufacture, install, and service virtually every type of building application, for both temporary and permanent use. The commercial building awards, judged by an impartial panel of experts, were based on the following criteria: architectural excellence, technical innovation, cost effectiveness/energy efficiency, and calendar days to complete. Projects had to be intended as commercial structures, and all had to be of mobile or modular construction.

Visit www.willscot.com/11MBI to view photos of the winning projects.

Algeco Scotsman Acquires Lamar Space, Inc.

Transaction Extends Modular and Mobile Space Offering to More Customers in California
BALTIMORE
March 22, 2011

BALTIMORE, MD (March 22, 2011) - Algeco Scotsman, a leading global business services company focused on modular space and secure storage solutions, today announced it has acquired the assets of Lamar Space, Inc. headquartered in Chula Vista, CA.

"This deal allows us to better serve customers in the state and also offers existing Lamar customers the ability to select from a broader, more robust product portfolio - from temporary office space to swing space to permanent modular buildings," said Jeff Jones, regional vice president, US Western Region for Williams Scotsman, Algeco Scotsman's operating business in North America. "The acquisition enhances our presence in the southern part of the state. We now have three large branches serving customers in multiple sectors, including military, education and construction."

As part of the transaction, Algeco Scotsman will increase its fleet by more than 700 units and will add a new branch location in San Diego.

"This acquisition is in line with our global business strategy to selectively acquire companies that augment our local presence as well as our product portfolio," said Duncan Gillis, chief executive officer of Algeco Scotsman.

Algeco Scotsman Acquires RB Farquhar (Hires) Ltd.

Company Further Expands UK Footprint and Rental Fleet
BALTIMORE
February 22, 2011

BALTIMORE (February 22, 2011) - Algeco Scotsman, a leading global business services company focused on modular space and secure storage solutions, today announced the acquisition of RB Farquhar (Hires) Ltd., a provider of modular buildings and cabins in the U.K. Farquhar Hires' fleet and five operating branches will be integrated into Algeco's business operations in the United Kingdom, known as Elliott.

"This transaction allows us to better serve our customers who have operations throughout the British Isles," said Mark Eburne, managing director for Elliott. "The acquisition fortifies our business with a stronger local presence in Scotland and northern England."

As a result of the transaction, Algeco Scotsman has added nearly 4,000 units to its fleet and branch operations in the following locations: Warrington in England and Inverness, Aberdeen, Falkirk and Glasgow in Scotland.

Williams Scotsman Announces U.S. Price Increase in Response to Rising Material and Fuel Costs

BALTIMORE
February 11, 2011

BALTIMORE, February 11, 2011 - Williams Scotsman, an Algeco Scotsman company and leading provider of modular space and storage solutions in North America, today announced a price increase averaging 5 percent for its products as a result of rising fuel and commodity costs.

According to the U.S. Energy Information Administration (EIA), the price of fuel has increased 21.4 percent from 2009, with further price increases expected through the next few years. The cost of lumber has increased 13.1 percent since 2009 according to Random Lengths, an industry publication that uses the Framing Lumber Composite Price index . And MEPS reports note that the cost of steel beams increased 14.5 percent over the course of 2010.

"We all recognize these are extraordinary economic times," said Wayne McGowan, vice-president of sales for Williams Scotsman. "We absorbed significantly higher costs for materials and transportation over the past year, and remain committed to delivering value to customers at competitive prices. This minimal increase allows us to continue providing the quality products and high levels of service that our customers expect and deserve."

Duncan Gillis, chief executive officer of Algeco Scotsman, parent company of Williams Scotsman, noted, "Our US business is now responding to supplier prices we've felt globally over the past year. We have chosen to pass along some of our cost increase rather than compromise our standards and commitment to customers."

The price increase will be effective immediately for all new lease and sale transactions across the company's portfolio of products in the United States.

Algeco Scotsman Appoints Michael Hartigan to Vice President of Strategy and Business Development

Seasoned Mergers and Acquisition Executive Will Oversee Company's Market Growth Strategies
BALTIMORE
January 10, 2011

BALTIMORE, January 10, 2011 - Algeco Scotsman, a leading global business services company focused on modular space and secure storage solutions, today announced the appointment of Michael Hartigan, age 44, to the role of vice president of strategy and business development. Hartigan will assume responsibility for several emerging and developed market growth strategies and will support active business development efforts around the globe.

"Michael's strong global strategy development and execution skills coupled with his experience integrating acquisitions and joint ventures in several countries make him a welcome addition to the Algeco Scotsman team," said Duncan Gillis, chief executive officer of Algeco Scotsman. "With more than 20 years' experience, Michael will play a critical role in our company as we continue to execute our expansion strategy."

As vice president of strategy and business development, Hartigan will work closely with Algeco Scotsman's leadership team, as well as the operating teams in North America, Europe, The Middle East and Asia. He is charged with expanding the company's global footprint through acquisitions and joint ventures.

Prior to joining Algeco Scotsman, Hartigan was the vice president of service and operational excellence at Otis Elevator, where he led the development and execution of worldwide strategy for Otis' global service business. In this role he also managed the implementation and execution of lean and quality programs in Otis' branch operations and factories worldwide. Prior to that, Michael held positions of increasing responsibility at Otis including: president, North American Elevator Service and vice president of worldwide marketing and business development. Before joining Otis, Hartigan was the director of corporate strategy and development at United Technologies Corporation and he was a former project leader at the Boston Consulting Group.

Hartigan holds a Bachelor of Science degree in electrical engineering from the University of Illinois and received his MBA from Harvard Business School.

Algeco Scotsman Acquires Caltin Containers

Company Increases Fleet and Expands Operations in Southwest Wales
BALTIMORE
January 5, 2011

BALTIMORE, January 5, 2011 - Algeco Scotsman, a leading global business services company focused on modular space and secure storage solutions, today announced the acquisition of Caltin Containers Ltd., a modular space supplier based in the United Kingdom.

The transaction is intended to support Algeco Scotsman's plans for global expansion. The assets from the acquisition will be integrated into Algeco's business operations in the United Kingdom, known as Elliott Hire.

The purchase enables the company to better serve oil and petrochemical companies throughout the region. "Caltin was a great acquisition for Elliott, strengthening our presence in Southwest Wales where there is growing demand for modular space among industrial businesses,' said Mark Eburne, managing director for Elliott.

"This acquisition is in line with our ongoing efforts to further strengthen our global branch network by engaging new customer sectors and expanding our offering," added Duncan Gillis, president and chief executive officer of Algeco Scotsman.

Algeco Scotsman Acquires Logimobile as Part of Expansion into Normandy

More Than 900 Units Added to Company's Fleet
BALTIMORE
October 21, 2010

BALTIMORE, October 21, 2010 - Algeco Scotsman, a leading global business services company focused on modular space and secure storage solutions, today announced the acquisition of Logimobile, a modular space provider based in Normandy, France.

"There is growing demand for modular space among industrial businesses, particularly oil and chemical companies, in the northern part of France," said Duncan Gillis, chief executive officer for Algeco Scotsman. "As a result of the acquisition, we have expanded our reach into Normandy and are better positioned to service customers in the attractive industrial sector."

In addition to serving industrial customers, Logimobile has built a strong customer base in the public service sector. The transaction expands Algeco Scotsman's fleet by an additional 960 units and establishes a new service depot in Normandy.

Algeco Scotsman Acquires Yvelinoise

Company Increases Fleet and Expands Presence in Paris Region
BALTIMORE
August 5, 2010

BALTIMORE, August 5, 2010 - Algeco Scotsman, a leading global business services company focused on modular space and secure storage solutions, today announced the acquisition of Yvelinoise, a modular space provider based in the west part of Ile de France.

"This acquisition expands our market presence and scale in France, particularly in the western region of Paris," said Duncan Gillis, chief executive officer for Algeco Scotsman. "As a result of the deal, we've added a vibrant branch to our network, effectively accommodating new customers and operations. We are well poised to continue providing customers across France with superior modular and secure storage units and service."

Yvelinoise has historically focused on serving the construction sector in the region. The transaction expands Algeco's fleet by an additional 3,650 units and establishes a new service depot in the Paris area.

Algeco Scotsman Expands Fleet with Acquisition of Cabin Centre Assets

More Modular Welfare Units Now Available
BALTIMORE
July 27, 2010

BALTIMORE, July 27, 2010 - Algeco Scotsman, a leading global business services company focused on modular space and secure storage solutions, today announced the acquisition of more than 2,000 mobile and secure storage units from Cabin Centre, Ltd., a modular space supplier based in the United Kingdom.

"As a result of this acquisition, we have increased our inventory of welfare rental units to serve our customers in this region," said Bruno Roqueplo, chief executive officer for Algeco EMEA. "The breadth and variety of our fleet enables us to meet current and emerging requirements for national construction companies, as well as industrial and commercial organizations."

The transaction is intended to support Algeco Scotsman's plans for global expansion. The assets from the acquisition will be integrated into Algeco's business operations in the United Kingdom, known as Elliott Hire.

Williams Scotsman Responds to Demand for Modular Space with Additional Branches and Storefronts in Mexico

18 Locations Now Offer Services to Customers in Education, Agriculture, Tourism, Healthcare, Mining, Petroleum and Manufacturing
BALTIMORE
May 11, 2010

Williams Scotsman, the leading provider of modular space and storage solutions, today announced the opening of 10 additional locations throughout Mexico. The company has added new branches and storefronts in Veracruz, Guadalajara, Mexico City, Puebla, Leon, Poza Rica, Culiacan, Chihuahua, Reynosa and Torreon.

"We are committed to providing unprecedented value and service to our customers in the Republic of Mexico," said Nicholas Polit, Williams Scotsman's country manager of Mexico. "Adding these new locations further expands our reach throughout the country, enabling unmatched access to modular space solutions for businesses and educational institutions in both rural and urban areas."

With a population of more than one hundred million, the Mexican Government has initiatives in place to provide citizens with important services, such as education and healthcare. Williams Scotsman offers immediate space solutions ideally suited to serve these and as well as other applications, and has units ready for lease and/or purchase.

"Our localized centers provide in-market expertise as well as the benefit of our company's global infrastructure, making us a valued partner to our customers," added Polit. "Having more centers also means less impact on the environment, as modular units and storage containers can be transported from a local center a few miles away rather than distances of several hundred miles."

To provide customers with the opportunity to experience the company's array of products, Williams Scotsman has invited leaders in education, government and the private sector to attend one of five stops during the road show scheduled throughout the country. These events will offer additional background on the company's latest product innovations and modular space solutions. After a launch event on May 18 in Mexico City, the show will continue in Veracruz on May 20; Leon on May 25; Hermosillo on May 27; and will conclude in Guadalajara on June 1.

Williams Scotsman began operating in Mexico in 2004 and is the market leader in Mexico's modular space industry, offering mobile offices, permanent modular buildings and the Redi-Plex® solution, an alternative that creates thousands of square feet of space in a matter of weeks. For a complete list of locations in Mexico, please visit http://www.oficinasmoviles.com.

Algeco Scotsman Promotes COO Duncan Gillis to CEO

Holthaus to Continue as Modular Space Provider's Non-executive Chairman
BALTIMORE
April 5, 2010

Algeco Scotsman, a leading global business services provider focused on modular space and secure storage solutions, today announced the promotion of Duncan Gillis, age 46, to chief executive officer. Effective immediately, Gillis will assume full responsibility for running the company's global operations and will sit on the Algeco Scotsman board of directors. Gerry Holthaus, former chairman and chief executive officer of Algeco Scotsman, will transition to the role of non-executive chairman where he will manage board-related activities and support the company's geographic expansion plans.

"Duncan's leadership, strategic planning and operational execution have positioned him well for this anticipated transition. I'm confident in his ability to lead the company as it continues to grow and prosper," said Holthaus. "Duncan's appointment also presents a good opportunity for me to remain engaged with the leadership team on a professional level while personally affording me more flexibility."

"I'd like to thank Gerry for 16 years of service to our company and am looking forward to building upon the foundation created under his leadership," said Gillis. "As we move forward, we will continue with our transformation activities and strategic growth agenda."

Gillis joined Algeco Scotsman in March of 2009 as chief operating officer, responsible for guiding the implementation of streamlined processes and operating efficiencies across the global organization. Prior to joining Algeco Scotsman, Gillis held several leadership positions with United Technologies Corporation (UTC) in both North America and Asia. Prior to his tenure at UTC, Gillis held positions with Procter & Gamble and McKinsey & Company. Gillis earned a bachelor's degree from Cornell University, after which he served as an infantry officer in the U.S. Army before returning for his master's degree in business administration from Cornell.

Williams Scotsman Wins Several Awards from Modular Building Institute

Honors Include Green Best in Show and Company Leader's Induction into Hall of Fame
BALTIMORE
March 15, 2010

The Modular Building Institute (MBI) recognized Williams Scotsman, the leading provider of modular space and secure storage solutions in North America, with several honors, including Green Building Best of Show, at its annual convention in Orlando last week. The company received seven MBI Awards of Distinction in the categories of education, healthcare, institutional, office and retail for projects completed in 2009. It also received first place and Green Building Best in Show for High Tech High Chula Vista, a LEED® Gold certified charter school in California. The awards honor innovation and design excellence within the commercial modular space industry.

Joseph Donegan, executive vice president of field operations for Williams Scotsman, was inducted into the Commercial Modular Hall of Fame at the convention. Donegan started in the industry in 1974 and joins Williams Scotsman's co-founder, the late A.V. Williams, who was inducted into the Hall of Fame in 2007. Williams Scotsman's vice president of modular buildings, Joe Lopardo, was also elected MBI's board president for 2010.

"The winners of this year's awards demonstrate that modular construction continues to evolve as a leading solution for various building types across many industry sectors," said Michele Cunningham, vice president of marketing and business transformation for Williams Scotsman. "We are humbled by the honors our projects received from MBI's expert panel of architects, engineers and building publication editors and also by the recognition of our leaders."

MBI recognized Williams Scotsman for the following projects:

First Place
  • Permanent Education, 5,000 to 10,000 sq. ft.
  • Fun Time Childhood Development Center
  • Naples, FL
First Place
  • Temporary Healthcare over 5,000 sq. ft.
  • National Naval Medical Center
  • Bethesda, MD
First Place
  • Temporary Institutional or Assembly over 5,000 sq. ft.
  • Phoenix-Mesa Gateway Airport
  • Mesa, AZ
First Place/Green Building Best in Show
  • Green Building Design
  • High Tech High Chula Vista
  • Chula Vista, CA
First Place
  • Temporary Retail or Hospitality over 2,000 sq. ft.
  • John Wieland Homes, Inc.
  • Holly Springs, NC
Honorable Mention
  • Temporary Office over 5,000 sq. ft.
  • Wolf Creek Dam
  • Jamestown, KY
Honorable Mention
  • Permanent Healthcare under 5,000 sq. ft.
  • AIDS Project Los Angeles S. Mark Taper Foundation Center
  • Los Angeles, CA
 

The Modular Building Institute is a non-profit trade association (www.mbinet.org) that represents the manufacturers, dealers, and suppliers of commercial factory-built structures, a multi-billion dollar industry annually. From classrooms to airport terminals, dormitories to weigh stations, emergency rooms to restaurants, MBI member companies manufacture, install, and service virtually every type of building application, for both temporary and permanent use.

The commercial building awards, judged by an impartial panel of experts, were based on the following criteria: architectural excellence, technical innovation, cost effectiveness/energy efficiency, and calendar days to complete. Projects had to be intended as commercial structures, and all had to be of mobile or modular construction.

Visit www.willscot.com/10MBI to view photos of the winning projects.

Williams Scotsman's Green Charter School Project Earns High Marks

Sustainable school campus completed in Chula Vista, California is LEED® Gold certified with U.S. Green Building Council (USGBC).
BALTIMORE
February 24, 2010

Williams Scotsman, the leading provider of modular space and secure storage solutions in North America, today announced the sustainable school campus completed in Chula Vista, California is LEED® Gold certified with U.S. Green Building Council (USGBC). High Tech High, a charter school serving approximately 550 students in San Diego's South Bay, has set a new standard for sustainably-designed learning environments. In addition to being LEED Gold certified, the school was submitted to the Collaborative for High Performance Schools (CHPS) program, a national initiative to improve student performance and the overall education experience by building the best possible schools.

"This project exemplifies the trajectory toward the greening of schools in our nation, and we hope that others will follow in High Tech High's footsteps," said Michele Cunningham, vice president of marketing and business transformation for Williams Scotsman. "We commend High Tech High for their commitment to sustainable education space and for realizing the benefits inherent with sustainable modular design."

Working with BYCOR, a San Diego based general contractor, Williams Scotsman delivered 59 modules, to construct eight buildings for High Tech High, totaling 32,807 square feet. The buildings are connected by a steel canopy, which adds 12,645 square feet of space to the campus.

"With the rigorous LEED certification and CHPS verification processes, we are delighted that the project has attained such high sustainable design ratings," said Christopher Gerber, the director of facilities for High Tech High. "This was certainly a collaborative effort and we applaud our building partners for delivering such a strong environmentally-focused project within the unyielding time and budget requirements."

Various green materials were used to enhance classroom acoustics, day-lighting and energy efficiencies. The modular units feature various high-performance products including, dual pane windows with low-E coatings, acrylic skylights, light fixtures with motion controlled sensors and low volatile organic compound (VOC) paint. The project also incorporated renewable and recycled materials such as sealed lightweight concrete floors, Homasote 440 Sound Barriers, which are high-density fiberboards made from recycled newsprint that help to control acoustics in walls, and a sprayed polyurethane roof. All the materials, with the exception of the interior casework, were available locally, further reducing the carbon footprint of the project.

The school will also serve as a learning tool for both students and visitors. High Tech High has a permanent educational display located in the school lobby, which showcases the sustainable project attributes, student work, and project-specific sustainable design elements. In addition, the school tours hundreds of visitors through the facility each year so the sustainable features can be seen and experienced.

"Our company has a long-standing commitment to creating sustainable modular solutions in the markets that we serve," said Duncan Gillis, president and chief operating officer of Algeco Scotsman, Williams Scotsman's parent company. "We are proud of our role with High Tech High and will continue to dedicate resources to support high-performance modular concepts across various industries."

Williams Scotsman Announces Haiti Disaster Recovery Program

Modular Space Provider Contributes Support to Red Cross and Equipment to Longer-term Rebuilding
BALTIMORE
February 17, 2010

Williams Scotsman, the leading provider of modular space and secure storage solutions in North America, announced that it has set up a designated toll-free number, 888-277-0569, to help those who need immediate modular space for a variety of uses in Haiti. The company has deployed fleet and staff resources to coordinate activities related to recovery efforts in the disaster-stricken area.

n addition, Williams Scotsman will contribute funds on behalf of customers and employees to the Red Cross relief and rebuilding effort in Haiti. The company agreed to make a donation to the Red Cross of $5 for every mobile office leased for six months or more through the end of March. The company will also match donations made to the Red Cross by its global staff.

"Our thoughts are with all those impacted by the devastating earthquake in Haiti," said Gerry Holthaus, chairman and chief executive officer of Algeco Scotsman, the parent company of Williams Scotsman. "We want to help in whatever way we can, and modular space can provide hope in the most difficult situations by delivering solutions to keep vital services running, provide safe shelter for people and secure storage for equipment and incoming relief supplies."

As a modular space provider for more than 50 years, Williams Scotsman provides a variety of space solutions including command centers, healthcare clinics, field offices, bunkhouses and mobile response units.

"Down the road, we also believe that our permanent modular structures and concurrent construction methods can help in the rebuilding efforts - allowing schools, hospitals and government buildings to be constructed in half the time of traditional construction methods," said Holthaus.

In the aftermath of a hurricane or other natural disaster, customers have come to rely on Williams Scotsman in their recovery efforts. Williams Scotsman played a critical role in helping to rebuild after Hurricanes Rita and Katrina. In addition to deploying hundreds of mobile office and storage units to support continuing operations of local businesses, the company completed 29,000 square feet of permanent modular space for the reconstruction of South Cameron Memorial Hospital, which was destroyed by Hurricane Rita. The company also played a vital role within New Orleans' Recovery School District, providing 500,000 square feet of modular classroom space to seven different school sites after Hurricane Katrina.

Williams Scotsman Receives Five Awards of Distinction
from Modular Building Institute

Awards Spotlight Permanent and Temporary Modular Projects Serving Healthcare and Education
BALTIMORE
April 15, 2009

The Modular Building Institute (MBI) recognized Williams Scotsman, the leading provider of modular space and storage solutions in North America, with several honors at its annual convention in Las Vegas earlier this month. The company received five Awards of Distinction in the categories of renovated reuse/greatest renovation, permanent modular (education and healthcare) and temporary modular (healthcare) for projects completed in 2008. The awards honor innovation and design excellence within the commercial modular space industry.

"We are delighted that several projects within our healthcare practice have been recognized by MBI. From disaster recovery relief to modular imaging suites, Williams Scotsman has demonstrated a continued commitment to providing the healthcare community with space solutions that incorporate speed and innovation," said Michele Cunningham, vice president of marketing and business development for Williams Scotsman. "It is also an honor to be acknowledged by a panel of judges and our peers for superior modular buildings for education facilities throughout North America."

"We've had a longstanding commitment to the commercial modular space industry for several decades and it's rewarding to see our innovative projects continually recognized by a panel of judges and our peers," said Michele Cunningham, vice president of marketing and business development for Williams Scotsman. "The industry has made great strides over the past 25 years and we look forward to playing an active role in its future evolution."

Williams Scotsman was recognized for the following projects:

First Place
  • Greatest renovation under 10,000 sq. ft.
  • Saint Simeon's Episcopal Home
  • Tulsa, OK
First Place
  • Permanent education under 5,000 sq. ft.
  • Shoreline School District
  • Shoreline, WA
Honorable Mention
  • Permanent healthcare over 5,000 sq. ft.
  • South Cameron Memorial Hospital
  • South Cameron, LA
Honorable Mention
  • Temporary healthcare under 5,000 sq. ft.
  • Pioneers Memorial Hospital
  • Brawley, CA
Honorable Mention
  • Temporary healthcare over 5,000 sq. ft.
  • The National Institute of Environmental Health Sciences (NIEHS)
  • Raleigh, NC

Williams Scotsman also received a first place award in the permanent education (5,000-10,000 sq. ft.) category for its involvement in the new modular Woodland School in Lacey, Washington. The project was submitted by Blazer Industries, Inc., the manufacturer that worked with Williams Scotsman on the project.

The Modular Building Institute (www.mbinet.org) represents the manufacturers, dealers, and suppliers of the commercial factory-built structures industry. Commercial modular building manufacturers and dealers represent an annual multi-billion dollar industry. From classrooms to airport terminals, dormitories to weigh stations, emergency rooms to restaurants, MBI member companies manufacture, install, service and lease every conceivable type of building, both temporary and permanent.

The commercial building awards, judged by an impartial panel of experts, were based on the following four criteria: architectural excellence, technical innovation, cost effectiveness/energy efficiency, and calendar days to complete. Projects had to be intended as commercial structures, and all had to be of mobile or modular construction. Marketing piece awards were based on objectives, communication, and creativity.

Visit www.willscot.com/09MBI to view photos of the winning projects.

Algeco Scotsman Appoints New Chief Operating Officer and President

Duncan Gillis Will Lead Global Leadership Team for Modular Space Solutions Provider
BALTIMORE
March 17, 2009

Algeco Scotsman, a leading global business services provider focused on modular space and storage solutions, today announced the appointment of Duncan Gillis as chief operating officer and president of the company.

The appointment reaffirms the company's commitment to broaden and strengthen the global management team. In this newly created position, Gillis will report to Gerry Holthaus, chairman and chief executive officer of Algeco Scotsman, and be based in Baltimore, the global corporate headquarters of Algeco Scotsman.

"As a multi-national business with operations in 20 countries throughout Europe and North America, it is imperative to have an executive dedicated to leveraging our scale and skill sets across the company," said Gerry Holthaus, chairman and chief executive officer of Algeco Scotsman.

As chief operating officer of Algeco Scotsman, Gillis will be responsible for guiding the implementation of streamlined processes and operating efficiencies across the organization. His primary focus will be on branch and depot operations, sales and marketing, procurement, and achievement of Algeco Scotsman's worldwide process effectiveness initiatives. Additionally, Gillis will oversee the company's continuing investments in sustainable product solutions and customer care programs.

"When we brought together the European and North American businesses in October 2007, we envisioned integrating a chief operating officer within our global management group and Duncan is extremely well-suited to that task," said Holthaus. "His operations, sales and marketing, team leadership, and international experience will strengthen Algeco Scotsman's ability to meet growth goals and achieve continued success."

Prior to joining Algeco Scotsman, Gillis held several positions with United Technologies Corporation (UTC), including president of the Global Security Products Group, which included North America and European operations, and president of Carrier's Asia-Pacific Region while based in Singapore. Prior to his tenure at UTC, Gillis held positions with Procter & Gamble and McKinsey & Company. Gillis earned a bachelor's degree from Cornell University, after which he served as an infantry officer in the U.S. Army before returning for his master's degree in business administration from Cornell.

"I was attracted to Algeco Scotsman for a variety of reasons, particularly the company's reputation for exceptional customer service, effective business operations management, and consistent product innovation," said Gillis. "The company has achieved and sustained a well-earned leadership position, maintaining its solid standing throughout economic cycles. The diversity of the customer base and geographic footprint provides some resiliency in the current economic climate. I'm delighted to join this well-established company and help guide the organization through today's marketplace as well as lay a foundation for the future."

Williams Scotsman and Skanska Sign Agreement to Improve Sustainability on Construction Job Sites with Green Modular Offices

BALTIMORE
PARSIPANNY, NJ

February 10, 2009

Williams Scotsman, the leading provider of modular space and storage solutions in North America, and Skanska USA Building Inc., have joined together to provide new sustainable modular offices to construction sites across the nation.

Sustainable business practices have been top of mind for the construction industry for several years as evidenced by the dramatic increase in application of the United States Green Building Council's (USGBC) Leadership in Energy and Environmental Design (LEED) Green Building Rating System™. However, modular space has been overlooked when it comes to sustainable design. The sustainable units will provide Skanska with an additional tool for lowering the environmental impact of construction.

"Our new sustainable line demonstrates job site innovation and may afford project teams the opportunity to obtain additional innovation and design points, making a higher level of LEED certification achievable," said Michele Cunningham, vice president of marketing and business development for Williams Scotsman.

The companies signed a strategic supplier agreement that affords Skanska's U.S. operation the opportunity to lease or purchase one of three sustainable mobile office models developed by Williams Scotsman. The sustainable line is comprised of refurbished offices from Williams Scotsman's existing fleet for the light and mid- green models, complemented by newly constructed units for the dark green option. Williams Scotsman recently supplied light green units to Skanska and its subcontractors on a project site for a technology company. Skanska also sourced mid-green units for jobsites at Virginia Tech University and a large detention center project.

"Improving the sustainability of the temporary space on our jobsites is an important part of Skanska's overall commitment to green building," Elizabeth Heider, senior vice president of sustainability for Skanska. "The collaboration with Williams Scotsman resulted in an innovative and flexible product portfolio that enables us to reduce our impact regardless of project scope or scale. Together, we were able to prove that we can work green while we build green."

The three-pronged portfolio provides flexibility for jobsites with different requirements:

  • The light green unit, utilizes an existing mobile office retrofitted to include eco-minded elements, such as energy efficient light bulbs, motion sensors, weather stripping, caulk, and programmable thermostats, among others.
  • The mid-green unit, is based on the same structural framework but includes energy-efficient HVAC units, eco-minded finishes, and other system enhancements.
  • The dark green concept, includes all the light and mid-green options as well as an eco-minded interior and exterior design and framework. Composting systems and self-sustaining renewable resource systems maximize energy efficiency in the units.

"We understand the importance of balancing environmental imperatives with customer needs and as such we developed a product line that makes green modular offices a viable option for the construction sector," said Cunningham. "Skanska has a strong track record of focus on sustainability, and we are delighted to further their commitment by providing green modular offices for projects across the country."

Williams Scotsman collaborated with Hord Coplan Macht, an architectural design firm in Baltimore, to create the sustainable units. For more information on the new sustainable product line or to read a white paper about best practices in sustainable modular design, go to www.willscot.com/green. For more information about Skanska's green building initiatives, visit http://skanska.com/en/About-Skanska/Sustainability/.

AS’s Williams Scotsman subsidiaries serves customers in:
* The United States and Canada as William Scotsman.
* Mexico as Williams Scotsman de Mexico, SA de CV.
Target Logistics, a subsidiary of Algeco Scotsman, serves customers in North America.
Portacom, a subsidiary of Algeco Scotsman, serves customers in New Zealand.
Hawaii Modular Space, a subsidiary of AS’s Williams Scotsman operation, serves customers in the Hawaiian Islands.
Eurobras, a subsidiary of Algeco Scotsman, serves customers in Latin America.
Elliott, a subsidiary of AS’s Algeco operation, serves customers in the United Kingdom.
Ausco Modular, a subsidiary of Algeco Scotsman, serves customers in Australia.
AS’s Algeco subsidiary serves customers in continental Europe.
A Sino-foreign equity joint venture company established by Algeco Scotsman and Beijing Chengdong international Modular Housing Co., Ltd.
ALGECO SCOTSMAN WORLDWIDE CORPORATE CENTER:
901 S Bond Street Suite 600, Baltimore, MD 21231 (USA) +1.410 931 6000