Algeco Scotsman Acquires Lamar Space, Inc.
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.