Williams Scotsman Inc., a Baltimore-based mobile and modular space provider, acquired two modular space companies for more than $42 million.
The local business has purchased the assets of Honolulu-based Hawaii Modular Space and its sister company, Alaska Modular Space. If the two purchased companies meet certain incentives, Scotsman will owe up to an additional $3 million for the transaction, a release stated.
Assets acquired in the transaction include about 1,300 mobile offices, storage containers, classrooms and custom modular units.
As of Monday, shares of Scotsman were trading at $19.72, down 10 cents or 0.5 percent.
