WillScot Holdings is now the preferred temporary space provider for the Los Angeles Rams, providing a state-of-the-art practice facility.
Quiver AI Summary
WillScot Holdings Corporation has been named the preferred temporary space provider for the Los Angeles Rams following the completion of their new 65,000 square foot practice facility in Woodland Hills, California. Developed between February and August 2024, the facility was built using WillScot's modular structures and designed to meet the unique needs of the Rams organization, providing essential spaces such as coaches’ offices, training rooms, and locker areas. The rapid installation was completed in just two and a half months, allowing the Rams to utilize the facility for the 2024 season. Both companies expressed satisfaction with the partnership, emphasizing their commitment to supporting the community, particularly in light of ongoing recovery efforts from recent wildfires in the area.
Potential Positives
- WillScot has been designated as the preferred temporary space provider for the Los Angeles Rams, enhancing its visibility and reputation within the sports industry.
- The completion of the 65,000 square feet practice facility in just two and a half months demonstrates WillScot's efficiency and capability in managing large-scale projects.
- This partnership expands WillScot's relationship with the Rams, building on past collaboration and indicating a strong level of trust between the two organizations.
- WillScot's involvement in the new facility aligns with community support efforts, showcasing the company's commitment to social responsibility amidst local challenges.
Potential Negatives
- The press release acknowledges the ongoing wildfires in the LA community, which could reflect negatively on the local area and imply challenges for the company related to crisis management and community relations.
- The wording "devastating time for the broader LA community" may signal potential reputational risks for WillScot if their operations are viewed as out of touch with local struggles.
- Despite the positive focus on the collaboration with the Rams, there is a lack of mention regarding any tangible outcomes or new initiatives that WillScot might be implementing alongside this partnership, which could raise concerns about the effectiveness of their partnership strategy.
FAQ
What is the partnership between WillScot and the Los Angeles Rams?
WillScot is now the preferred temporary space provider for the Los Angeles Rams, providing a state-of-the-art practice facility.
When was the Los Angeles Rams' new practice facility completed?
The new practice facility was completed in August 2024 and is located in Woodland Hills, California.
What features does the Rams' practice facility include?
The facility includes coaches’ offices, meeting rooms, athletic training areas, locker rooms, and a media room, all designed for optimal functionality.
How quickly was the Rams' practice facility installed?
The installation of the facility was completed in just two and a half months to meet the 2024 season deadline.
What is WillScot's reputation in the temporary space industry?
WillScot has a strong reputation for quickly delivering large space projects, making them a trusted partner for the Rams.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$WSC Insider Trading Activity
$WSC insiders have traded $WSC stock on the open market 10 times in the past 6 months. Of those trades, 7 have been purchases and 3 have been sales.
Here’s a breakdown of recent trading of $WSC stock by insiders over the last 6 months:
- HEZRON T. LOPEZ (EVP, CLO, CCO & ESG) sold 20,000 shares for an estimated $787,600
- BRADLEY LEE SOULTZ (Chief Executive Officer) has made 3 purchases buying 15,000 shares for an estimated $553,792 and 0 sales.
- SALLY J SHANKS (Chief Accounting Officer) sold 14,059 shares for an estimated $487,681
- ERIK OLSSON purchased 5,000 shares for an estimated $176,699
- GERARD E HOLTHAUS purchased 5,000 shares for an estimated $174,955
- JEFFREY SAGANSKY purchased 5,000 shares for an estimated $171,525
- TIMOTHY D BOSWELL (President & CFO) purchased 5,000 shares for an estimated $171,319
- GRAEME PARKES (Chief Information Officer) sold 2,900 shares for an estimated $107,336
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$WSC Hedge Fund Activity
We have seen 173 institutional investors add shares of $WSC stock to their portfolio, and 232 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- PRICE T ROWE ASSOCIATES INC /MD/ added 4,713,523 shares (+51.7%) to their portfolio in Q3 2024, for an estimated $177,228,464
- BLACKROCK, INC. removed 3,123,231 shares (-27.6%) from their portfolio in Q3 2024, for an estimated $117,433,485
- TURTLE CREEK ASSET MANAGEMENT INC. added 2,901,605 shares (+inf%) to their portfolio in Q3 2024, for an estimated $109,100,348
- CAPITAL INTERNATIONAL INVESTORS added 2,824,348 shares (+178.1%) to their portfolio in Q3 2024, for an estimated $106,195,484
- FMR LLC removed 2,623,080 shares (-34.6%) from their portfolio in Q3 2024, for an estimated $98,627,808
- BAUPOST GROUP LLC/MA removed 2,470,000 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $92,872,000
- JPMORGAN CHASE & CO added 2,464,385 shares (+55.7%) to their portfolio in Q3 2024, for an estimated $92,660,876
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
PHOENIX and WOODLAND HILLS, Calif., Jan. 16, 2025 (GLOBE NEWSWIRE) -- WillScot Holdings Corporation (“WillScot” or the “Company”) (Nasdaq: WSC), a leader in innovative temporary space solutions, announced that it is now the preferred temporary space provider of the Los Angeles Rams, following the completion of the team’s state-of-the-art practice facility in Woodland Hills, comprised of 65,000 square feet of highly configured modular space. The site, which began development in February 2024 and was completed in August 2024, will continue to serve as the Los Angeles Rams temporary practice facility in Woodland Hills, CA.
The purposefully designed facility is constructed with WillScot’s prefabricated, relocatable structures. WillScot’s unrivaled design, engineering and installation experts worked closely with the Los Angeles Rams to create a space that delivers an optimal day-to-day experience for coaches, players and staff. A video highlighting the unique characteristics of the project can be viewed here .
Once plans for the facility were approved, WillScot teams from two local offices in Southern California mobilized units from its branch network, which manages approximately 135 million square feet of relocatable space on behalf of 85,000 customers across North America. WillScot configured the space to the Rams’ specifications and completed installation in just two and a half months in time for the 2024 season. From coaches’ offices and team meeting rooms outfitted with the latest technology, to specialized athletic training and recovery spaces, locker rooms, a media room and a meal room, the headquarters offer a dynamic and functional environment tailored to the unique needs of this championship organization.
“Since the Rams moved back home to Los Angeles in 2016, we have relied on WillScot to provide a variety of modular solutions for our team,” said Los Angeles Rams Vice President, Football & Business Administration Tony Pastoors. “WillScot has a reputation for handling large space projects and a proven track record of getting the job done quickly, so we knew they would be the right teammate for this job. We are pleased to have WillScot as a member of our family of partners and grateful to them for creating the space where our team can continue to work to bring another championship back to Los Angeles.”
Tim Boswell, WillScot’s President and Chief Operating Officer, commented, “We are thrilled to partner with the Los Angeles Rams to deliver the right space solution for this premier NFL franchise. The facility is truly impressive and representative of the unrivaled capabilities that we bring for our clients, following just a few months of close collaboration to understand, design, and meet the Rams’ unique requirements for the space, as well as the project timeline. After working with the Rams on their previous temporary office facility in Thousand Oaks in 2016, we appreciate the trust from the Rams to bring this new space and phase of our partnership to life.”
Boswell continued, “We recognize this is a particularly devastating time for the broader LA community, as our first responders work tirelessly to contain the wildfires and we all begin to assess the path to recovery. Through this new partnership, we’ll look to build on the Rams’ leadership position in the community, our longstanding relationships with disaster support organizations like the American Red Cross, and WillScot’s extensive history supporting disaster response efforts with our expertise in temporary facilities.”
About WillScot
Listed on the Nasdaq stock exchange under the ticker symbol “WSC,” WillScot is the premier provider of highly innovative and turnkey space solutions in North America. The Company’s comprehensive range of products includes modular office complexes, mobile offices, classrooms, temporary restrooms, portable storage containers, protective buildings and climate-controlled units, and clearspan structures, as well as a curated selection of furnishings, appliances, and other supplementary services, ensuring turnkey solutions for its customers. Headquartered in Phoenix, Arizona, and operating from a network of approximately 260 branch locations and additional drop lots across the United States, Canada, and Mexico, WillScot’s business services are essential for diverse customer segments spanning all sectors of the economy.
Additional information can be found on the company's website at www.willscot.com .
About Los Angeles Rams
The Los Angeles Rams – Los Angeles' original professional sports team and Super Bowl LVI Champions – stand as one of the oldest franchises in the National Football League and since its founding in 1937, have garnered four World Championships and sent 30 of its members to the Pro Football Hall of Fame. As a professional sports team, the organization is committed to be a valuable civic partner and serving the greater Los Angeles area 365 days a year. The Rams play their home games at SoFi Stadium, which is located at Hollywood Park, a 298-acre sports and entertainment destination owned, being developed and operated by Los Angeles Rams Owner/Chairman E. Stanley Kroenke in Inglewood, CA.
Contact Information
WillScot media inquiries:
Juliana Welling
[email protected]
Los Angeles Rams media inquiries:
Priya Bhambri
[email protected]
