WillScot partners with Penske Entertainment to provide temporary space solutions at INDYCAR events from 2025 to 2027.
Quiver AI Summary
WillScot Holdings Corporation announced a partnership with Penske Entertainment Corp. to serve as the official provider of temporary space solutions for the NTT INDYCAR SERIES and Indianapolis Motor Speedway (IMS) through the 2025 to 2027 seasons. This collaboration will supply a range of turnkey solutions, including mobile offices, storage containers, and climate-controlled units at various race events. Tim Boswell, WillScot's President and COO, highlighted the company's capability to enhance efficiency and safety for large-scale events while improving the fan experience. Penske Entertainment's President and CEO, Mark Miles, welcomed WillScot, emphasizing the importance of these solutions for delivering exceptional experiences to fans. The partnership reflects WillScot's commitment to serving various industries, including professional events.
Potential Positives
- WillScot has secured a significant partnership with Penske Entertainment Corp., becoming the official supplier of temporary space solutions for prominent events in the NTT INDYCAR SERIES and Indianapolis Motor Speedway for three consecutive seasons.
- This collaboration elevates WillScot's visibility and brand presence in the professional events sector, a market that demands reliable and efficient space solutions.
- The partnership underscores WillScot's commitment to providing innovative solutions that enhance customer operations and improve fan experiences at major sporting events.
- By participating in high-profile events like the Indianapolis 500, WillScot has the opportunity to demonstrate its extensive range of products and services to a large audience, potentially attracting new customers and expanding its market reach.
Potential Negatives
- Engaging in a high-profile partnership like this could raise expectations for performance and innovation, creating pressure on WillScot to deliver, which may not align with their operational capabilities or market conditions.
- The announcement does not address potential financial implications or risks associated with this partnership, leaving stakeholders uncertain about the impact on the company's bottom line.
- By focusing on a partnership with a specific event series, there may be concerns about potential over-dependence on a single client or market segment, which could pose risks if circumstances change.
FAQ
What is the partnership between WillScot and Penske Entertainment?
WillScot is collaborating with Penske Entertainment Corp. to provide temporary space solutions for the NTT INDYCAR SERIES and IMS events from 2025 to 2027.
What services will WillScot provide for INDYCAR events?
WillScot will supply mobile offices, storage containers, climate-controlled storage, clearspan structures, and perimeter solutions for race events.
How long is the partnership between WillScot and INDYCAR?
The partnership between WillScot and Penske Entertainment will last for the 2025, 2026, and 2027 racing seasons.
What is WillScot's role in the professional events sector?
WillScot is committed to delivering turnkey space solutions that help enhance safety, efficiency, and fan experience at large-scale events.
Where can I find more information about WillScot?
Additional information about WillScot and its services can be found on their official website at www.willscot.com.
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 Congressional Stock Trading
Members of Congress have traded $WSC stock 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $WSC stock by members of Congress over the last 6 months:
- REPRESENTATIVE ROBERT BRESNAHAN sold up to $15,000 on 01/13.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$WSC Insider Trading Activity
$WSC insiders have traded $WSC stock on the open market 11 times in the past 6 months. Of those trades, 7 have been purchases and 4 have been sales.
Here’s a breakdown of recent trading of $WSC stock by insiders over the last 6 months:
- ERIK OLSSON has made 1 purchase buying 5,000 shares for an estimated $176,699 and 1 sale selling 110,307 shares for an estimated $3,329,991.
- HEZRON T. LOPEZ (EVP, CLO, CCO & ESG) sold 20,000 shares for an estimated $787,600
- SALLY J SHANKS (Chief Accounting Officer) sold 14,059 shares for an estimated $487,681
- BRADLEY LEE SOULTZ (Chief Executive Officer) has made 2 purchases buying 15,000 shares for an estimated $464,437 and 0 sales.
- TIMOTHY D BOSWELL (President & COO) has made 2 purchases buying 10,000 shares for an estimated $317,032 and 0 sales.
- GERARD E HOLTHAUS purchased 5,000 shares for an estimated $174,955
- JEFFREY SAGANSKY purchased 5,000 shares for an estimated $171,525
- 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 188 institutional investors add shares of $WSC stock to their portfolio, and 244 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BLACKROCK, INC. added 13,608,666 shares (+164.3%) to their portfolio in Q1 2025, for an estimated $378,320,914
- BOSTON PARTNERS removed 8,127,029 shares (-99.4%) from their portfolio in Q4 2024, for an estimated $271,849,120
- PRICE T ROWE ASSOCIATES INC /MD/ removed 7,410,481 shares (-53.6%) from their portfolio in Q4 2024, for an estimated $247,880,589
- BAILLIE GIFFORD & CO added 5,229,918 shares (+inf%) to their portfolio in Q1 2025, for an estimated $145,391,720
- FRANKLIN RESOURCES INC added 2,639,559 shares (+34.4%) to their portfolio in Q4 2024, for an estimated $88,293,248
- DF DENT & CO INC removed 2,580,128 shares (-87.8%) from their portfolio in Q4 2024, for an estimated $86,305,281
- MACQUARIE GROUP LTD removed 2,556,587 shares (-86.3%) from their portfolio in Q4 2024, for an estimated $85,517,835
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$WSC Analyst Ratings
Wall Street analysts have issued reports on $WSC in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Morgan Stanley issued a "Overweight" rating on 04/16/2025
To track analyst ratings and price targets for $WSC, check out Quiver Quantitative's $WSC forecast page.
Full Release
PHOENIX, May 07, 2025 (GLOBE NEWSWIRE) -- WillScot Holdings Corporation (“WillScot” or the “Company”) (Nasdaq: WSC), a leader in innovative temporary space solutions, announced its collaboration with Penske Entertainment Corp. to become an official partner of INDYCAR and Indianapolis Motor Speedway (IMS), providing temporary turnkey space solutions including mobile offices, storage containers, climate-controlled storage, clearspan structures and perimeter solutions for use at race events throughout the NTT INDYCAR SERIES and IMS for 2025, 2026 and 2027 seasons. A video highlighting the unique partnership with WillScot can be viewed here .
Tim Boswell, President and Chief Operating Officer, commented, “We are uniquely positioned to provide all the turnkey space solutions needed at large-scale events like these, and are thrilled to partner with Penske Entertainment Corp. as the preferred supplier during the NTT INDYCAR SERIES and IMS races.” Boswell added, “This partnership emphasizes WillScot’s ongoing commitment to delivering turnkey space solutions across many industries, including the professional events sector, that help customers operate more efficiently, safely, and profitably while delivering an excellent fan experience.”
Penske Entertainment Corp., a subsidiary of Penske Corporation, owns IMS, the NTT INDYCAR SERIES and IMS Productions. IMS has hosted the world’s largest single-day sporting event – the Indianapolis 500 Mile Race – for more than 100 years. The venue has also hosted NASCAR, Formula One and other racing series events throughout its storied history. The NTT INDYCAR SERIES continues to be the premier open-wheel racing series in North America and is one of the most competitive championships in the world. IMS Productions is a leading video services and production company.
“We are pleased to welcome WillScot to the NTT INDYCAR SERIES,” Penske Entertainment Corp. President and CEO Mark Miles said. “Whether at Indianapolis Motor Speedway or traveling to other race venues, turnkey space solutions ensure we can offer our fans the best experiences possible.”
The next event for the NTT INDYCAR SERIES is the Sonsio Grand Prix on the road course at IMS. Live coverage begins at 4:30 p.m. ET on FOX. Live coverage of the 109 th Running of the Indianapolis 500 presented by Gainbridge will begin at 10 a.m. ET on Sunday, May 25.
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 and Where to Find It
Additional information can be found on the company's website at www.willscot.com .
Contact Information
Media inquiries:
Juliana Welling
[email protected]
Investor inquiries:
Charlie Wohlhuter
[email protected]
