Friday, July 18, 2008

Business: Algeco Scotsman appoints business development executive oversee expansion

Baltimore (BUSINESS WIRE) - Algeco Scotsman, the leading global provider of modular space and storage solutions, today announced the appointment of William Stokel to vice president of business development. In this newly created role, Stokel will assume global responsibilityfor coordinating all merger and acquisition activities for Algeco Scotsman in its current 19 countries of operation as well as new geographic markets.

"Algeco and Williams Scotsman individually demonstrated strong merger and acquisition capabilities prior to joining together to become Algeco Scotsman in 2007. With our union, we have significantly increased our growth prospects and expansion appetitive.

William's appointment ideally positions us to expedite a global expansion strategy," said Gerry Holthaus, chairman and chief executive officer of Algeco Scotsman.

As vice president of business development, Stokel will augment the company's existing footprint in North America and Europe and will be responsible for identifying acquisition targets in new markets. "While we will continue to focus on organic growth as a way to solidify our leadership position, we believe it's critical to establish dedicated resources to focus exclusively on merger and acquisition activities," Holthaus said.

"William's international experience of more than 25 years across multiple continents coupled with his company tenure make him the ideal candidate for this new role."

Prior to this appointment, Stokel served as general manager for William Scotsman's operations in Spain, where he was instrumental in the acquisition of Wiron Construcciones Modulares. Prior to joining Williams Scotsman, Stokel served as managing director for Goodyear companies in Great Britain, Spain and Turkey.

About Algeco Scotsman

Algeco Scotsman is a leading global business services provider focused on modular space and storage solutions.
Operating as Williams Scotsman in North America and Algeco in Europe, the group manages a fleet of more than 343,000 units, with operations in Belgium, Canada, The Czech Republic, Estonia, Finland, France, Germany, Italy, Lithuania, Luxembourg, Mexico, The Netherlands, Poland, Portugal, Romania, Slovakia, Spain, The United Kingdom and The United States. The company's legacy is grounded in its reputation for exceptional customer service, effective management of business operations and consistent product innovation. Algeco Scotsman's global presence combined with its local market expertise provides exemplary service tailored to meet the unique needs of customers throughout the world.

Algeco Scotsman
Robert C. Singer, 410-931-6108 Executive Vice President and
Chief Financial Officer

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