Algeco Scotsman Group Moves Corporate Office to Baltimores Harbor

BALTIMORE, MD -- (Marketwire) -- 02/07/12 -- Algeco Scotsman Group, a leading global business services company focused on modular space and storage solutions, today announced it has relocated its corporate office and its U.S. operating company Williams Scotsman, from White Marsh, Maryland to the City of Baltimore.

"Moving our corporate office from our current suburban setting to the city will serve us well long-term. As we expand our business this new location will help us continue to attract talented people who want to live and work in a vibrant, affordable city. The Baltimore Harbor location also provides a more contemporary location in line with our company culture. Finally, as a global organization we often host international visitors and therefore the relocation provides us with easier access to the expected amenities," said Duncan Gillis, chief executive officer of Algeco Scotsman. "Were excited to help lead the citys revitalization efforts."

Nearly 200 Algeco Scotsman employees now occupy more than 30,000 square feet of space in the Bond Street Wharf building located at 901 South Bond Street. Algeco Scotsman and its affiliates hold leading market positions in over 20 countries across 4 continents. The company recently announced its expansion into South America with the acquisition of the Eurobras Group, the number one provider of modular space and storage solutions in Brazil. Late last year, Algeco Scotsman incorporated affiliates Ausco and Portacom into their portfolio, the leading providers of modular buildings in Australia and New Zealand, respectively.

"I welcome Algeco Scotsman and their employees to Fells Point," said Baltimore mayor Stephanie Rawlings-Blake. "Algeco Scotsmans move into Baltimore is an example of how our city is a perfect fit for dynamic and expanding businesses."

Baltimore Development Corporation president M.J. "Jay" Brodie added, "BDC strives to grow Baltimore Citys economy through the attraction of businesses such as Algeco Scotsman. We are delighted about their decision to relocate to Baltimore."

Michael S. Beatty, president of Harbor East Development Group, commented, "We are very excited to welcome Algeco Scotsman to their new home in Bond Street Wharf. This is another demonstration of Baltimores ability to attract suburban -- and in this case, international -- office tenants to our vibrant, expanding downtown." Cassidy Turley brokers David Downey and Brian Wyatt represented Algeco Scotsman in the lease transaction.

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, Algeco in Continental Europe, Elliott in the United Kingdom, and Eurobras in South America, the company manages a fleet of more than 300,000 units, with operations or affiliates in Australia, Austria, Belgium, Brazil, Canada, China, Czech Republic, Estonia, Finland, France, Germany, Hungary, Italy, Lithuania, Luxembourg, Mexico, Netherlands, New Zealand, Poland, Portugal, Romania, Russia, Slovakia, Slovenia, Spain, Sweden, United Arab Emirates, United Kingdom and United States. The companys reputation is grounded in exceptional customer service, effective management of business operations, and consistent product innovation. Algeco Scotsmans global presence combined with its local market expertise provides exemplary service tailored to meet the unique needs of customers throughout the world.

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