News Details

FOR IMMEDIATE RELEASE

Large independent U.S. crude oil and natural gas company signs deal for lodging

THE WOODLANDS, TEXAS – April 10, 2014 – Target Logistics, a global provider of workforce housing and one of the largest operators of turnkey solutions in North America, announced today that it has been awarded a nearly $30 million contract over the next three years. The company will provide workforce housing in the Bakken shale to one of the largest independent (non-integrated) crude oil and natural gas companies in the United States.

“Fueled by double-digit, oil-weighted production growth, this exploration and production pioneer turned to us for a well-organized, upgraded housing solution,” says Target Logistics President and Chief Operating Officer Brad Archer. “Offering high-quality accommodations helps retain workers who may struggle with the challenges of living in a remote location, away from home or family. Too, it can substantially increase profitability, boost productivity, enhance morale, reduce turnover and improve safety.”

Target Logistics operates 16 properties in the United States and Canada with more than 5,300 total beds.

“With multiple choices in the marketplace, the selection of Target Logistics is witness to the quality of the services we provide,” says Archer. “Most employers don’t consider the ‘other 12 hours’ when their workforce is off the clock. With great food, superior comforts and turnkey services, we are working to advance the industry and the way the public views workforce housing.”

More about this can be found in a white paper titled “Workforce Housing as a Recruitment and Retention Strategy: The Other 12 Hours.” It can be downloaded for free at: Workforce Housing as a Recruitment and Retention Strategy

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This media release may contain forward-looking statements, which reflect Algeco Scotsman’s expectations regarding its future operational and financial performance. Although any forward-looking statements contained in this media release reflect management’s current beliefs based upon information currently available to management and upon assumptions which management believes to be reasonable, actual results may differ materially from those stated in or implied by these forward-looking statements. A number of factors could cause actual results, performance or achievements to differ materially from the results expressed or implied in any forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on any forward-looking statements. Except as required by law, Algeco Scotsman undertakes no obligation, and specifically declines any obligation, to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

About Target Logistics

Target Logistics, an Algeco Scotsman company, is a global provider of workforce housing and one of the largest operators of turnkey solutions in North America. It operates in some of the world’s most remote environments supporting oil, gas, mining and construction operations, government agencies, disaster relief and large-scale events with temporary workforce lodging, mobile crew camps and extended-stay hotels. Target Logistics was named by Inc. magazine in 2012 and 2013 as one of “America’s Fastest Growing Private Companies.” Visit www.targetlogistics.net or call (800) 832-4242.

About Algeco Scotsman

Algeco Scotsman is the leading global business services provider focused on modular space, secure portable storage solutions, and remote workforce accommodation management. Headquartered in Baltimore, Algeco Scotsman has operations in 37 countries with a modular fleet of approximately 303,000 units. The company operates as Williams Scotsman in North America, Algeco in Continental Europe, Elliott in the United Kingdom, Eurobras in Brazil, Ausco in Australia, Portacom in New Zealand and Target Logistics globally.