WillScot Holdings Corporation has announced a major corporate reorganization through a multi-year network optimization initiative. The company will exit approximately 725 acres of leased real estate, representing 115 branch and drop lot locations—about 25% of its leased acreage. As part of the plan, WillScot will dispose of around 51,000 rental fleet units, with a net book value of up to $315 million, to facilitate these exits. The restructuring includes $41 million in accelerated depreciation of rental units and is expected to result in total disposal expenditures of $40 million to $50 million through 2029. The company anticipates incurring net cash costs of about $20 million in 2026, with the overall initiative projected to improve profitability starting in 2027.