SOURCE: Algeco Scotsman

Algeco Scotsman

April 02, 2014 16:29 ET

Algeco Scotsman Announces Management Changes

Global Workforce Housing Provider, Target Logistics, Names J. Brad Archer as President

THE WOODLANDS, TX--(Marketwired - Apr 2, 2014) - Target Logistics Management, LLC ("Target Logistics"), an Algeco Scotsman company, today announced that, effective April 1, 2014, J. Brad Archer has been promoted to the position of President and Chief Operating Officer of Target Logistics. Brian S. Lash, Target Logistics' former Chief Executive Officer, continues in a non-executive capacity as Chairman of Target Logistics.

"This change is a testament to the strong team that Brian has built. Brad has been instrumental in the development of Target Logistics. I am delighted to have him now lead all aspects of this Strategic Business Unit and continue to build Target's reputation as the preeminent provider of turnkey workforce housing," said Algeco Scotsman President and CEO Jean-Marc Germain.

Archer had been responsible for the design, construction and operation of site locations, in addition to business development, for Target Logistics. He began his career in 1991 as Regional Manager at Resun where he became Senior Vice President and helped the company grow from two to 48 offices. Archer next held management positions at two temporary and permanent modular manufacturers, before joining Target Logistics in 2010. He will continue to be based at Target Logistics' operations headquarters in Texas.

As Chairman, Lash will focus on business development in new geographic areas and industries. He will also continue to be a company and industry spokesperson promoting the benefits of remote workforce accommodations for employees and communities and promoting the superior offering and services of Target Logistics. "I am pleased to see Brian continue to spearhead the development of Target Logistics," said Germain.

Cautionary Notice Regarding Forward Looking Statements

This press 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 press 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 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.

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.