CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS
This prospectus and the documents incorporated by reference herein and therein may contain forward-looking statements within the meaning of Section 27A of the Securities Act, Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and the Private Securities Litigation Reform Act of 1995. The words “estimates,” “expects,” “anticipates,” “believes,” “forecasts,” “plans,” “intends,” “may,” “will,” “should,” “shall,” “outlook,” “guidance” and variations of these words and similar expressions identify forward-looking statements, which are generally not historical in nature and relate to expectations for future financial performance or business strategies or objectives.
Forward-looking statements are subject to a number of risks, uncertainties, assumptions and other important factors, many of which are outside our control, which could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Although we believe that these forward-looking statements are based on reasonable assumptions, we can give no assurance that any such forward-looking statement will materialize.
Important factors that may affect actual results or outcomes include, among others:
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our ability to successfully acquire and integrate new operations, including Mobile Mini (as defined below) and our conversion to its enterprise resource planning system, and to realize anticipated synergies from the Merger with Mobile Mini;
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operational, economic, political and regulatory risks;
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the effect of global or local economic conditions in the industries and markets in which the Company operates and any changes therein, including financial market conditions and levels of end market demand;
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the impact of the global pandemic related to COVID-19, including the financial condition of the Company’s customers and suppliers and employee health and safety;
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risks associated with cybersecurity and IT systems disruptions, including our ability to manage the business in the event a disaster shuts down our management information systems;
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effective management of our rental equipment;
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trade policies and changes in trade policies, including the imposition of tariffs, their enforcement and downstream consequences;
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our ability to effectively compete in the modular space, portable storage and tank and pump industries;
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our ability to effectively manage our credit risk, collect on our accounts receivable, and recover our rental equipment;
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our ability to effectively launch operations into new geographic markets and/or add other business unit operations in existing markets;
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the effect of changes in state building codes on our ability to remarket our buildings;
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foreign currency exchange rate exposure;
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fluctuations in interest rates and commodity prices;
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significant increases in raw material and labor costs;
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fluctuations in fuel costs or oil prices, a reduction in fuel supplies, or a sustained decline in oil prices;
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our reliance on third party manufacturers and suppliers;
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risks associated with labor relations, labor costs and labor disruptions;
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failure to retain key personnel;
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impairment of our goodwill, intangible assets and indefinite-life intangible assets;
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our ability to use our net operating loss carryforwards and other tax attributes;