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New Deal


Announced

Completed

Ironclad Environmental Solutions completed the acquisition of Adler Tank Rentals from McGrath for $265m.

Financials

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Transaction Value£214m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Cross Border

Friendly

Completed

Majority

environmental services

Private

Acquisition

Canada

Environmental / Waste Management

Synopsis

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Ironclad Environmental Solutions, a company in liquid and wastewater treatment, storage, and disposal solutions, completed the acquisition of Adler Tank Rentals, an environment services company, from McGrath, a business-to-business rental company, for $265m. “Regarding the sale of Adler, I cannot say enough good things about the team and I know being part of Ironclad will open up additional opportunities for growth. The team has done a marvelous job running the business over the years and I want to extend a thank you to Stuart Porter and the entire Adler team for their exceptional work and dedication as a part of McGrath. We expect nothing but success for them under their new ownership structure,” Joe Hanna, McGrath President and CEO.

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