Announced
Completed
Financials
Sources
Tags
Single Bidder
Cross Border
Friendly
Completed
Majority
environmental services
Private
Acquisition
Canada
Environmental / Waste Management
Synopsis
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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