McGrath Rentcorp to acquire VESTA Modular from Kinderhook for $400m.

McGrath Rentcorp, a diversified business-to-business rental company, agreed to acquire VESTA Modular, a modular construction services and modular buildings company, from Kinderhook, an American private equity firm, for $400m. "Kinderhook is thrilled with this outcome for VESTA, its employees, and our limited partners. Our investment in VESTA highlights the key tenets of Kinderhook's investment strategy – partnering with world class management teams to create industry leading companies. We thank the VESTA team for their hard work over the past two years and look forward to the great accomplishments to come from the combined VESTA and McGrath teams," Rob Michalik, Kinderhook Managing Director.