Announced
Financials
Tags
United States
business-to-business rental
modular buildings
storage containers
electronic test equipment
Equipment Rental
Acquisition
Majority
Public
Pending
Single Bidder
Domestic
Friendly
Synopsis
WillScot Mobile Mini, a provider of innovative temporary space solutions, agreed to acquire McGrath RentCorp, a business-to-business rental company, for $3.8bn. "This combination provides McGrath customers and employees a platform for continued growth and success, while providing McGrath shareholders with immediate cash value as well as participation in the upside potential of the combined company. This transaction validates the strength of our business, the hard work and dedication of our team members and the valuable solutions McGrath provides to our customers. For more than 40 years, we have pursued a relentless customer-centric approach and we look forward to extending our ability to provide the solutions that our customers so highly value," Joseph Hanna, McGrath President and CEO.
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