WillScot Mobile Mini and McGrath RentCorp mutually terminated the $3.8bn deal.

WillScot Mobile Mini, a provider of innovative temporary space solutions, and McGrath RentCorp, a business-to-business rental company, mutually terminated the $3.8bn deal. “Modular and portable storage solutions is a dynamic industry and, as we move forward, we will continue to grow and succeed through our unrelenting commitment to putting the customer first. The proposed transaction was a recognition of the enormous value created by our talented employees. Now, our team is energized and ready to execute our standalone strategy, and I am proud of the focus and tenacity the McGrath team demonstrated throughout this process. I look forward to actively engaging with our customers, partners and the financial community as we showcase the strategy that will lead McGrath’s future success. Moreover, we have always been focused on generating shareholder value as demonstrated by 33 consecutive years of dividend return increases and remain dedicated to this important objective going forward," Joseph Hanna, McGrath President and Chief Executive Officer.