WillScot Mobile Mini and McGrath RentCorp abandon $3.8bn deal after facing regulatory challenges

WillScot Mobile Mini and McGrath RentCorp abandon $3.8bn deal after facing regulatory challenges

In a sudden turn of events, WillScot Mobile Mini Holdings Corp and McGrath RentCorp have officially terminated their highly anticipated $3.8 billion merger deal. The decision was driven by the companies’ inability to secure approval from U.S. regulators, marking a dramatic end to one of the most significant acquisition attempts in the portable storage and […]

WillScot Mobile Mini to acquire McGrath RentCorp for $3.8bn in strategic expansion

WillScot Mobile Mini to acquire McGrath RentCorp for $3.8bn in strategic expansion

WillScot Mobile Mini Holdings Corp., a leader in innovative temporary space solutions, has entered into a definitive agreement to acquire McGrath RentCorp, a top business-to-business rental company. This acquisition, valued at an enterprise value of $3.8 billion, is a strategic move to enhance WillScot Mobile Mini’s position in the North American market for turnkey space […]

Ironclad acquires waste containment solutions provider Adler Tank Rentals

Ironclad acquires waste containment solutions provider Adler Tank Rentals

Ironclad Environmental Solutions, a Kinderhook Industries portfolio company, has acquired US-based waste containment solutions provider Adler Tank Rentals from McGrath RentCorp for $265 million in cash. With the acquisition, Ironclad Environmental Solutions anticipates to create a national platform for providing specialty waste management, transport, and containment solutions. Ironclad Environmental Solutions also hopes to increase its […]

McGrath RentCorp acquires modular space solutions company Vesta Modular

McGrath RentCorp acquires modular space solutions company Vesta Modular

McGrath RentCorp, a business-to-business rental company in North America, has acquired modular space solutions company Vesta Modular from Kinderhook Industries in an all-cash transaction valued at approximately $400 million. With the acquisition, McGrath RentCorp anticipates to increase its longer-term financial profile, mobile modular business footprint, reach to new customers, and proportion of longer-term rental revenue […]