MGRC - Mergers and acquisitions

McGrath RentCorp ("McGrath" or the "Company") (NASDAQ:MGRC), a leading business-to-business rental company in North America, today announced it has acquired the assets of Inland Leasing and Storage, a regional provider of portable storage solutions in the Colorado market. The transaction was funded with borrowings from McGrath's revolving credit facility. The acquisition adds approximately 600 assets to McGrath's portable storage operations in Colorado. "Our acquisition of Inland Leasing and Storage is highly complementary to our portable storage rental business," said Joe Hanna, President and CEO of McGrath. "Consistent with our ongoing capital deployment and geographic expansion strateg

McGrath RentCorp ("McGrath" or the "Company") (NASDAQ:MGRC), a leading business-to-business rental company in North America, today announced it has acquired the assets of Dixie Temporary Storage, a regional provider of portable storage solutions in the South Carolina market. The transaction was funded with borrowings from McGrath's revolving credit facility. The acquisition adds approximately 800 assets and a new branch location for McGrath's portable storage operations. "Our acquisition of Dixie Temporary Storage is highly complementary to our portable storage rental business," said Joe Hanna, President and CEO of McGrath. "Consistent with our ongoing capital deployment and geographic ex

McGrath RentCorp ("McGrath" or the "Company") (NASDAQ:MGRC), a leading business-to-business rental company in North America, today announced it has acquired the assets of Brekke Storage, a regional provider of portable storage solutions in the Colorado market. The transaction was funded with borrowings from McGrath's revolving credit facility. The acquisition adds approximately 2,700 assets and a new branch location for McGrath's portable storage operations. "The acquisition of Brekke Storage is highly complementary to our portable storage rental business," said Joe Hanna, President and CEO of McGrath. "Consistent with our ongoing capital deployment strategy, this opportunity provides us w

McGrath RentCorp today announced it has acquired the assets of Titan Storage Containers, LLC, a regional provider of portable storage solutions in the Texas market. The transaction was funded with borrowings from McGrath RentCorp's revolving credit facility. The acquisition adds approximately 1,100 assets to its existing Mobile Modular division fleet located in the Texas region. "Our acquisition of Titan Storage Containers is highly complementary to our portable storage rental business." said Joe Hanna, President and CEO of McGrath RentCorp. "Consistent with our ongoing capital deployment strategy, this opportunity provides us with additional high-quality fleet to serve the Texas market. W

McGrath RentCorp today announced it has acquired Kitchens To Go, a leader in both interim and permanent modular solutions for foodservice providers that require flexible facilities to continue or expand operations. The purchase will allow the Mobile Modular division of McGrath RentCorp to provide temporary and customized permanent foodservice facilities on a national level. The purchase of Kitchens To Go fits into Mobile Modular's product offering to expand capabilities to customers in education, commercial, healthcare, and hospitality industries that need flexible and comprehensive food service capabilities during expansions, renovations, new construction and disaster recovery. "Our acqu