McGrath RentCorp Acquires Assets of Inland Leasing and Storage

Inland Truck & Equipment Acquires Edmonton Kenworth

April 2, 2026

Industrial Services

Inland Truck & Equipment Ltd. has acquired Edmonton Kenworth Ltd., effective April 1, 2026, entering Alberta with a new network of six locations across Northern Alberta. The acquisition expands Inland’s Western Canada footprint from British Columbia and the Yukon to Manitoba while supporting fleets that operate across provincial boundaries.

WillScot Mobile Mini to Acquire McGrath RentCorp for $3.8 Billion

January 29, 2024

Transportation

WillScot Mobile Mini Holdings entered into a definitive agreement to acquire McGrath RentCorp in an all-cash/stock transaction valued at $3.8 billion. The combined company is expected to enhance WillScot Mobile Mini’s position in North American turnkey space solutions through complementary footprints and increased cross-selling of value-added products and services.

Inland Real Estate Group to Acquire Majority Interest in Devon Self Storage

January 8, 2024

Real Estate

Inland Real Estate Group of Companies, Inc. announced an agreement to purchase a majority interest in Devon Self Storage Holdings (US) LLC, a privately owned national self-storage operator. The deal is intended to provide additional capital and infrastructure to support Devon’s growth plans, including expansion of its third-party management and development platform.

McGrath RentCorp Acquires Dixie Temporary Storage (South Carolina)

April 3, 2023

Industrial Services

McGrath RentCorp (Nasdaq: MGRC) acquired the assets of Dixie Temporary Storage, a regional provider of portable storage solutions in South Carolina, adding ~800 assets and a new branch to its portable storage operations. The transaction was financed with borrowings from McGrath’s revolving credit facility and is intended to expand McGrath’s regional presence in the South Carolina market.

McGrath RentCorp Acquires VESTA Modular; Adler Tank Rentals Sold to Ironclad

February 1, 2023

Construction

McGrath RentCorp acquired VESTA Modular from Kinderhook Industries for a cash purchase price of $400 million, expanding McGrath's modular leasing and construction capabilities and geographic footprint. Concurrently, McGrath sold Adler Tank Rentals to Ironclad Environmental Solutions (a Kinderhook portfolio company) for $265 million as part of a simultaneous transaction sequence that realigned assets between the parties.

McGrath RentCorp Acquires Kitchens To Go

April 9, 2021

Building Products

McGrath RentCorp (via its Mobile Modular division) has acquired Kitchens To Go, a provider of interim and permanent modular foodservice facilities. The acquisition, funded via McGrath's revolving credit facility, expands Mobile Modular's capability to offer temporary and customized commercial kitchen solutions nationally to education, healthcare, hospitality and commercial customers; financial terms were not disclosed.