McGrath RentCorp Acquires Dixie Temporary Storage (South Carolina)

McGrath RentCorp Acquires Assets of Inland Leasing and Storage

July 6, 2023

Logistics & Distribution

McGrath RentCorp acquired the assets of Inland Leasing and Storage, a regional provider of portable storage solutions in Colorado, adding approximately 600 portable storage assets to its operations. The acquisition was funded with borrowings from McGrath's revolving credit facility and is intended to increase regional density and market share in Colorado.

WillScot Mobile Mini to Acquire McGrath RentCorp for $3.8B

January 29, 2024

Industrial Services

WillScot Mobile Mini Holdings Corp. has entered into a definitive agreement to acquire McGrath RentCorp in a transaction valuing McGrath at an enterprise value of $3.8 billion. The deal combines two complementary temporary- and permanent-space solutions and rental platforms, creating a larger North American leader with expanded geographic coverage, projected synergies, and expected accretion to earnings within 12 months of closing.

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.

Rent-A-Container (Kinderhook) Acquires Stuff-It Storage

November 12, 2024

Logistics & Distribution

Rent-A-Container, a portfolio company of Kinderhook Industries, has acquired Stuff-It Storage, a portable storage container and container office provider based in Springfield, Illinois. The deal marks RAC's 10th branch location and expands its Midwest footprint; Stuff‑It founder Harvey Horton will remain with RAC post-close to support growth.

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.

Briarwood Partners Acquires Dixie Cullen Interests

June 7, 2023

Industrial Services

Briarwood Partners, a Houston-based private investment firm, has acquired Dixie Cullen Interests (DCI), a Houston-based industrial storage and heavy-equipment handling company. The deal closed on June 7, 2023 and represents Briarwood's third platform investment as it builds a portfolio in industrial services, logistics and related businesses.