WillScot Mobile Mini to Acquire McGrath RentCorp for $3.8 Billion

WillScot Mobile Mini Acquires Three Regional Storage Companies

September 20, 2021

Logistics & Distribution

WillScot Mobile Mini Holdings Corp. acquired American Mobile Leasing, Equipe Container Services, Inc. (d/b/a Moveable Container Storage / MCS), and Saf-T-Box, LP, adding about 11,000 portable storage units to its U.S. fleet. The transactions were funded with cash on hand and borrowings under the company’s revolving credit facility and are intended to expand WillScot Mobile Mini’s market presence, fleet availability, and service capabilities across key U.S. regions.

WillScot Mobile Mini Acquires Storstac Inc.

April 11, 2022

Real Estate

WillScot Mobile Mini Holdings Corp. (Nasdaq: WSC) has closed the acquisition of Canadian storage services provider Storstac Inc., funded with cash on hand and borrowings under its revolving credit facility. The purchase adds more than 1,100 storage units to WillScot Mobile Mini's footprint in the greater Toronto area and strengthens its rental operations and local capabilities.

WillScot Mobile Mini Acquires Elite Modular Leasing and Sales, Inc.

May 16, 2022

Building Products

WillScot Mobile Mini Holdings Corp. acquired Elite Modular Leasing and Sales, Inc., adding approximately 900 modular units to its California operations. The deal, funded with cash on hand and borrowings under the company's revolving credit agreement, expands WillScot's presence in California and strengthens its capabilities serving the public education sector.

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.

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.

WillScot Mobile Mini Acquires A&M Cold Storage and Cold Box

August 10, 2023

Logistics & Distribution

WillScot Mobile Mini Holdings Corp. has acquired A&M Cold Storage (Ohio) and Cold Box (California), expanding its temporary cold storage and refrigerated-container capabilities. The acquisitions add roughly 3,500 climate-controlled containers, walk-in freezers, and refrigerated trailers to WillScot’s fleet and strengthen its service offering for temperature-sensitive end markets.