FLR - McGrath RentCorp: Still In Play Especially If Bullish On WillScot Mobile

2024-06-28 14:22:43 ET

Summary

• McGrath RentCorp is being acquired by WillScot Mobile Mini Holdings Corp. in a mixed cash and stock transaction, offering shareholders a premium.
• The merger will create a leading player in the North American turnkey space solutions industry, with significant revenue and rental units.
• The combined company is attractively priced compared to similar firms, offering potential upside for investors.

A lot can happen in a year and a half, give or take a month. That is approximately how long it has been since I last wrote about McGrath RentCorp ( MGRC ), a firm that describes itself as a diversified business to business rental company that runs out relocatable modular buildings, portable storage containers, and electronic test equipment. It was late January 2023 when I last delved into the business....

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