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