M&A Deal Summary

WillScot Mobile Mini Acquires McGrath Rent

On January 29, 2024, WillScot Mobile Mini acquired business services company McGrath Rent for 3.8B USD

Acquisition Highlights
  • This is WillScot Mobile Mini’s 1st transaction in the Business Services sector.
  • This is WillScot Mobile Mini’s largest (disclosed) transaction.
  • This is WillScot Mobile Mini’s 1st transaction in the United States.
  • This is WillScot Mobile Mini’s 1st transaction in California.

M&A Deal Summary

Date 2024-01-29
Target McGrath Rent
Sector Business Services
Buyer(s) WillScot Mobile Mini
Deal Type Add-on Acquisition
Deal Value 3.8B USD
Advisor(s) Goldman Sachs (Financial)
Morrison & Foerster (Legal)

Target

McGrath Rent

Livermore, California, United States
website
McGrath Rent is a business-to-business rental company offers electronic test equipment rental solutions. McGrath Rent was founded in 1979 and is based in Livermore, California.

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Buyer(S) 1

Buyer

WillScot Mobile Mini

Phoenix, Arizona, United States

website


Category Company
Sector Real Estate
Revenue 1.9B USD (2021)
DESCRIPTION

WillScot Mobile Mini provides workspace and portable storage solutions by leasing modular space and portable storage units to customers. The company had approximately 390,000 total units, which included 162,000 modular space units; 213,000 portable storage units; 13,000 tank and pump units. WillScot Mobile Mini was formed in 2017 and is based in Phoenix, Arizona.


DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-13 Mobile Mini

Stockton-on-Tees, United Kingdom

Mobile Mini provides portable storage and accommodation services with a national network of 15 sites with over 40,000 portable units which provide site accommodation and secure storage solutions to approximately 17,300 customers including construction companies, retailers, manufacturers, hospitals, schools, utility companies, distributors, local and national government, hotels, restaurants, entertainment, and shopping complexes and individual households to name but a few. Mobile Mini was formed in 1983 and is based in Stockton-on-Tees, United Kingdom.

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