M&A Deal Summary

Ironclad Environmental Acquires Adler Tank Rentals

On February 1, 2023, Ironclad Environmental acquired packaging company Adler Tank Rentals from McGrath Rent for 265M USD

Acquisition Highlights
  • This is Ironclad Environmental’s 1st transaction in the Packaging sector.
  • This is Ironclad Environmental’s largest (disclosed) transaction.
  • This is Ironclad Environmental’s 1st transaction in the United States.
  • This is Ironclad Environmental’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2023-02-01
Target Adler Tank Rentals
Sector Packaging
Buyer(s) Ironclad Environmental
Sellers(s) McGrath Rent
Deal Type Divestiture
Deal Value 265M USD

Target

Adler Tank Rentals

Newark, New Jersey, United States
Adler Tank Rentals is a provider of liquid and solid containment solutions for the storage of hazardous and non-hazardous waste. Adler rents temporary storage tanks and containers used in energy, environmental, industrial and construction applications across the U.S. Adler Tank Rentals is based in Newark, New Jersey.

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Buyer(S) 1

Buyer

Ironclad Environmental

Baytown, Texas, United States
Category Company
Founded 1983
Sector Environmental
DESCRIPTION

Ironclad Environmental is a provider of specialty waste management solutions and temporary storage and containment equipment for hazardous and non-hazardous waste. Ironclad Environmental was formed in 1983 and is based in Baytown, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Packaging) 1 of 1
Type (Divestiture) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

McGrath Rent

Livermore, California, United States
Category Company
Founded 1979
Sector Business Services
Employees911
DESCRIPTION

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.

DEAL STATS #
Overall 1 of 1
Sector (Packaging) 1 of 1
Type (Divestiture) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-01 VESTA Modular

Southfield, Michigan, United States

VESTA Modular is a provider of temporary and permanent modular space solutions across a diverse base of end markets and applications. VESTA Modular operates two divisions modular space leasing whereby it leases units from its owned fleet of over 6,000 units to customers across a range of end markets and modular project installation whereby it facilitates the design, construction, and installation of modular spaces.VESTA Modular was founded in 2014 and is based in Southfield, Michigan.

Buy $400M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-03 Dixie

North Charleston, South Carolina, United States

Dixie is a provider of portable storage solutions in the South Carolina market.

Buy -
Mergr

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