M&A Deal Summary

WillScot Acquires McGrath Rent

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

Acquisition Highlights
  • This is WillScot’s 4th transaction in the Business Services sector.
  • This is WillScot’s largest (disclosed) transaction.
  • This is WillScot’s 9th transaction in the United States.
  • This is WillScot’s 2nd transaction in California.

M&A Deal Summary

Date 2024-01-29
Target McGrath Rent
Sector Business Services
Buyer(s) WillScot
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
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

Phoenix, Arizona, United States

Category Company
Founded 1944
Sector Business Services
Employees4,500
Revenue 2.4B USD (2024)
DESCRIPTION

WillScot is a specialty modular space and portable storage rental solutions across North America. The company is the modular space supplier of choice for the construction, education, health care, government, retail, commercial, transportation, security and energy sectors. WillScot was founded in 1944 and is headquartered in Phoenix, Arizona.


DEAL STATS #
Overall 10 of 10
Sector: Business Services M&A 4 of 4
Type: Add-on Acquisition M&A Deals 9 of 9
State: California M&A 2 of 2
Country: United States M&A 9 of 9
Year: 2024 M&A 1 of 1
Size (of disclosed) 1 of 3
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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