{"id":474376,"date":"2021-04-09T16:04:13","date_gmt":"2021-04-09T20:04:13","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=474376"},"modified":"2021-04-09T16:04:13","modified_gmt":"2021-04-09T20:04:13","slug":"mcgrath-rentcorp-acquires-modular-kitchen-rental-company","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/mcgrath-rentcorp-acquires-modular-kitchen-rental-company\/","title":{"rendered":"McGrath RentCorp Acquires Modular Kitchen Rental Company"},"content":{"rendered":"

<\/p>\n

McGrath RentCorp Acquires Modular Kitchen Rental Company <\/b><\/p>\n

LIVERMORE, Calif.–(BUSINESS WIRE<\/a>)–
\nMcGrath RentCorp today announced it has acquired Kitchens To Go, a leader in both interim and permanent modular solutions for foodservice providers that require flexible facilities to continue or expand operations. The purchase will allow the Mobile Modular division of McGrath RentCorp to provide temporary and customized permanent foodservice facilities on a national level.\n<\/p>\n

\nThe purchase of Kitchens To Go fits into Mobile Modular\u2019s product offering to expand capabilities to customers in education, commercial, healthcare, and hospitality industries that need flexible and comprehensive food service capabilities during expansions, renovations, new construction and disaster recovery.\n<\/p>\n

\n\u201cOur acquisition of Kitchens To Go is highly complementary to our modular building rental business,\u201d said Joe Hanna President and CEO of McGrath RentCorp. \u201cAs we expand our ability to provide solutions to our customers, there are opportunities for us to serve businesses that have a temporary facilities need with their food service projects. I am pleased to welcome the team at Kitchens To Go as they have deep knowledge of the industry and a wonderful culture that will fit well with us. We now have another product line that is a logical adjacency to our core business and we look forward to growing it together.\u201d\n<\/p>\n

\nThe transaction was funded with borrowings from McGrath RentCorp\u2019s revolving credit agreement. Financial terms of the transaction were not disclosed. At this time the impact of the acquisition is not expected to materially impact 2021 financial outlook.\n<\/p>\n

ABOUT MCGRATH RENTCORP<\/b><\/p>\n

\nFounded in 1979, McGrath RentCorp (Nasdaq: MGRC) is a diversified business-to-business rental company providing modular buildings, electronic test equipment, portable storage and tank containment solutions across the United States and other select North American regions. The Company\u2019s rental operations consist of four divisions: Mobile Modular rents and sells modular buildings to fulfill customers\u2019 temporary and permanent classroom and office space needs; TRS-RenTelco rents and sells electronic test equipment; Adler Tank Rentals rents and sells containment solutions for hazardous and nonhazardous liquids and solids; and Mobile Modular Portable Storage provides portable storage rental solutions. For more information on McGrath RentCorp and its operating units, please visit our websites:\n<\/p>\n

\nCorporate \u2013 www.mgrc.com
\n<\/a>
Modular Buildings \u2013 www.mobilemodular.com
\n<\/a>
Electronic Test Equipment \u2013 www.trsrentelco.com
\n<\/a>
Tanks and Boxes \u2013 www.adlertankrentals.com
\n<\/a>
Portable Storage \u2013 www.mobilemodularcontainers.com
\n<\/a>
School Facilities Manufacturing \u2013 www.enviroplex.com<\/a><\/p>\n

ABOUT KITCHENS TO GO<\/b><\/p>\n

\nInterim and Factory Built Foodservice Facilities \u2013 www.kitchenstogo.com<\/a><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210409005427\/en\/<\/a><\/span><\/p>\n

\nKeith E. Pratt
\n
EVP & Chief Financial Officer
\n
925-606-9200\n<\/p>\n

KEYWORDS:<\/b> United States North America California Illinois<\/p>\n

INDUSTRY KEYWORDS:<\/b> Retail Restaurant\/Bar Convenience Store Other Construction & Property Commercial Building & Real Estate Construction & Property Food\/Beverage<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

McGrath RentCorp Acquires Modular Kitchen Rental Company LIVERMORE, Calif.–(BUSINESS WIRE)– McGrath RentCorp today announced it has acquired Kitchens To Go, a leader in both interim and permanent modular solutions for foodservice providers that require flexible facilities to continue or expand operations. The purchase will allow the Mobile Modular division of McGrath RentCorp to provide temporary and customized permanent foodservice facilities on a national level. The purchase of Kitchens To Go fits into Mobile Modular\u2019s product offering to expand capabilities to customers in education, commercial, healthcare, and hospitality industries that need flexible and comprehensive food service capabilities during expansions, renovations, new construction and disaster recovery. \u201cOur acquisition of Kitchens To Go is highly complementary to our modular building rental business,\u201d said … <\/p>\n

Continue reading “McGrath RentCorp Acquires Modular Kitchen Rental Company”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-474376","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nMcGrath RentCorp Acquires Modular Kitchen Rental Company - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/mcgrath-rentcorp-acquires-modular-kitchen-rental-company\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"McGrath RentCorp Acquires Modular Kitchen Rental Company - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"McGrath RentCorp Acquires Modular Kitchen Rental Company LIVERMORE, Calif.–(BUSINESS WIRE)– McGrath RentCorp today announced it has acquired Kitchens To Go, a leader in both interim and permanent modular solutions for foodservice providers that require flexible facilities to continue or expand operations. The purchase will allow the Mobile Modular division of McGrath RentCorp to provide temporary and customized permanent foodservice facilities on a national level. The purchase of Kitchens To Go fits into Mobile Modular\u2019s product offering to expand capabilities to customers in education, commercial, healthcare, and hospitality industries that need flexible and comprehensive food service capabilities during expansions, renovations, new construction and disaster recovery. \u201cOur acquisition of Kitchens To Go is highly complementary to our modular building rental business,\u201d said … Continue reading "McGrath RentCorp Acquires Modular Kitchen Rental Company"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/mcgrath-rentcorp-acquires-modular-kitchen-rental-company\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-09T20:04:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20210409005427r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/mcgrath-rentcorp-acquires-modular-kitchen-rental-company\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/mcgrath-rentcorp-acquires-modular-kitchen-rental-company\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"McGrath RentCorp Acquires Modular Kitchen Rental Company\",\"datePublished\":\"2021-04-09T20:04:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/mcgrath-rentcorp-acquires-modular-kitchen-rental-company\\\/\"},\"wordCount\":466,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/mcgrath-rentcorp-acquires-modular-kitchen-rental-company\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20210409005427r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/mcgrath-rentcorp-acquires-modular-kitchen-rental-company\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/mcgrath-rentcorp-acquires-modular-kitchen-rental-company\\\/\",\"name\":\"McGrath RentCorp Acquires Modular Kitchen Rental Company - 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