{"id":768158,"date":"2023-07-06T16:13:54","date_gmt":"2023-07-06T20:13:54","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/mcgrath-acquires-colorado-based-container-rental-company-2\/"},"modified":"2023-07-06T16:13:54","modified_gmt":"2023-07-06T20:13:54","slug":"mcgrath-acquires-colorado-based-container-rental-company-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/mcgrath-acquires-colorado-based-container-rental-company-2\/","title":{"rendered":"McGrath Acquires Colorado-Based Container Rental Company"},"content":{"rendered":"

<\/p>\n

McGrath Acquires Colorado-Based Container Rental Company<\/b><\/p>\n

LIVERMORE, Calif.–(BUSINESS WIRE<\/a>)–McGrath RentCorp<\/b> (\u201cMcGrath\u201d or the \u201cCompany\u201d) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced it has acquired the assets of Inland Leasing and Storage, a regional provider of portable storage solutions in the Colorado market. The transaction was funded with borrowings from McGrath\u2019s revolving credit facility. The acquisition adds approximately 600 assets to McGrath\u2019s portable storage operations in Colorado.<\/p>\n

\n\u201cOur acquisition of Inland Leasing and Storage is highly complementary to our portable storage rental business,\u201d said Joe Hanna, President and CEO of McGrath. \u201cConsistent with our ongoing capital deployment and geographic expansion strategies, this opportunity provides us with accelerated regional density and a high-quality fleet to serve the Colorado market. We look forward to expanding our market share with a new set of customers.\u201d<\/p>\n

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

McGrath RentCorp<\/b> (Nasdaq: MGRC) is a leading business-to-business rental company in North America with a strong record of profitable business growth. Founded in 1979, McGrath\u2019s operations are centered on modular solutions through its Mobile Modular<\/b> and Mobile Modular Portable Storage <\/b>businesses. In addition, its TRS-RenTelco<\/b>business offers electronic test equipment rental solutions. The Company\u2019s rental product offerings and services are part of the circular supply economy, helping customers work more efficiently, and sustainably manage their environmental footprint. With over 40 years of experience, McGrath\u2019s success is driven by a focus on exceptional customer experiences. This focus has underpinned the Company\u2019s long-term financial success and supported over 30 consecutive years of annual dividend increases to shareholders, a rare distinction among publicly listed companies.<\/p>\n

\nHeadquartered in Livermore, California. Additional information about McGrath and its businesses is available at mgrc.com<\/a> and investors.mgrc.com<\/a>.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230706737115\/en\/<\/a><\/span><\/p>\n

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

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

INDUSTRY KEYWORDS:<\/b> Other Transport Trucking Transport Commercial Building & Real Estate Construction & Property<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
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McGrath Acquires Colorado-Based Container Rental Company LIVERMORE, Calif.–(BUSINESS WIRE)–McGrath RentCorp (\u201cMcGrath\u201d or the \u201cCompany\u201d) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced it has acquired the assets of Inland Leasing and Storage, a regional provider of portable storage solutions in the Colorado market. The transaction was funded with borrowings from McGrath\u2019s revolving credit facility. The acquisition adds approximately 600 assets to McGrath\u2019s portable storage operations in Colorado. \u201cOur acquisition of Inland Leasing and Storage is highly complementary to our portable storage rental business,\u201d said Joe Hanna, President and CEO of McGrath. \u201cConsistent with our ongoing capital deployment and geographic expansion strategies, this opportunity provides us with accelerated regional density and a high-quality fleet to serve the … <\/p>\n

Continue reading “McGrath Acquires Colorado-Based Container 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-768158","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nMcGrath Acquires Colorado-Based Container 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-acquires-colorado-based-container-rental-company-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"McGrath Acquires Colorado-Based Container Rental Company - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"McGrath Acquires Colorado-Based Container Rental Company LIVERMORE, Calif.–(BUSINESS WIRE)–McGrath RentCorp (\u201cMcGrath\u201d or the \u201cCompany\u201d) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced it has acquired the assets of Inland Leasing and Storage, a regional provider of portable storage solutions in the Colorado market. The transaction was funded with borrowings from McGrath\u2019s revolving credit facility. The acquisition adds approximately 600 assets to McGrath\u2019s portable storage operations in Colorado. \u201cOur acquisition of Inland Leasing and Storage is highly complementary to our portable storage rental business,\u201d said Joe Hanna, President and CEO of McGrath. \u201cConsistent with our ongoing capital deployment and geographic expansion strategies, this opportunity provides us with accelerated regional density and a high-quality fleet to serve the … Continue reading "McGrath Acquires Colorado-Based Container Rental Company"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/mcgrath-acquires-colorado-based-container-rental-company-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-06T20:13:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20230706737115r1&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-acquires-colorado-based-container-rental-company-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/mcgrath-acquires-colorado-based-container-rental-company-2\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"McGrath Acquires Colorado-Based Container Rental Company\",\"datePublished\":\"2023-07-06T20:13:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/mcgrath-acquires-colorado-based-container-rental-company-2\\\/\"},\"wordCount\":337,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/mcgrath-acquires-colorado-based-container-rental-company-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20230706737115r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/mcgrath-acquires-colorado-based-container-rental-company-2\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/mcgrath-acquires-colorado-based-container-rental-company-2\\\/\",\"name\":\"McGrath Acquires Colorado-Based Container Rental Company - 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