WillScot Mobile Mini Holdings Corp. (NASDAQ: NASDAQ:WSC ) has announced a groundbreaking agreement to acquire McGrath RentCorp (NASDAQ: NASDAQ:MGRC ), a prominent business-to-business rental company based in Livermore, California. The deal, valued at $3.8 billion, is structured as a combination of cash and stock, providing McGrath ( NASDAQ:MGRC ) shareholders...
Founded in 1979, McGrath is a diversified business-to-business rental company that rents and sells relocatable modular buildings, storage containers and offices, and electronic test equipment. We operate through five divisions: Mobile Modular, Mobile Modular Portable Storage, TRS-RenTelco, KitchensToGo and Enviroplex. McGrath is headquartered in Livermore, CA...
One of the stocks on our watchlist - McGrath RentCorp (MGRC) - acts like a monster today. We have openend a position and are up > 10% for the day.
for me, the Industrials sector has always been one of my favourites. A sector that has remained the backbone of world growth since time immemorial. Also, personally, I recognize it as a sector, in which companies are not only financially regulated, but there are many other regulations they need to meet, health and safety. Environmental Regulations, Licensing and...