Brief: McGrath RentCorp To Acquire Design Space Modular Buildings

Mcgrath Rentcorp

13/05/2021 21:16

May 13 (Reuters) - McGrath RentCorp  MGRC.O :
    * MCGRATH RENTCORP TO ACQUIRE DESIGN SPACE MODULAR BUILDINGS
    * MCGRATH RENTCORP - DEAL FOR A CASH PURCHASE PRICE OF $260
MILLION
    * MCGRATH RENTCORP - EXPECTS TO FUND TRANSACTION FROM
EXISTING
CAPACITY UNDER ITS REVOLVING CREDIT FACILITY
    * MCGRATH RENTCORP - DEAL POSITIONS CO FOR LONGER TERM
REVENUE
GROWTH SYNERGIES FROM COMBINED SALES RESOURCES
    * MCGRATH RENTCORP - DEAL CREATES OPPORTUNITIES FOR
OPERATIONAL
COST SAVINGS FROM OPTIMIZATION OF COMBINED FLEET IN CALIFORNIA

Source text for Eikon:  ID:nBw3g3WLSa 
Further company coverage:  MGRC.O 

 ((Reuters.Briefs@thomsonreuters.com;))