WillScott, McGrath terminate $3.8 bln acquisition deal

Mcgrath Rentcorp

18/09/2024 17:06

Sept 18 (Reuters) - WillScot Holdings  WSC.O  mutually
terminated its $3.8 billion acquisition of McGrath RentCorp
 MGRC.O , the latter said on Wednesday.
    McGrath said it would receive $180 million in termination
fees from WillScot.
    Based in Phoenix, Arizona, WillScot leases modular space and
portable storage units to various sectors, including
construction, commercial and industrial, energy and natural
resources, government and healthcare end markets.
    McGrath specializes in renting and selling relocatable
modular buildings, storage containers and offices and electronic
test equipment.

 (Reporting by Aishwarya Jain in Bengaluru; Editing by Mohammed
Safi Shamsi)
 ((Aishwarya.Jain@thomsonreuters.com;))