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Tank News
McGrath RentCorp to buy tank rental business (AP via Yahoo! Finance) McGrath RentCorp, which rents and sells modular buildings, said Monday it agreed to pay $90 million in cash and stock to acquire Adler Tank Rentals, a privately held company that rents temporary storage tanks.
McGrath RentCorp. acquires Adler Tank Rentals for $89 million (Contra Costa Times) Livermore-based modular building renter McGrath RentCorp said it has agreed to acquire privately held Adler Tank Rentals for about $90 million. The purchase price will consist of approximately $89 million in cash and 40,000 shares of McGrath common stock, and is expected to close before the end of