WillScott, McGrath terminate $3.8 bln acquisition deal-February 2024-www.financetom.com

WillScott, McGrath terminate $3.8 bln acquisition deal

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WillScott, McGrath terminate $3.8 bln acquisition deal

Sep 21, 2024 11:54 PM

Sept 18 (Reuters) - WillScot Holdings ( WSC ) mutually

terminated its $3.8 billion acquisition of McGrath RentCorp ( MGRC )

, the latter said on Wednesday.

McGrath said it would receive $180 million in termination

fees from WillScot ( WSC ).

Based in Phoenix, Arizona, WillScot ( WSC ) 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.

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