McGrath RentCorp has announced it has acquired the assets of Titan Storage Containers LLC, a regional provider of portable storage solutions in the Texas market.
The transaction was funded with borrowings from McGrath RentCorp’s revolving credit facility. The acquisition adds approximately 1,100 assets to its existing Mobile Modular division fleet located in the Texas region.
“Our acquisition of Titan Storage Containers is highly complementary to our portable storage rental business.” said Joe Hanna, president and CEO of McGrath RentCorp.
He added: “Consistent with our ongoing capital deployment strategy, this opportunity provides us with additional high-quality fleet to serve the Texas market. We look forward to continuing to grow our expanded regional market share and to offering our renowned service to a new set of customers. We expect to integrate the assets into our technology systems quickly and seamlessly as we expand our operational capacity in the region.”
For more information visit www.mgrc.com