MCGRATH RENTCORP

McGrath RentCorp is a diversified business-to-business rental company organized in California in 1979, with corporate offices in Livermore, California. Its common stock trades on the NASDAQ Global Select Market under the symbol "MGRC". The company primarily focuses on equipment rentals, though equipment sales also occur in the normal course of business. As of December 31, 2025, McGrath RentCorp operated through four reportable business segments. These include its modular building segment, known as Mobile Modular, and its portable storage container segment, referred to as Portable Storage. The company also operates an electronic test equipment segment called TRS-RenTelco. The fourth segment is Enviroplex, which is a classroom manufacturing business that sells modular buildings primarily used as classrooms in California. On September 17, 2024, the company and WillScot Mobile Mini Holdings Corp. mutually agreed to terminate their Merger Agreement. This termination was effective upon WillScot Mobile Mini's cash payment of $180.0 million to McGrath RentCorp, which was received on September 20, 2024. Expenses recognized due to the terminated Merger Agreement for the year ended December 31, 2024, totaled $63.2 million. After accounting for these transaction costs, the termination payment resulted in net proceeds of $116.8 million received during the year ended December 31, 2024.