PRESS RELEASE
2 February 2023

MoFo Advises McGrath RentCorp On Acquisition Of Vesta Modular And Concurrent Divestiture Of Adler Tank Rentals

MF
Morrison & Foerster LLP

Contributor

Known for providing cutting-edge legal advice on matters that are redefining industries, Morrison & Foerster has 17 offices located in the United States, Asia, and Europe. Our clients include Fortune 100 companies, leading tech and life sciences companies, and some of the largest financial institutions. We also represent investment funds and startups.
Morrison Foerster advised long-term client McGrath RentCorp, a leading business-to-business rental company, in its acquisition of Vesta Modular, a portfolio company of Kinderhook Industries (“Kinderhook”),...
United States

Morrison Foerster advised long-term client McGrath RentCorp, a leading business-to-business rental company, in its acquisition of Vesta Modular, a portfolio company of Kinderhook Industries ("Kinderhook"), for a cash purchase price of $400 million, subject to certain adjustments, and sold Adler Tank Rentals, a business unit, to Ironclad Environmental Solutions, a Kinderhook portfolio company, for a cash sale price of $265 million, subject to certain adjustments. Both transactions were completed simultaneously on February 1, 2023.

The MoFo team advising McGrath RentCorp was led by San Francisco corporate partner Jackie Liu, together with San Francisco associates Daigo Takahashi, Ani Hamparsumyan, Molly Yoder and Kaimi Jeff Miyazawa.

The wider team included Washington, D.C. government contracts and public procurement partner Tina Reynolds; New York tax partner Dave Sturgeon; San Francisco executive compensation of counsel Brooke Monahan; San Francisco finance partner Victor Liang; and San Francisco trademarks of counsel Muzamil Huq.

PRESS RELEASE
2 February 2023

MoFo Advises McGrath RentCorp On Acquisition Of Vesta Modular And Concurrent Divestiture Of Adler Tank Rentals

United States

Contributor

Known for providing cutting-edge legal advice on matters that are redefining industries, Morrison & Foerster has 17 offices located in the United States, Asia, and Europe. Our clients include Fortune 100 companies, leading tech and life sciences companies, and some of the largest financial institutions. We also represent investment funds and startups.

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