McGrath RentCorp, a business-to-business rental company in North America, acquired the assets of Brekke Storage, a regional provider of portable storage solutions in the Colorado market. The transaction was funded with borrowings from McGrath’s revolving credit facility. The acquisition adds approximately 2,700 assets and a new branch location for McGrath’s portable storage operations.
“The acquisition of Brekke Storage is highly complementary to our portable storage rental business,” Joe Hanna, president and CEO of McGrath, said. “Consistent with our ongoing capital deployment strategy, this opportunity provides us with a new regional operation and a high-quality fleet to serve the Colorado market. We welcome the Brekke team and look forward to growing our expanded regional market share with a new set of customers.”
