Adds details from the WSJ report in paragraphs 2 and 5, background in paragraphs 4 and 6Jan 28 (Reuters) - Portable storage solutions company Willscot Mobile Mini WSC.O is nearing a more than $3 billion deal to acquire business-to-business rental company McGrath RentCorp MGRC.O, the Wall Street Journal reported on Sunday. WillScot Mobile Mini did not immediately respond to a Reuters request for comment, while McGrath RentCorp could not immediately be reached. Based in Phoenix, Arizona, WillScot Mobile Mini leases modular space and portable storage units to construction, commercial and industrial, energy and natural resources, government, healthcare end markets, among others. A deal would allow Willscot Mobile Mini to capitalize on growing businesses demand for rental units, WSJ added. Livermore, California-based McGrath RentCorp rents and sells relocatable modular buildings, storage containers and offices, and electronic test equipment.

Source: Wall Street Journal January 29, 2024 04:07 UTC