McGrath RentCorp’s $260 Million Acquisition of Design Space Modular Buildings

Jackson Walker advised Design Space Modular Buildings on the deal.

McGrath RentCorp (the “Company”) announced it has completed its previously announced acquisition of Design Space Modular Buildings PNW, LP (“Design Space”), for a cash purchase price of $260 million, subject to certain adjustments. Design Space is a leading modular building and portable storage provider in the Western U.S. and its network of 15 branches and over 100 employees serves diverse end markets, including construction, government, education and commercial.

Kirkland & Ellis LLP acted as McGrath RentCorp’s legal advisor in the transaction. Oppenheimer & Co., Inc. served as exclusive financial advisor to Design Space and Jackson Walker LLP acted as Design Space’s legal advisor.

Founded in 1979, McGrath RentCorp (Nasdaq: MGRC) is a diversified business-to-business rental company providing modular buildings, electronic test equipment, portable storage and tank containment solutions across the United States and other select North American regions.

The Jackson Walker team was led by Kevin A. Jones (Picture) and including Pete Hyndman, Dana F. Murphy, Adrian Allen, Nathan T. Smithson, Peter K. Wahl, Greta E. Cowart, Ann M. Leafstedt, and Shari Y. Mao.

 

Involved fees earner: Adrian Allen – Jackson Walker L.L.P.; Greta Cowart – Jackson Walker L.L.P.; Pete Hyndman – Jackson Walker L.L.P.; Kevin Jones – Jackson Walker L.L.P.; Ann Leafstedt – Jackson Walker L.L.P.; Shari Mao – Jackson Walker L.L.P.; Dana Murphy – Jackson Walker L.L.P.; Nathan Smithson – Jackson Walker L.L.P.; Peter Wahl – Jackson Walker L.L.P.;

Law Firms: Jackson Walker L.L.P.;

Clients: Design Space Modular Buildings;

Martina Bellini

Author: Martina Bellini