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McGrath Acquires South Carolina-Based Container Rental Company

April 06, 2023, 07:07 AM
Filed Under: Rental News

McGrath RentCorp, a business-to-business rental company in North America, announced it has acquired the assets of Dixie Temporary Storage, a regional provider of portable storage solutions in the South Carolina market. The transaction was funded with borrowings from McGrath’s revolving credit facility. The acquisition adds approximately 800 assets and a new branch location for McGrath’s portable storage operations.

“Our acquisition of Dixie Temporary Storage is highly complementary to our portable storage rental business,” said Joe Hanna, President and CEO of McGrath. “Consistent with our ongoing capital deployment and geographic expansion strategies, this opportunity provides us with a new regional operation and a high-quality fleet to serve the South Carolina market. We welcome the Dixie team and look forward to growing our expanding regional market share with a new set of customers.”

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