McGrath Rentcorp

-5.37%

McGrath Rentcorp is a publicly traded equipment rental company that provides modular buildings, electronic test equipment, and liquid and solid containment tanks to a variety of industries. The company was founded in 1979 and is based in Livermore, California. McGrath Rentcorp has over 100 locations across the United States, Canada, and the United Kingdom, and serves customers in construction, education, government, and other industries. The company strives to provide high-quality equipment and excellent customer service to help businesses be more efficient and productive.

1. Long history and established reputation: The company was founded in 1979 and has been in operation for over 40 years, building a strong and trusted brand in the rental industry.
2. Diversified portfolio of rental products: McGrath Rentcorp offers a wide range of rental equipment and services, including modular buildings, electronic test equipment, and liquid and solid containment tanks. This diverse portfolio helps the company withstand economic cycles and mitigates risk.
3. Emphasis on customer satisfaction: The company has a strong focus on customer satisfaction and has received several awards and recognitions for its exceptional customer service, including the prestigious J.D. Power Award for customer satisfaction in the modular industry.
4. Strong financial performance: The company has a strong financial track record, with consistent revenue and profit growth over the years. It also has a solid balance sheet and a healthy cash flow, making it well-positioned for future growth.
5. Innovator in the rental industry: McGrath Rentcorp has a history of introducing innovative products and services to the rental market. It was the first to offer electronic test equipment rentals and has also pioneered the development of environmentally friendly modular building products.
6. Commitment to sustainability: The company has a strong commitment to sustainability and has implemented various initiatives to reduce its environmental footprint, including offering eco-friendly products and services, using renewable energy sources, and reducing waste and emissions.
7. Employee-focused culture: McGrath Rentcorp values its employees and has a culture focused on employee development, diversity, and inclusivity. The company has been recognized for its commitment to workplace diversity and has a high employee retention rate.
8. Strong corporate governance: The company has a well-defined corporate governance structure and has been recognized for its transparent and ethical business practices. It also has a strong leadership team with extensive industry experience.
9. Commitment to community: McGrath Rentcorp is dedicated to giving back to the community through charitable donations and volunteer work. The company has a corporate social responsibility program that supports various local and national organizations.
10. Strong growth potential: With a solid foundation and a commitment to innovation, customer satisfaction, and sustainability, McGrath Rentcorp is well-positioned for future growth in the rental industry.

The McGrath Rentcorp company is a rental and leasing company that specializes in providing equipment and services to a wide range of industries. Its business model primarily involves acquiring, renting, and selling high-quality equipment, such as modular buildings, storage containers, power and temperature control equipment, and electronic test and measurement equipment.
The company operates through four main subsidiary businesses:
1. Mobile Modular Management Corporation: Offers modular buildings for temporary and permanent use in various industries, such as education, construction, and commercial.
2. TRS-RenTelco: Provides electronic test and measurement equipment for rent and sale to industries like aerospace, defense, and telecommunications.
3. Adler Tank Rentals: Offers tank and box container rentals for storage and transportation of liquids and solids to industries like energy, construction, and environmental.
4. Mobile Modular Portable Storage: Provides storage container rentals and sales for residential, commercial, and industrial use.
McGrath Rentcorp's business model is based on the idea of providing flexible and cost-effective solutions for its customers through short and long-term rentals, lease-purchases, and outright sales of equipment. The company also offers financing options to help customers finance their equipment needs.
Their target market includes businesses, government agencies, and individuals who need temporary or permanent equipment solutions, as well as event organizers and disaster relief agencies. McGrath Rentcorp focuses on providing high-quality equipment, excellent customer service, and efficient delivery and retrieval services to maintain long-term relationships with its customers.
Overall, the company's business model revolves around providing on-demand, customized, and reliable equipment solutions to its diverse customer base, generating steady rental income and driving long-term growth and profitability.

1. McGrath RentCorp was founded in 1979 by Robert McGrath, a former U.S. Army veteran and Harvard Business School graduate.
2. The company started as a small trailer rental business in Livermore, California with only four employees.
3. The company’s initial focus was on renting mobile storage containers and modular office buildings to industrial and commercial customers.
4. McGrath RentCorp expanded its business in the early 1980s by acquiring several other equipment rental companies across the United States.
5. In 1984, McGrath RentCorp became a publicly traded company, listed on the NASDAQ stock exchange.
6. In 1989, the company acquired Adler Tank Rentals, a leading provider of rental tanks and boxes for the storage of liquids and solids.
7. In 1992, McGrath RentCorp acquired Portable Storage, a mobile storage container rental company based in Texas.
8. In 2000, the company established its Telecommunications Services division, which offers a wide range of solutions for the wireless telecommunications industry.
9. McGrath RentCorp expanded its reach globally in 2011 by acquiring Adler Tank Rentals’ European business.
10. The company’s growth continued with the acquisition of Mobile Modular Management Corporation in 2012, adding mobile office and modular building rental services to its portfolio.
11. In 2018, the company acquired Trident Tank Services, a provider of liquid storage solutions, further expanding its presence in the tank rental market.
12. Today, McGrath RentCorp is a leading provider of equipment rentals and services in the United States, with a presence in Canada, Europe, and Australia.
13. The company’s inventory includes over 65,000 rental units, ranging from storage containers and modular buildings to mobile offices and liquid storage tanks.
14. In addition to equipment rental, McGrath RentCorp also offers related services such as transportation, installation, and maintenance.
15. In 2019, the company was recognized as one of Fortune’s 100 Fastest-Growing Companies, ranking #39 on the list.
16. McGrath RentCorp is committed to sustainability and has implemented various initiatives to reduce its environmental impact, including using renewable energy sources and implementing energy-efficient solutions.
17. The company has a strong focus on giving back to the community through its “Donations that Make a Difference” program, which supports charitable organizations and community events.
18. McGrath RentCorp has received numerous awards for its exceptional performance and commitment to corporate responsibility, including being named one of America’s Most Trustworthy Companies by Forbes in 2015 and 2016.
19. The company’s stock has consistently outperformed the S&P 500 and other major indices, making it a top-performing company in the rental and leasing industry.
20. McGrath RentCorp continues to innovate and stay ahead of industry trends, with a strong focus on digital transformation and the use of advanced technologies to improve its operations and enhance the customer experience.