McGrath RentCorp

#3678

Rank

$2.26B

MarketCap US

US United States

Country

Summary
McGrath RentCorp operates as a business to business rental company in the United States and internationally. It rents and sells relocatable modular buildings, portable storage containers, electronic test equipment and related accessories, and liquid and solid containment tanks and boxes. The company operates through four segments: Mobile Modular, TRS-RenTelco, Adler Tanks, and Enviroplex. The Mobile Modular segment rents and sells modular buildings designed for use as classrooms, temporary offices adjacent to existing facilities, sales offices, construction field offices, restroom buildings, health care clinics, child care facilities, office spaces, and various other purposes; and portable storage containers. The TRS-RenTelco segment rents and sells general purpose electronic test equipment, such as oscilloscopes, amplifiers, analyzers, signal source, and power source test equipment primarily to aerospace, defense, electronics, industrial, research, and semiconductor industries. It also provides communications test equipment, including network and transmission test equipment for various fiber, copper, and wireless networks to the manufacturers of communications equipment and products, electrical and communications installation contractors, field technicians, and service providers. The Adler Tanks segment rents fixed axle steel tanks for storing groundwater, wastewater, volatile organic liquids, sewage, slurry and bio sludge, oil and water mixtures, and chemicals; vacuum containers for sludge and solid materials; dewatering boxes for the separation of water contained in sludge and slurry; and roll-off and trash boxes for temporary storage and transportation of solid waste. The Enviroplex segment manufactures and sells portable classrooms directly to public school districts and other educational institutions in California. The company was incorporated in 1979 and is headquartered in Livermore, California.

History

McGrath founder and current CEO, Frank McGrath, established the company in 1979 in the United States, initially providing equipment rentals to the construction industry. The company's product selection and geographic reach have expanded over time and the company now has four distinct business groups, operating across the United States, Canada, and in the Middle East. As of 2016, the company had $440 million in annual revenue, with varying levels of profitability.


Mission
Our success is built on a strong foundation of values. From a commitment to our employees to unwavering integrity with our customers, we believe people are our most valuable asset.

Vision
McGrath RentCorp’s vision is to become the premier equipment rental company, dedicated to providing the best customer experience in the industry.

Key Team

Mr. Philip B. Hawkins (Sr. VP & Division Mang. of Mobile Modular)

Ms. Kristina Van Trease-Whitney (Sr. VP of Strategy and Bus. Devel.)

Mr. David M. Whitney (VP, Corp. Controller & Principal Accounting Officer)

Mr. John P. Skenesky (VP & Division Mang. of TRS-RenTelco)

Ms. Tara Wescott (VP of HR)


Recognition and Awards
McGrath RentCorp has received numerous awards and accolades throughout its history. In 2015, McGrath RentCorp was named one of the “Best Employers in America” by Forbes Magazine, and in 2013, the company earned the Excellence in Industry Award from the US Small Business Administration. Additionally, in 2014, McGrath RentCorp was named one of the “Top 50 Best- Managed Companies” in the US by Forbes Magazine.

References
McGrath RentCorp
Leadership team

Mr. Joseph F. Hanna (Pres, CEO & Director)

Mr. Keith E. Pratt (Exec. VP & CFO)

Ms. Melodie Craft (VP of Legal Affairs & Risk Management and Corp. Sec.)

Products/ Services
Real Estate, Retail
Number of Employees
1,000 - 20,000
Headquarters
Livermore, California, United States
Established
1979
Company Registration
SEC CIK number: 0000752714
Net Income
100M - 500M
Revenue
500M - 1B
Traded as
MGRC
Social Media
Fri Mar 01 2024
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