McGrath Acquires Vesta Modular and Concurrently Divests Adler Tank Rentals
Founded in 2014 and headquartered in Southfield, MI, Vesta is a leading provider of temporary and permanent modular space solutions.
- Founded in 2014 and headquartered in Southfield, MI, Vesta is a leading provider of temporary and permanent modular space solutions.
- As of December 31, 2022 estimated, on a trailing 12-month basis, Vesta generated $40 million of EBITDA on $129 million of total revenue.
- McGrath anticipates realizing $8 million of annual run-rate synergies by 2024 and $30 million of value from net operating losses.
- “McGrath is a highly-respected leader in our sector with a tremendous culture and core values that align with those of Vesta.