{ "schemaVersion": 1, "organisationId": "O-99dcf9d45b38483ab75695406873e250", "slug": "mcgrath-rentcorp", "name": "MCGRATH RENTCORP", "updatedAt": "2026-10-02T12:00:16.41853Z", "sections": [ { "type": "OVERVIEW", "text": "McGrath RentCorp is a North American business-to-business rental company focused on relocatable modular buildings, portable storage containers, and electronic test equipment. Its operations include modular classrooms, offices and other specialty space, portable storage rentals, and test-equipment rentals; it also manufactures and sells modular classroom buildings, primarily in California. [P144397217]\n\nThe company serves commercial, education, and other organizational customers, with its business concentrated in the United States and a Canadian presence through its TRS-RenTelco operation. [P52331556][P40348558] McGrath RentCorp states its purpose is to empower organizations with flexible, dependable modular solutions. [https://www.mgrc.com/about-us]\n\nFor fiscal 2025, the company reported revenue of $645.1 million and 1,306 employees as of December 31, 2025. [T13222085][https://investors.mgrc.com/sec-filings/sec-filings/content/0001193125-26-071463/0001193125-26-071463.pdf]\n[P144397217][P52331556][P40348558][https://www.mgrc.com/about-us][T13222085][https://investors.mgrc.com/sec-filings/sec-filings/content/0001193125-26-071463/0001193125-26-071463.pdf][https://www.mgrc.com/about-us][https://investors.mgrc.com/sec-filings/sec-filings/content/0001193125-26-071463/0001193125-26-071463.pdf]", "updatedAt": "2026-10-02T12:00:16.41853Z" }, { "type": "PRODUCTS", "text": "McGrath RentCorp’s products span relocatable modular buildings, portable storage containers, electronic test equipment and newly manufactured modular buildings. Mobile Modular rents and sells modular units for education and commercial use, with related services that include modification, delivery, installation, dismantling and return delivery. Its listed offerings include portable classrooms in single, double and multi-classroom configurations, as well as commercial offices and kitchens. [P144397217][P144397159][P144397220][https://www.mobilemodular.com/education-solutions/portable-classrooms][https://www.mobilemodular.com/commercial-solutions] Portable Storage rents and sells standard containers in 10-, 20-, 24- and 40-foot sizes, refrigerated and insulated containers, and guard shacks. Listed refrigerated-container features include temperature-zone partitions and remote temperature control. [P144397217][https://www.mobilemodularcontainers.com/][https://www.mobilemodularcontainers.com/products/refrigerated-container][https://www.mobilemodularcontainers.com/products/guard-shack-rental]\n\nTRS-RenTelco rents and sells general-purpose and communications test equipment, including spectrum analyzers and network-test equipment. One listed analyzer, the Keysight N9042B-550, covers 2 Hz–50 GHz, has 2 GHz analysis bandwidth and supports 5G NR transmitter EVM testing. [P144397223][https://www.trsrentelco.com/products][https://www.trsrentelco.com/products/keysight-technologies-n9042b-550] Enviroplex manufactures and sells new modular buildings, primarily classrooms in California; examples on its site include classroom designs with 9-foot floor-to-ceiling heights. [P144397225][P144397196][https://enviroplex.com/modular-classrooms-california/]\n\nFor the six months ended June 30, 2026, rental and rental-related services accounted for about 80% of consolidated revenue, while sales and other revenue from modular buildings, containers and electronic test equipment accounted for about 20%. Within rental-operations revenue, Mobile Modular represented 69%, Portable Storage 12% and TRS-RenTelco 19%; within sales and other revenue, Mobile Modular and Enviroplex together represented 74%, Portable Storage 5% and TRS-RenTelco 21%. [P144397224][P144397225]\n[P144397217][P144397159][P144397220][https://www.mobilemodular.com/education-solutions/portable-classrooms][https://www.mobilemodular.com/commercial-solutions][https://www.mobilemodularcontainers.com/][https://www.mobilemodularcontainers.com/products/refrigerated-container][https://www.mobilemodularcontainers.com/products/guard-shack-rental][P144397223][https://www.trsrentelco.com/products][https://www.trsrentelco.com/products/keysight-technologies-n9042b-550][P144397225][P144397196][https://enviroplex.com/modular-classrooms-california/][P144397224][https://www.mobilemodular.com/education-solutions/portable-classrooms][https://www.mobilemodular.com/commercial-solutions][https://www.mobilemodularcontainers.com/][https://www.mobilemodularcontainers.com/products/refrigerated-container][https://www.mobilemodularcontainers.com/products/guard-shack-rental][https://www.trsrentelco.com/products][https://www.trsrentelco.com/products/keysight-technologies-n9042b-550][https://enviroplex.com/modular-classrooms-california/]", "updatedAt": "2026-10-02T12:00:16.41853Z" }, { "type": "GEOGRAPHY", "text": "McGrath RentCorp is headquartered in Livermore, California. In FY2025, customers in foreign countries generated 2% of total revenue; the company does not report a country-by-country revenue breakdown in the cited filing. [P16956154][P73292336]\n\nMobile Modular operates across California, Colorado, Florida, Georgia, Louisiana, Maryland, the Midwest, North Carolina, the Pacific Northwest, South Carolina, Texas, Virginia and Washington, D.C.; California is its largest educational market. Enviroplex manufactures and sells classrooms in California, with a manufacturing facility in Stockton. [P48192560][P52331556][P12710292][P77947834] TRS-RenTelco serves customers nationally and internationally, with facilities in Grapevine, Texas, and Dollard-des-Ormeaux, Canada; its marketing extends throughout the United States and Canada and, to a limited extent, other countries. [P119255574][P114148815][P40348558] A Q2 2026 acquisition expanded Mobile Modular’s operations in the U.S. Midwest. [P144397149]\n[P16956154][P73292336][P48192560][P52331556][P12710292][P77947834][P119255574][P114148815][P40348558][P144397149][https://www.sec.gov/Archives/edgar/data/752714/000119312526071463/mgrc-20251231.htm]", "updatedAt": "2026-10-02T12:00:16.41853Z" }, { "type": "SEGMENTS", "text": "McGrath RentCorp reports four business segments. For FY2025, Mobile Modular—relocatable modular buildings, particularly for classrooms and other temporary space, available for rent or sale—generated $645.1 million, approximately 68.3% of consolidated revenue. Portable Storage, which rents and sells temporary storage and office containers, generated $92.8 million (9.8%). TRS-RenTelco, which rents and sells general-purpose and communications electronic test equipment, generated $148.9 million (15.8%). Enviroplex, a manufacturer and seller of modular classrooms used primarily in California, generated $57.4 million (6.1%). Consolidated revenue was $944.2 million; percentages are calculated from reported segment revenue. [P36186463][P11339194][P119255574][T9443230]\n\nIn the first half of 2026, the latest interim period reported, segment shares of $419.7 million consolidated revenue were Mobile Modular 67.9%, Portable Storage 10.8%, TRS-RenTelco 19.4%, and Enviroplex 1.9%. These are interim—not full-year—contributions. The company also describes three rental divisions, while its reportable-segment structure has four segments, with Enviroplex representing classroom manufacturing. [T16523531][P22388089]\n[P36186463][P11339194][P119255574][T9443230][T16523531][P22388089]", "updatedAt": "2026-10-02T12:00:16.41853Z" }, { "type": "HISTORY", "text": "McGrath RentCorp was founded in 1979 by Bob McGrath, beginning as a California-based rental business for relocatable modular buildings. It became a publicly traded company in 1984. By 1998, its businesses included Enviroplex, a classroom manufacturer founded in 1991. [https://www.mobilemodular.com/resources/about-us] [https://investors.mgrc.com/company-information/faq] [https://investors.mgrc.com/sec-filings/sec-filings/content/0000891618-98-001478/10-K405.txt]\n\nThe company expanded into electronic test-equipment rentals in 2004 through its acquisition of assets from TRS, and entered tank rentals in 2008 by purchasing substantially all assets of Adler Tank Rentals’ tank-rental business. [https://investors.mgrc.com/sec-filings/sec-filings/content/0001193125-04-132543/0001193125-04-132543.pdf] [https://investors.mgrc.com/sec-filings/sec-filings/content/0001193125-08-252823/d8k.htm] In 2022 and 2023, it expanded portable storage through acquisitions of Titan Storage Containers and Inland Leasing and Storage. In February 2023, it acquired Vesta Modular and sold Adler Tank Rentals, shifting its portfolio away from tank rentals. [https://investors.mgrc.com/news-events/press-releases/detail/76/mcgrath-rentcorp-acquires-texas-based-container-rental-company] [https://investors.mgrc.com/news-events/press-releases/detail/45/mcgrath-acquires-colorado-based-container-rental-company] [https://investors.mgrc.com/news-events/press-releases/detail/56/mcgrath-acquires-vesta-modular-and-concurrently-divests-adler-tank-rentals]\n\nJoseph F. Hanna became president and chief executive officer in 2017. A proposed merger with WillScot Mobile Mini, announced in 2024, was terminated that September. Philip B. Hawkins succeeded Hanna as president and CEO effective April 3, 2026. 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"https://investors.mgrc.com/news-events/press-releases/detail/159/mcgrath-rentcorp-names-joseph-hanna-as-president-and-chief-executive-officerand-elevates-keith-pratt-to-executive-vice-president", "href": "https://investors.mgrc.com/news-events/press-releases/detail/159/mcgrath-rentcorp-names-joseph-hanna-as-president-and-chief-executive-officerand-elevates-keith-pratt-to-executive-vice-president", "label": "investors.mgrc.com" }, { "id": "https://investors.mgrc.com/sec-filings/sec-filings/content/0001193125-26-071463/mgrc-20251231.htm", "href": "https://investors.mgrc.com/sec-filings/sec-filings/content/0001193125-26-071463/mgrc-20251231.htm", "label": "investors.mgrc.com" }, { "id": "https://investors.mgrc.com/news-events/press-releases/detail/314/mcgrath-announces-chief-executive-officer-succession", "href": "https://investors.mgrc.com/news-events/press-releases/detail/314/mcgrath-announces-chief-executive-officer-succession", "label": "investors.mgrc.com" } ] }