Kirkland & Ellis advised Kinderhook Industries, LLC portfolio companies on two deals: IRONCLAD Environmental Solutions (IRONCLAD) on its acquisition of Adler Tank Rentals from McGrath RentCorp; and VESTA Modular (VESTA) on its sale to McGrath RentCorp for a cash purchase price of $400 million.
IRONCLAD is an industry-leading provider of specialty waste management solutions and temporary storage and containment equipment for hazardous and non-hazardous waste. The acquisition of Adler Tank Rentals will create a national platform for delivering specialty waste management, containment and transport solutions.
VESTA is a leading provider of temporary and permanent modular space solutions across a diverse base of end markets and applications.
The Kirkland team for both transactions was led by corporate partners Thomas Marbury and Shawn OHargan; debt finance partner Andy Veit; tax partner Philip Cooke; and investment funds partner John Budetti.