Kirkland Counsels Kinderhook Portfolio Companies on Two Deals
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.
Read the transaction press releases here and here
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.