Mcgrath Rentcorp
MGRCNASDAQTechnology · Services-equipment Rental & Leasing, Nec
Market cap
$2.74B
Employees
1,306
Exchange
NASDAQ
Headquarters
LIVERMORE, CA
About Mcgrath Rentcorp
McGrath RentCorp is a diversified business-to-business rental company with three rental divisions: relocatable modular buildings, portable storage containers, and electronic test equipment. It comprises four reportable business segments, namely the Modular Building segment (Mobile Modular), which generates maximum revenue; the Portable Storage segment (Portable Storage); the Electronic Test Equipment segment (TRS-RenTelco); and its classroom manufacturing business (Enviroplex), which sells modular buildings used as classrooms in California. The company generates its revenues mainly from the rental of its equipment under operating leases, with sales of equipment occurring in the normal course of business.
MGRC news
A $4 million investment in rental stock demonstrates growing market confidence in robust data center demand. This acquisition signals strong fundamentals in the data center sector, suggesting investors expect sustained growth driven by cloud computing and AI infrastructure needs. The move reflects optimistic market sentiment toward companies positioned in this high-demand industry.
The Motley Fool · May 16, 2026