Filed by McGrath RentCorp
Pursuant to Rule 425 under the Securities Act of 1933
and deemed filed pursuant to Rule 14a-12
under the Securities Exchange Act of 1934
Subject Company: McGrath RentCorp
Commission File No. 000-13292
Date: January 30, 2024
Dear McGrath
Team,
Following the news of our companies agreement announced yesterday, Im reaching out directly to share why bringing our businesses
together will be so beneficial.
Like McGrath, WillScot Mobile Mini offers space solutions across a broad range of customer segments across North America.
We will remain separate companies until the transaction close and you will continue to hear directly from Joe and his leadership team on what to expect. In the meantime, I want to share some thoughts as we begin this collaboration.
First, we admire the exceptional value you provide customers and see great potential for both teams. With that growth, it will bring new career opportunities
as part of a strong team serving more diverse customer segments.
Secondly, its encouraging that our companies share a similar culture and core
values, as we are both well known for measuring success through our results and honoring our commitments to our customers and each other. McGrath refers to this value as We do what we say we will do and we share this value as remaining
Driven to excellence.
As you have heard from your own leadership team, WillScot Mobile Mini has committed to retain all McGrath employees
through the end of 2024 or six months after closing, whichever is later, and I want to reassure you that we fully support this decision. Our success together is dependent on the collective contributions from employees from both companies and
together we will accomplish great things.
This is just the start of our collaboration, and there will be many more updates to share along the way.
I have truly enjoyed collaborating with Joe and his team in the discussions leading up to this announcement. On behalf of the entire WillScot Mobile Mini
team, thank you for your dedication to your customers, colleagues and suppliers through this process.
Sincerely,
Bradley Soultz
Chief Executive Officer
WillScot Mobile Mini
Important Information
This communication shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in
any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting
the requirements of Section 10 of the Securities Act of 1933, as amended.
Additional Information and Where to Find It
This communication is for informational purposes only and does not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any
securities or a solicitation of any vote or approval. This communication relates to the proposed acquisition of McGrath RentCorp (McGrath) by WillScot Mobile Mini (the Proposed Transaction). In connection with the Proposed
Transaction, WillScot Mobile Mini will file a registration statement on Form S-4, which will contain a proxy statement of McGrath (the proxy statement/prospectus), and each party will file other
documents regarding the Proposed Transaction with the U.S. Securities and Exchange Commission (the SEC) from time to time. No offering of securities