Rent-A-Container Acquires The Eagle Leasing Company, Creating One of the Largest Portable Storage Providers in the Eastern U.S.
Rent-A-Container ('RAC' or the 'Company'), a portfolio company of Kinderhook Industries, LLC, today announced the acquisition of The Eagle Leasing Company ('Eagle'), a leading provider of portable storage containers, ground level offices (GLOs), semi-trailers, and mobile office solutions throughout the Northeast U.S.
Founded in 1967, Eagle Leasing has a deep history and long-standing reputation as a premier brand in the portable storage industry with deep roots across New England as well as parts of New York and New Jersey. Known for its outstanding service and family-operated legacy, Eagle is recognized for its high-quality equipment and dependable, customer-first operating philosophy.
The combination of Eagle and RAC creates one of the largest independent portable storage and ground level office leasing networks in the United States. With over 25,000 high quality units in its rental fleet and over 200 employees, the combined company will be particularly suited to deliver industry-leading service to its customers through its combined 18 branch locations serving the East Coast, South, and Midwest markets.
'We are proud of what Eagle Leasing has built over several generations and are thrilled to partner with Kinderhook and RAC to drive Eagle's next chapter of growth,' said Louis Eagle. 'This transaction expands the opportunity for our employees, for our customers, and for the Eagle brand.'
'Continuing the Eagle legacy was important to us,' added Jen Eagle. 'We're excited that the business will continue to operate under the Eagle name, and we are confident that RAC is the right partner to invest in our brand and people.'
Several members of the Eagle family will remain with the business to support continued growth, including:
'We are incredibly excited to execute this transformative acquisition,' said Dan McMurtrie, CEO of Rent-A-Container. 'Eagle is one of the most trusted brands in the portable storage industry. This acquisition not only cements RAC's market presence in the Eastern region, but also deepens our bench of leadership and operating talent.'
'Eagle's quality asset base and entrenched market presence make this acquisition a tremendous opportunity for RAC. The Company is well positioned to service customers and strengthen market share as it looks to build further density across the East Coast,' said Rob Michalik, Managing Director at Kinderhook. 'We believe Eagle's team will be a great addition to the RAC team and culture, and we look forward to collaborating with them to drive the next phase of growth.'
Advisors
Buyers were represented by Sidley Austin LLP and Greenberg Traurig LLP on legal matters and by Alvarez & Marsal for business diligence. Sellers were represented Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. on legal matters and Houlihan Lokey and Corporate Partners served as financial advisors. Comerica Bank, Huntington Bank and Key Bank led the various required credit facilities.
About Rent-A-Container
Headquartered in Ann Arbor, MI, Rent-A-Container manages a fleet of over 25,000 shipping containers, semi-trailers, and ground level offices ('GLOs') leased to customers needing portable storage or office space. RAC differentiates itself from larger competitors by offering the same high-quality equipment with fewer hassles and hidden fees. Its brands include Rent-A-Container, Eagle Leasing, ModuGo, A-1 Portable Storage, Stuff-It Storage, Fortin Modular Storage, and Kelcon.
For more information, visit: https://rentacontainer.com
About Eagle Leasing
Eagle Leasing is a family-owned portable storage leader with decades of experience providing storage containers, trailers, and mobile offices to customers across the Northeast. With locations in Connecticut and Massachusetts, Eagle is known for its dependable service and commitment to excellence.
For more information, visit https://www.eagleleasing.com
About Kinderhook Industries
Founded in 2003, Kinderhook Industries, LLC is a private investment firm that has raised $8.5 billion of committed capital. We have made in excess of 500 investments and follow-on acquisitions since inception. Kinderhook's investment philosophy is predicated on matching differentiated, growth-oriented investment opportunities with financial expertise and our proprietary network of operating partners. Our focus is on middle market businesses with defensible niche market positioning in the healthcare services, environmental & industrial services, and light manufacturing & automotive sectors.
For more information, visit https://www.kinderhook.com
The Rent-A-Container Network is actively looking to grow. If you are interested in selling your business or your fleet of shipping container assets, please contact RAC's Director of Mergers & Acquisitions Michael Ferrantino at [email protected].
View source version on businesswire.com:https://www.businesswire.com/news/home/20250708295879/en/
CONTACT: Michael Ferrantino
[email protected]
KEYWORD: UNITED STATES NORTH AMERICA MICHIGAN
INDUSTRY KEYWORD: RESIDENTIAL BUILDING & REAL ESTATE COMMERCIAL BUILDING & REAL ESTATE AUTOMOTIVE CONSTRUCTION & PROPERTY OTHER TRANSPORT TRUCKING BUILDING SYSTEMS TRANSPORT LOGISTICS/SUPPLY CHAIN MANAGEMENT FLEET MANAGEMENT OTHER CONSTRUCTION & PROPERTY
SOURCE: Rent-A-Container
Copyright Business Wire 2025.
PUB: 07/08/2025 02:07 PM/DISC: 07/08/2025 02:07 PM
http://www.businesswire.com/news/home/20250708295879/en
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
a minute ago
- Yahoo
AbbVie in talks to acquire Gilgamesh Pharmaceuticals
(Reuters) -Drugmaker AbbVie is in talks to acquire privately-held mental health therapeutics company Gilgamesh Pharmaceuticals in a deal worth about $1 billion, Bloomberg News reported on Wednesday, citing people familiar with the matter.
Yahoo
a minute ago
- Yahoo
Figma Announces Pricing of Initial Public Offering
Tomorrow, July 31, 2025, Figma plans to begin trading on the New York Stock Exchange under the ticker symbol "FIG" SAN FRANCISCO, July 30, 2025--(BUSINESS WIRE)--Figma is a design and product development platform—where teams come together to turn ideas into the world's best digital products and experiences. Today, we're announcing the pricing of Figma's initial public offering of 36,937,080 shares of Class A common stock at a public offering price of $33.00 per share. The shares are expected to begin trading on the New York Stock Exchange on July 31, 2025 under the ticker symbol "FIG." The offering is expected to close on August 1, 2025, subject to the satisfaction of customary closing conditions. The fine print: The offering consists of 12,472,657 shares of Class A common stock offered by Figma and 24,464,423 shares of Class A common stock offered by certain of Figma's existing stockholders. In addition, certain of the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 5,540,561 shares of Class A common stock to cover over-allotments at the initial public offering price, less underwriting discounts and commissions. Figma will not receive any proceeds from the sale of shares by the selling stockholders. Morgan Stanley, Goldman Sachs & Co. LLC, Allen & Company LLC, and J.P. Morgan are acting as joint lead book-running managers for the offering. BofA Securities, Wells Fargo Securities, and RBC Capital Markets are acting as book-running managers for the offering. William Blair and Wolfe | Nomura Alliance are acting as co-managers for the offering. A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on July 30, 2025. The offering is being made only by means of a prospectus. A copy of the final prospectus may be obtained, when available, from: Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014, or by email at prospectus@ Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, by telephone at (866) 471-2526, or by email at prospectus-ny@ Allen & Company LLC, Attention: Prospectus Department, 711 Fifth Avenue, 9th floor, New York, New York 10022, by telephone at (212) 339-2220, or by email at allenprospectus@ or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by email at prospectus-eq_fi@ and postsalemanualrequests@ This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Figma Figma is where teams come together to turn ideas into the world's best digital products and experiences. Founded in 2012, Figma has evolved from a design tool to a connected, AI-powered platform that helps teams go from idea to shipped product. Whether you're ideating, designing, building, or shipping, Figma makes the entire design and product development process more collaborative, efficient, and fun—while keeping everyone on the same page. View source version on Contacts Media:press@ Investor Relations:ir@ Sign in to access your portfolio
Yahoo
a minute ago
- Yahoo
Wells Fargo Raises S&P?500 Target to 6,500
Wells Fargo (NYSE:WFC) boosted its year?end SPX forecast to a 6,3006,500 range from 5,9006,100, lifting the midpoint by 6.7%. It joins Oppenheimer, Goldman Sachs (NYSE:GS) and Bank of America (NYSE:BAC) in raising targets as trade tensions ease and fiscal measures kick in. The bank also raised its 2025 S&P 500 EPS estimate to $265 from $260 and now sees a 2026 SPX range of 6,9007,100 versus 6,4006,600 previously. Warning! GuruFocus has detected 7 Warning Sign with WFC. Wells Fargo cited an easing tariff outlook and new business tax provisions from President Trump's spending bill as key catalysts. The dilution of tariff implementations and the new business tax provisions should improve earnings growth and investor sentiment, the bank said. Analysts note lower trade headwinds and a clearer fiscal path could drive corporate profit and investor confidence into year?end. Why It Matters: Policy tailwinds and stronger EPS forecasts may keep SPX momentum intact through year?end. Investors will watch Q4 earnings updates and policy moves ahead of year?end for confirmation. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
