McGrath RentCorp files Merger Agreement with WillScot; commits to retain all employees through end of 2024

MCGRATH RENTCORP

Definitive Merger Agreement with WillScot Mobile Mini filed as exhibit; deal to create combined space solutions provider.
CEO letter confirms all McGrath employees will be retained through end of 2024 or 6 months post-close, whichever later.
Transaction expected to close in Q2 2024, subject to shareholder and regulatory approvals.
No changes to employee compensation, benefits, or day-to-day roles until close; companies operate independently.
WillScot recognizes McGrath's complementary modular building and container portfolio as key to the deal.

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