McGrath Announces Nicolas Anderson Elected to Board
October 28 2022 - 4:01PM
Business Wire
McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq:
MGRC), a leading business-to-business rental company in North
America, today announced the appointment of Nicolas (Nic) Anderson
to the Company’s Board of Directors.
Bradley Shuster, Chairman of McGrath RentCorp’s Board stated:
“We are very pleased to welcome Nicolas to our Board. He is not
only an accomplished leader with an extensive background as an
executive in finance, he also has a strong entrepreneurial
background. Nic’s experience and perspective will be a valuable
complement to McGrath’s Board.”
Mr. Anderson is a founder and Managing Partner of Elm Grove
Partners, an entrepreneurial private equity firm focused on control
investments in established lower middle-market companies, where he
has worked since 2013. Mr. Anderson has had primary responsibility
for raising equity capital and debt financing and leading the
investment analysis for potential acquisitions. He also serves as
CEO of ArcherHall, an Elm Grove Partners portfolio company that
provides data and document management services to law firms. Mr.
Anderson previously worked in the investment bank at JPMorgan in
New York, as well as two other boutique investment banks. Mr.
Anderson is a member of the Board of Directors of Bank of Marin
(NASDAQ: BMRC), a business bank in Northern California, where he
serves on the Audit Committee and the Nominating and Governance
Committee. Additionally, he previously served on the Board of
Directors of American River Bank (NASDAQ: AMRB).
Mr. Anderson has a B.A. Economics from Harvard University,
Cambridge, Massachusetts and an MBA with Distinction of Honors from
Harvard Business School, Boston, Massachusetts.
ABOUT MCGRATH:
McGrath RentCorp (Nasdaq: MGRC) is a leading
business-to-business rental company in North America with a strong
record of profitable business growth. Founded in 1979, McGrath’s
operations are centered on modular solutions through its Mobile
Modular and Mobile Modular Portable Storage businesses.
In addition, its TRS-RenTelco business offers electronic
test equipment rental solutions, and its Adler Tank Rentals
business provides environmental containment solutions for hazardous
and nonhazardous liquids and solids. The Company’s rental product
offerings and services are part of the circular supply economy,
helping customers work more efficiently, and sustainably manage
their environmental footprint. With over 40 years of experience,
McGrath’s success is driven by a focus on exceptional customer
experiences. This focus has underpinned the Company’s long-term
financial success and supported over 30 consecutive years of annual
dividend increases to shareholders, a rare distinction among
publicly listed companies.
Headquartered in Livermore, California. Additional information
about McGrath and its businesses is available at mgrc.com and
investors.mgrc.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20221028005367/en/
Keith E. Pratt EVP & Chief Financial Officer
925-606-9200
McGrath RentCorp (NASDAQ:MGRC)
Historical Stock Chart
From Jun 2024 to Jul 2024
McGrath RentCorp (NASDAQ:MGRC)
Historical Stock Chart
From Jul 2023 to Jul 2024