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:

• Matthew Eagle, Vice President and former Chairman of the Board of the National Portable Storage Association (NPSA)
• Michael Eagle, Vice President of Sales
• Brandon Eagle, Vice President of Operations & Marketing

“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 Mike@rentacontainer.com.

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