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January 23, 2026
Kirkland Counsels Kinderhook Portfolio Companies on Two Deals

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AI-made summary
- Kirkland & Ellis represented Kinderhook Industries, LLC portfolio companies in two transactions
- IRONCLAD Environmental Solutions acquired Adler Tank Rentals from McGrath RentCorp, aiming to establish a national platform for specialty waste management and containment solutions
- VESTA Modular was sold to McGrath RentCorp for $400 million in cash
- The Kirkland team for both deals included corporate, debt finance, tax, and investment funds partners.
Kirkland & Ellis advised Kinderhook Industries, LLC portfolio companies on two deals: IRONCLAD Environmental Solutions (IRONCLAD) on its acquisition of Adler Tank Rentals from McGrath RentCorp; and VESTA Modular (VESTA) on its sale to McGrath RentCorp for a cash purchase price of $400 million. IRONCLAD is an industry-leading provider of specialty waste management solutions and temporary storage and containment equipment for hazardous and non-hazardous waste. The acquisition of Adler Tank Rentals will create a national platform for delivering specialty waste management, containment and transport solutions. VESTA is a leading provider of temporary and permanent modular space solutions across a diverse base of end markets and applications. Read the transaction press releases here and here The Kirkland team for both transactions was led by corporate partners Thomas Marbury and Shawn OHargan; debt finance partner Andy Veit; tax partner Philip Cooke; and investment funds partner John Budetti.
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