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Adler Tank

0 statements across 0 episodes · 1 bullish · 0 bearish · 1 people on the record · first statement Nov 11, 2024 by Rob Michalik · across every show →

Everything said about Adler Tank, oldest first

Nov 11, 2024
Disclosure
Kinderhook secured the Adler Tank add-on before closing Mobile Mini
“We had in our back pocket the opportunity to acquire the Adler Tank business, which was their largest competitor. We knew that at the point at which we finally agreed to terms, and that made us pretty pleased with the outcome that we were able to drive.”
Rob Michalik Nov 11, 2024 ▶ 23:44 [REPLAY] Ironclad Environmental Services – Chris and Rob Michalik (Kinderhook Industries), (PE Deals, S3E8)
Nov 11, 2024 positive
Assertion Not checkable as stated
Michalik: Ironclad raised fleet utilization to 67-68% from 50% and mid-60s
“The mobile mini division was running in the mid-sixties of utilization. We bought it. The Adler division was running just about 50% utilization. Today we're at combined 67, 68%.”
Rob Michalik Nov 11, 2024 ▶ 32:15 [REPLAY] Ironclad Environmental Services – Chris and Rob Michalik (Kinderhook Industries), (PE Deals, S3E8)
Nov 11, 2024
Assertion Supported
Mobile Mini and Adler combination created largest North American waste tank player
“So I think we closed on the mobile mini tanks October first of 22. February first of 23, we closed on the Adler add-on acquisition. That made us the largest player by assets in the industrial waste tank business in North America.”
Rob Michalik Nov 11, 2024 ▶ 25:31 [REPLAY] Ironclad Environmental Services – Chris and Rob Michalik (Kinderhook Industries), (PE Deals, S3E8)
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