Mobile Mini Tank

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

Everything said about Mobile Mini 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 negative
Assertion Not checkable as stated
Michalik: Mobile Mini Tank targeted only 2% price increases amid 9% inflation
“They've been targeting two percent price increases and what at that point was starting to become a nine percent inflationary environment.”
Rob Michalik Nov 11, 2024 ▶ 18:55 [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)
Nov 11, 2024
Disclosure
Kinderhook acquired Mobile Mini Tank for less than 7x EBITDA
“We bought the business for less than seven times EBITDA.”
Rob Michalik Nov 11, 2024 ▶ 25:02 [REPLAY] Ironclad Environmental Services – Chris and Rob Michalik (Kinderhook Industries), (PE Deals, S3E8)
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