BNET Industries

Market Cap:$482.4M
Last Fiscal Year Sales:$304.1M
  • Public
  • US
Dow Jones Description

Relocatable Modular Office & Classroom Space & Electronic Test Equipment Mfr, Retailer & Renter

President and Chief Executive Officer, Nomis Solutions
Dennis P. Stradford
Number of Employees 688
Contact Information

5700 Las Positas Rd

Livermore, California 94551

www.mgrc.com

(925) 606-9200

NAICS Code Other Commercial and Industrial Machinery and Equipment Rental and Leasing: 532490

Recent Events

  • McGrath RentCorp Announces Results for Third Quarter 2009

    11/05/09 - Financial Announcement - View Story

  • Bay Biz Buzz: Chevron names Watson new CEO

    9/30/09 - Stock Split / Dividend - View Story

  • McGrath RentCorp Announces Results for Second Quarter 2009

    8/06/09 - Financial Announcement - View Story

  • McGrath RentCorp elects nonexecutive chairman

    6/08/09 - Mgmt. Change Entering - Other - View Story

  • Former GATX CEO Zech Named Chairman of McGrath RentCorp

    6/09/09 - Board Member - Entering - View Story

News & Analysis

mcgrath rentcorp - All News and Analysis

Decision Makers

Name (plus bio) Position
Dennis P. Stradford President and Chief Executive Officer, Nomis Solutions
Joseph Hanna Senior Vice President and Chief Operating Officer
Keith Pratt Senior Vice President and Chief Financial Officer
Randle Rose Senior Vice President, Chief Administrative Officer and Secretary
Thomas Sauer CFO & Vice President
David Whitney Vice President, Principal Accounting Officer and Corporate Controller
Gordon Brown Richard Vice President & Division Manager
Joan M. McGrath Vice President
Kay Dashner Vice President, Human Resources
Phil Hawkins Vice President and Division Manager, Trs, Rentelco
Philip B Hawkins Vice President & Division Manager
Phillip B Hawkins Vice President and Division Manager, Trs, Rentelco
Richard Brown Vice President and Division Manager, Mobile Modular
Susan Boutwell Vice President, TRS, RenTelco

Board of Directors

Name (plus bio) Position
Robert P. McGrath Chairman Emeritus
Ronald H. Zech Chairman
Dennis Kakures Board of Directors
Robert C. Hood Board of Directors
William J. Dawson Board of Directors

Organization Position Status
McGrath RentCorp President and Chief Executive Officer, Nomis Solutions Current
Nomis Solutions, Inc. Chief Executive Officer Current
Brighterion, Inc. President and CEO Cascadeworks, Inc. Current
Nomis Solutions, Inc. President Current
McGrath RentCorp Board of Directors Current
Next Stage Consulting Director Current
Brighterion, Inc. Board of Directors Current
Flextronics International Ltd. Senior Vice President of Sales and Marketing Former
San Jose State University Bachelors of Arts Degree Former

Joseph F. Hanna Senior Vice President and Chief Operating Officer Joseph F. Hanna was appointed Chief Operating Officer in June of 2007. Prior to that, he served as Senior Vice President of Operations of the Company starting in January 2005, and he served as Vice President of Operations since joining the Company in 2003. Mr. Hanna has extensive sales and operations experience, including 12 years at SMC Corporation of America (a subsidiary of SMC Corporation, Tokyo, Japan) where he served in various leadership positions. His prior experience also includes serving as an officer in the United States Army. Mr. Hanna received a B.S. in Electrical Engineering from the United States Military Academy, West Point, New York.

Organization Position Status
McGrath RentCorp Senior Vice President and Chief Operating Officer Current
SMC Inc. Former
United States Military Academy B.S. In Electrical Engineering Former

Keith E. Pratt was appointed Senior Vice President in June 2007, having joined the Company in January 2006 as Vice President; he was named Chief Financial Officer in March 2006. Most recently, he was with Advanced Fibre Communications (AFC), a public telecommunications equipment company in Petaluma, California, where he served as Senior Vice President and Chief Financial Officer. Mr. Pratt served as CFO from 1999 until AFC was acquired by Tellabs, at the end of 2004. He also served as Director of Corporate Development at AFC prior to becoming CFO. Prior to Mr. Pratt joining AFC, he served as Director, Strategy & Business Development Group at Pacific Telesis. Mr. Pratt has an undergraduate degree from Cambridge University in Production Engineering and an MBA from Stanford University.

Organization Position Status
McGrath RentCorp Senior Vice President and Chief Financial Officer Current
Pacific Telesis Director, Strategy & Business Development Group Former
Advanced Fibre Communications, Inc. Former
Stanford University MBA Former
Cambridge University Undergraduate Degree Former

Randle F. Rose Senior Vice President, Chief Administrative Officer and Secretary Randle F. Rose was appointed Senior Vice President, Chief Administrative Officer and Secretary in June 2007. He joined the Company in 1997 as its Vice President of Administration and was elected Secretary in 1999. Mr. Rose received a B.S. in Business Finance from San Jose State University.

Organization Position Status
McGrath RentCorp Senior Vice President, Chief Administrative Officer and Secretary Current
California State University B.S. in Business Finance Former

Organization Position Status
McGrath RentCorp CFO & Vice President Current
McGrath RentCorp Board of Directors Current
McGrath RentCorp Accounting Manager Former
Golden Gate University M.B.A. in Accounting Former
University of California, Berkeley BS Degree In Business Former

David M. Whitney joined the Company as its Corporate Controller in 2000 and was elected Vice President and Principal Accounting Officer in March 2006. Previously he was Manager of Regional Accounting for The Permanente Medical Group in Oakland, California. Mr. Whitney holds a BS in Accounting from California State University at Hayward, and is a Certified Public Accountant.

Organization Position Status
McGrath RentCorp Vice President, Principal Accounting Officer and Corporate Controller Current
The Permanente Medical Group, Inc. Manager Former
California State University B.S. In Accounting Former

Organization Position Status
McGrath RentCorp Vice President & Division Manager Current

Organization Position Status
McGrath RentCorp Vice President Current
McGrath RentCorp Director Current
University of San Francisco M.A. In Theology Former
Marymount College B.A. In English Literature Former

Kay Dashner joined the Company in 2005 as the Director of Human Resources and was promoted to Vice President, Human Resources in June 2008. Previously, she held various HR leadership positions in the retail, insurance and software industries, most recently at Netsuite and BMC Software, Inc. Ms. Dashner graduated from Santa Clara University with a B.S. in Management.

Organization Position Status
McGrath RentCorp Vice President, Human Resources Current

Organization Position Status
McGrath RentCorp Vice President and Division Manager, Trs, Rentelco Current

Organization Position Status
McGrath RentCorp Vice President & Division Manager Current

Phillip B. Hawkins Vice President and Division Manager, TRS-RenTelco Phil Hawkins was promoted from Manager, Financial Planning & Analysis to Vice President and Division Manager of the Company's TRS-RenTelco division in June 2007. Mr. Hawkins received B.S. degrees in Accounting, Finance and Computer Information Systems from Arizona State University. Mr. Hawkins joined the Company in 2004 as a financial analyst.

Organization Position Status
McGrath RentCorp Vice President and Division Manager, Trs, Rentelco Current

Richard G. Brown was appointed Vice President of the Company and Division Manager of Mobile Modular in January 2005. He previously served as Division Manager of the Company’s modular division from July 2002 to January 2005. He joined the Company in 1992 and has served in both sales and branch management positions for the Company’s modular division. He received a B.A. in Speech Communication from California State University, Northridge in 1992 and an M.B.A. from Azusa Pacific University in 1998.

Organization Position Status
McGrath RentCorp Vice President and Division Manager, Mobile Modular Current
Azusa Pacific University M.B.A. Former
California State University Northridge B.A. In Speech Communication Former
California State University B.A. In Speech Communication Former

Susan P. Boutwell was appointed Vice President of the Company and Division Manager of TRS-RenTelco in January 2005. She previously served as Division Manager of the Company s TRS-RenTelco division from June 2004 to January 2005. She is a 24-year veteran of Technology Rentals and Services (TRS), an electronics equipment rental division of CIT Technologies Corporation that was acquired by the Company in June 2004. At TRS, Ms. Boutwell served in leadership roles including Executive Vice President, Life Cycle Management, from August 2003 to June 2004, as well as sales management, operations and credit/collections. Each executive officer of the Company serves at the pleasure of the Board of Directors.

Organization Position Status
McGrath RentCorp Vice President, TRS, RenTelco Current
Trs-Rentelco Division Manager Former

Organization Position Status
McGrath RentCorp Chairman Emeritus Current
McGrath RentCorp Board of Directors Current
McGrath RentCorp Chairman Former
University of Notre Dame B.S. in Electrical Engineering Former

Organization Position Status
McGrath RentCorp Chairman Current
McGrath RentCorp Board of Directors Current
The PMI Group Inc. Board of Directors Current
GATX Corporation Chief Executive Officer Former
Financial Guaranty Insurance Company Chairman and Chief Executive Officer of Gatx Corporation Former
GATX Corporation Chief Operating Officer Former
GATX Corporation Chairman Former
University of Wisconsin M.B.A. Former
Valparaiso University B.S. In Electrical Engineering Former

Dennis C. Kakures President and Chief Executive Officer Dennis C. Kakures was elected a director of the Company in 2003 and became the Chief Executive Officer of the Company in 2003. Mr. Kakures has been the President of the Company since 1995. He joined the Company in 1982 as Sales and Operations Manager of the Company’s Northern California office and has also served as a Vice President of the Company in 1987, Chief Operating Officer from 1989 to 2003 and Executive Vice President from 1993 to 1995. Mr. Kakures received a B.S. in Marketing from California State University at Hayward.

Organization Position Status
McGrath RentCorp Board of Directors Current
McGrath RentCorp President and Chief Executive Officer Former
California State University B.S. In Marketing Former

Organization Position Status
Morsystems, Inc. Current
McGrath RentCorp Board of Directors Current
Excite Chief Financial and Administrative Officer Former
Crowley Maritime Corporation Chief Financial Officer Former
Excite Executive Vice President Former
Bates College B.A. In Economics Former

Mr. Dawson has been our Vice President, Finance, and Chief Financial Officer since August 2004. From 2002 until he joined us in 2004, he was Vice President, Finance & Operations, and CFO of Dynavax Technologies Corporation, a biopharmaceutical company. Mr. Dawson was Corporate Senior Vice President, Business Development, for McKesson Corporation, a pharmaceutical distribution and healthcare services company, from 1998 until 2001. Prior to McKesson, Mr. Dawson spent 15 years as a senior officer in corporate finance with three investment banking firms. Mr. Dawson serves on the boards of directors of McGrath RentCorp, an equipment finance company, and Wellington Trust Company, a subsidiary of Wellington Management Company LLP, a private institutional fund management company.

Organization Position Status
Cerus Corporation Vice President, Finance and Chief Financial Officer Current
Wellington Management Company, LLP Board of Directors Current
Wellington Trust Co. Board of Directors Current
McGrath RentCorp Board of Directors Current
Dynavax Technologies Corp. Chief Financial Officer Former
McKesson Corporation Senior Vice President, Business Development Former
Dynavax Technologies Corp. Vice President, Finance & Operations Former
McKesson Corporation Senior Officer Former
Harvard Business School MBA Former
Stanford University A.B. In Mechanical Engineering Former
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     MGRC $20.30 -0.03 (-0.15% )
Average Volume 73,982
Shares Outstanding 23.76M
Market Cap 482.4M
Year High 24.76
Year Low 12.01
Earnings Per Share 1.42
P/E Ratio 14.30
Dividend 0.88
Yield 4.33
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