During the Barclays conference, McGrath RentCorp outlined a modular-first strategy prioritizing prefabricated building modules over traditional containers. The company intends to allocate increased capital toward modular inventory to accelerate deployment cycles, boost utilization rates and capture higher-margin turnkey space solutions.

Management reported that modular units now account for 45% of total rental demand, up from 30% a year ago. This shift underscores growing customer preference for flexible, ready-to-use structures and supports expectations for improved fleet productivity.

CEO Chris Spyke will move into an executive chairman role, while COO Jane Smith will assume the CEO position effective October 1, 2026. The leadership change is aimed at leveraging Smith’s operational expertise and allowing Spyke to focus on strategic growth initiatives.