Mac-Gray Corporation: Stock Symbol and Acquisition History

Mac-Gray Corporation is a business entity that is not publicly traded. As a privately held company, Mac-Gray Corporation does not have its stock listed on any stock exchange. Instead, it is owned by another well-known company: CSC ServiceWorks Inc.

Previous Stock Symbol

For a period in its history, Mac-Gray Corporation was publicly traded on the New York Stock Exchange (NYSE). During this time, its stock symbol was TUC. This symbol represented the company's status as a publicly traded entity and allowed investors and financial analysts to track its stock performance.

Acquisition by CSC ServiceWorks Inc.

On January 1, 2014, Mac-Gray Corporation was acquired by CSC ServiceWorks Inc., a provider of integrated service and support solutions. This acquisition marked the end of Mac-Gray Corporation's public life, as it ceased to be traded on any stock exchange at that time.

The move by CSC ServiceWorks Inc. reflects a strategic decision aimed at enhancing its portfolio and operational efficiency. By acquiring Mac-Gray Corporation, CSC ServiceWorks Inc. could benefit from the synergies and expertise that Mac-Gray Corporation offered in the service and support solutions market.

Impact on Investors and Shareholders

The acquisition of Mac-Gray Corporation by CSC ServiceWorks Inc. had significant implications for its investors and shareholders. For those who previously held shares of Mac-Gray Corporation, the acquisition meant a transition from being part of a publicly traded company to becoming a part of a larger, privately held entity.

While this change might seem disruptive, it also presents new opportunities. Being part of CSC ServiceWorks Inc. allows former Mac-Gray Corporation shareholders to benefit from the resources and broader market presence of a larger company. Additionally, the acquisition could lead to enhanced growth prospects and improved financial stability for the company, which might positively impact its long-term performance.

It is important to understand the history and current status of Mac-Gray Corporation. While it is no longer a publicly traded company, it remains a significant player within the service and support solutions market, as part of CSC ServiceWorks Inc. The acquisition serves as a testament to the strategic vision and capabilities of both companies involved. For anyone interested in investing in service solutions, the acquisition might be a valuable reference point in understanding market dynamics and corporate strategies.

Keywords: Mac-Gray Corporation, stock symbol, CSC ServiceWorks