Ashtead Group

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Ashtead Group plc
Public limited company
Traded as LSEAHT
FTSE 100 Component
Industry Plant hire
Founded 1947; 71 years ago (1947)
Headquarters London, United Kingdom
Key people
Chris Cole, Chairman
Geoff Drabble, CEO
Revenue £2,901.2 million (2017)[1]
£897.6 million (2017)[1]
£501.0 million (2017)[1]
Website www.ashtead-group.com

Ashtead Group plc is a British industrial equipment rental company formerly based in Leatherhead, Surrey, but which has since moved to new offices in the City of London. It is listed on the London Stock Exchange, and is a constituent of the FTSE 100 Index.

History

Ashtead was founded in 1947, in the village of Ashtead, Surrey, as Ashtead Plant and Tool Hire.[2] In 1986, it was first listed on the London Stock Exchange.[2] In 1990, it bought Sunbelt Rentals.[2] In October 2006, it acquired NationsRent Inc for $1bn.[3] In June 2008, it sold Ashtead Technology in a management buyout deal.[4]

Operations

The company operates internationally, servicing customers in the United States and United Kingdom.[5] It hires out large industrial items such as aerial work platforms, backhoes, excavators and forklift trucks, and smaller equipment such as power saws, ladders, and pumps. Approximately 85% of its revenue is generated in the United States through the subsidiary Sunbelt Rentals, currently present in 600 locations across the United States and Canada.[5]

Ashtead offices at King's House in London

British operations

A-Plant, formerly known as Ashtead Plant, is present in over 130 locations throughout the United Kingdom[5] and has the following divisions:

  • A-Plant, Plant and Tools
  • A-Plant, Acrow
  • A-plant, Trenchless Technologies
  • A-Plant, Accommodation
  • A-Plant, Power Generation and Rentarc
  • A-Plant, Rail
  • A-Plant, Powered Access
  • A-Plant, Lux Traffic Systems
  • A-Plant, Opti-cal Survey Equipment
  • FLG Services, Lifting and Handling specialists
  • Hewden Industrial, equipment hire to the petrochemical industry

References

  1. ^ a b c "Annual Report 2017" (PDF). Ashtead Group. Retrieved 25 February 2018. 
  2. ^ a b c "Our history". Ashtead Group. Retrieved 15 March 2015. 
  3. ^ "Sunbelt and NationsRent to merge". Construction Equipment. 1 October 2006. Retrieved 15 March 2015. 
  4. ^ "Ashtead sells Ashtead Technology Rentals to MBO Team for £95.6m". Reuters. 23 June 2008. Retrieved 15 March 2015. 
  5. ^ a b c "AHT Profile & Executives - Ashtead Group PLC". Bloomberg. Retrieved 15 March 2015. 

External links

  • Ashtead Group Official site
  • A-Plant
  • Sunbelt Rentals
  • Yahoo profile
  • European Rental Association
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