Ashtead Group

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Ashtead Group plc
Public limited company
Traded asLSEAHT
FTSE 100 Component
IndustryPlant hire
Founded1947; 72 years ago (1947)
HeadquartersLondon, United Kingdom
Key people
Paul Walker, Chairman
Brendan Horgan, CEO
Revenue£3,418.2 million (2018)[1]
£1,037.5 million (2018)[1]
£968.8 million (2018)[1]
Websitewww.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[edit]

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] It bought Pride Equipment Corporation for US $279 million in April 2017.[5]

In November 2018, it was announced that Geoff Drabble would retire as CEO after 12 years on 1 May 2019, and would be succeeded by Brendan Horgan, the Group COO and chief executive of Sunbelt Rentals, Ashtead's North American business.[6]

Operations[edit]

The company operates internationally, servicing customers in Canada, the United States and the United Kingdom.[7] Approximately 85% of its revenue is generated in the United States through the subsidiary Sunbelt Rentals, currently present in six hundred locations across the United States and Canada.[7]

British operations[edit]

A-Plant, formerly known as Ashtead Plant, is present in over 185 locations throughout the United Kingdom[7] and has the following divisions:

  • A-Plant, Plant
  • A-Plant, Accommodation
  • Astra Site Services, Excavator Attachments
  • Brightlights
  • FLG Services, Lifting and Handling Specialists
  • Hoist-It LTD
  • GB Access
  • Hewden Industrial, equipment hire to the petrochemical industry
  • Leada Acrow
  • Live Trakway
  • Mather+Stuart Power Solutions
  • PSS Hire
  • Rapid Climate Control
  • Tool Hire Express
  • A-Plant, Powered Access
  • A-Plant Customer Training Solutions
  • A-Plant, Rail
  • A-Plant, Lux Traffic Systems
  • Opti-cal Survey Equipment (Survey Hire Express)

References[edit]

  1. ^ a b c "Annual Report 2018" (PDF). Ashtead Group. Retrieved 2 March 2019.
  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. ^ "Ashtead expands in the US with acquisition of Pride Equipment". Proactive Investors. Retrieved 2 March 2019.
  6. ^ Pollok, Murray (30 November 2018). "Drabble to retire from Ashtead in 2019". KHL. Retrieved 5 October 2019.
  7. ^ a b c "AHT Profile & Executives - Ashtead Group PLC". Bloomberg. Retrieved 15 March 2015.

External links[edit]