Ashtead Group

Ashtead Group plc
Public limited company
Traded as LSE: AHT
FTSE 100 Component
Industry Plant hire
Founded 1947 (1947)
Headquarters London, United Kingdom
Key people
 Chris Cole, Chairman
Geoff Drabble, CEO
Revenue £2,901.2 million (2017)[1]
£869.3 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 six hundred 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 185 locations throughout the United Kingdom[5] and has the following divisions:

  • A-Plant, Plant
  • A-Plant, Accommodation
  • Brightlights
  • FLG Services, Lifting and Handling specialists
  • 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

  1. 1 2 3 "Annual Report 2017" (PDF). Ashtead Group. Retrieved 25 February 2018.
  2. 1 2 3 "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. 1 2 3 "AHT Profile & Executives - Ashtead Group PLC". Bloomberg. Retrieved 15 March 2015.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.