Ashtead Group


Ashtead Group

Infobox Company
company_name = Ashtead Group plc
company_
company_type = Public (lse|AHT)
foundation = 1947
location = London, UK
key_people = Chris Cole, Chairman
Geoffrey Drabble, CEO
industry = Plant hire
products =
revenue = £976.1 million (2007)
operating_income = £184.5 million (2007)
net_income = £77.6 million (2007)
num_employees =
parent =
subsid =
homepage = [http://www.ashtead-group.com www.ashtead-group.com]
slogan =
footnotes =

Ashtead Group plc (lse|AHT) 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 250 Index.

History

Ashtead was founded in 1947 in the village of Ashtead, Surrey, as "Ashtead Plant and Tool Hire". [http://www.ashtead-group.com/about/history.asp Ashtead History] ] In 1986 it was first listed on the London Stock Exchange. 1n 1990 it bought Sunbelt Rentals. In 2006 it acquired NationsRent Inc for $1bn. [ [http://findarticles.com/p/articles/mi_hb5129/is_200610/ai_n18562932 Sunbelt and NationsRent to merge] ] In 2008 it sold Ashtead Technology in a management buyout deal. [ [http://uk.biz.yahoo.com/23062008/323/ashtead-sells-ashtead-technology-rentals-mbo-team-95-6-million.html Ashtead sells Ashtead Technology Rentals to MBO Team for £95.6m] ]

Operations

The Company operates internationally, with the majority of its business coming from the United States. 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.

UK operations

Ashtead Plant has become known as A-Plant and is split into 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, Lifting and Handeling"
*"A-Plant, Lux Traffic Systems"

USA Operations

In the US Ashtead group operates under the name "Sunbelt Rentals". Based in Charlotte, it is the second largest equipment rental company in the U.S. and has a large network of locations in 35 states as well as the District of Columbia. A Partnership with Lowes Hardware Stores means some locations are within Lowes Stores.

References

External links

* [http://www.ashtead-group.com/ Ashtead Group Official site]
* [http://www.aplant.com/ A-Plant]
* [http://www.sunbeltrentals.com/ Sunbelt Rentals]
* [http://uk.finance.yahoo.com/q/pr?s=AHT.L Yahoo profile]


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