Ashtead Group
Encyclopedia
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 250 Index
.
, Surrey
, as Ashtead Plant and Tool Hire. 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. In 2008 it sold Ashtead Technology in a management buyout deal.
. 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.
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. As of 2010 Lowe's partnership with sunbelt rentals has diminished leading to closing many locations within Lowe's.
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
industrial equipment rental company formerly based in Leatherhead
Leatherhead
Leatherhead is a town in the County of Surrey, England, on the River Mole, part of Mole Valley district. It is thought to be of Saxon origin...
, Surrey
Surrey
Surrey is a county in the South East of England and is one of the Home Counties. The county borders Greater London, Kent, East Sussex, West Sussex, Hampshire and Berkshire. The historic county town is Guildford. Surrey County Council sits at Kingston upon Thames, although this has been part of...
but which has since moved to new offices in the City of London
City of London
The City of London is a small area within Greater London, England. It is the historic core of London around which the modern conurbation grew and has held city status since time immemorial. The City’s boundaries have remained almost unchanged since the Middle Ages, and it is now only a tiny part of...
. It is listed on the London Stock Exchange
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
and is a constituent of the FTSE 250 Index
FTSE 250 Index
The FTSE 250 Index is a capitalisation-weighted index consisting of the 101st to the 350th largest companies on the London Stock Exchange. Promotions to and demotions from the index take place quarterly in March, June, September and December...
.
History
Ashtead was founded in 1947 in the village of AshteadAshtead
Ashtead is a village situated within the Metropolitan Green Belt of Surrey, England, and is just outside of the suburbia of London. It is separated from Leatherhead by the M25, and from Epsom by Ashtead Common.- History :...
, Surrey
Surrey
Surrey is a county in the South East of England and is one of the Home Counties. The county borders Greater London, Kent, East Sussex, West Sussex, Hampshire and Berkshire. The historic county town is Guildford. Surrey County Council sits at Kingston upon Thames, although this has been part of...
, as Ashtead Plant and Tool Hire. In 1986 it was first listed on the London Stock Exchange
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
. 1n 1990 it bought Sunbelt Rentals. In 2006 it acquired NationsRent Inc for $1bn. In 2008 it sold Ashtead Technology in a management buyout deal.
Operations
The Company operates internationally, with the majority of its business coming from the United StatesUnited States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
. 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 Handling
- 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.United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
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. As of 2010 Lowe's partnership with sunbelt rentals has diminished leading to closing many locations within Lowe's.
Senior management
| role | salary | bonus | total | |
|---|---|---|---|---|
| Geoff Drabble | Chief executive officer | £456,000 | £114,000 | £570,000 |
| S.Ian Robson | Finance director | £328,000 | £82,000 | £410,000 |
| Sat Dhaiwal | Executive director | £220,000 | £220,000 |