Ashtead Group Plc

Ashtead Group Plc

Ashtead Group Plc

Overview
Date Founded

2019

Headquarters

100 Cheapside,London, Greater London EC2V 6DT

Type of Company

Public

Employees (Worldwide)

19.3K

Industries

Other Business & Consulting Services
Other Transportation
Consumer Finance

Company Description

Ashtead aims to be a leader in the global equipment rental business delivering strong returns for its investors through the exploitation of growth opportunities and by being world class at what we do. We aim to achieve these objectives by generating strong organic growth combined with growth through acquisition as well as delivering high levels of customer satisfaction. We believe that the Group’s key strengths lie in its ability to manage and incentivise its staff to deliver strong returns on investment from a capital asset base comprising large numbers of individually modest value assets and in the computer systems it has developed to facilitate this. These skills were first applied successfully in the UK through A-Plant and then in the US where Sunbelt has now grown to be four times larger than A-Plant in a substantially larger market. In years to come, we believe that it may be appropriate for the Group to continue to broaden the product types and geographical markets in which it applies its key strengths

Executives & Employees

Executive Director & Chief Executive Officer

Executive Director, Finance Director

Chief Executive Officer, a-Plant

Company Secretary & Legal Counsel

PR Contact

PR Contact

Board of Directors

Executive Director, Group Chief Financial Officer at Serco Group Plc

Former Chief Executive Officer Supply Chain Americas/Asia Pacific at Deutsche Post AG

Executive Director & Chief Executive Officer at Ashtead Group Plc

Executive Director, Chief Executive Officer at Electrocomponents Plc

Former Managing Director-Developing Businesses at Tesco.Com Ltd.

Executive Director, Finance Director at Ashtead Group Plc

Former Managing Director-Investment Banking at Lehman Brothers Europe Ltd.

Senior Managing Director & Head of EMEA Technology at FTI Consulting, Inc.

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Owners & Shareholders
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Harris uses a value investment philosophy in selecting equity and equity-like securities of US and non-US issuers. The firm's investment philosophy spans across large, mid and small cap companies. In addition, Harris may hedge a client’s exposure to direct or indirect foreign currencies. In constructing portfolios for their clients, the firm seeks out companies that they believe are trading in the market at significant discounts to their underlying value. Harris believes purchasing businesses at a discount to intrinsic value minimizes risk while providing substantial profit potential. The firm uses a bottom-up approach focused on individual companies, rather than focusing on specific economic factors or industries. Harris generates their research ideas from a variety of internal and external sources. The firm’s research process seeks to identify companies selling at a discount to its estimate of intrinsic value.

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ABI has a focus on long-term equity and risk arbitrage investment. The firm seeks to make concentrated investments in publicly traded companies where they believe the market price of a business is significantly below its present value. The investment strategy does not place any restriction on Abrams Bison's ability to invest any portion of their clients' accounts assets in a single industry, sector, market capitalization or geographic area, although the firm has historically focused on US companies.

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JAM’s fund managers carry out rigorous research by examining company reports, news flow and through face-to-face meetings with the senior management of the companies in their investment universe. This process provides their teams with the intelligence required to asses whether a share or bond meets the criteria for inclusion in their portfolios. The outcome is a portfolio focused on those shares or bonds that satisfy their fund managers’ individual investment process and in which they have the highest belief. JAM’s fund managers employ a bottom-up approach to construct portfolios specializing in UK and European equities, global financials and emerging Europe. They complement their core strengths in equity and multi-manager products with multi-asset, fixed-income and absolute return offerings. While their fund managers work as a team to share stock ideas and debate market prospects, each manager has individual responsibility for their own portfolios. JAM regularly reviews key statistics for funds and utilizes tracking error, absolute volatility and factor risk at country, industry and stock level as their main measures of risk. Their SRI team aims to deliver long-term performance by investing in companies with positive growth, supported by trends in environmental and social policies and regulations focusing on clean energy, water management, green transport, waste management, sustainable living and environmental services.

Recent Transactions
Details Hidden

Ashtead Group Plc purchases William F. White International, Inc. from The Comweb Group, Inc.

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Ashtead Group Plc, Sunbelt Rentals, Inc. purchase Six & Mango Equipment LLP

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Center Rock Capital Partners LP purchases Signature Systems Group, LLC from Ashtead Group Plc

Transaction Advisors
Accountant

Advised onAshtead Group Plc purchases UK Plant Ltd.

Legal Advisor

Advised onAshtead Group Plc purchases McLean Rentals, Inc.

Investment Advisor

Advised onAshtead Group Plc purchases Sheriff Holdings Plc

Legal Advisor

Advised onPhoenix Equity Partners Ltd., Ashtead Technology Ltd. /Private Group purchase Ashtead Technology Ltd. from Ashtead Group Plc

Legal Advisor

Advised onAshtead Group Plc, Sunbelt Rentals, Inc. purchase NationsRent Cos., Inc. from The Baupost Group LLC

Legal Advisor

Advised onAshtead Group Plc, Sunbelt Rentals, Inc. purchase NationsRent Cos., Inc. from The Baupost Group LLC

Advisors & Consultants
Advisor

Former Professional at Stanley Black & Decker, Inc.

Legal Advisor

Partner, Banking at Skadden, Arps, Slate, Meagher & Flom LLP

Legal Advisor

Partner at Davis Polk & Wardwell LLP

Key Stats and Financials As of 2020
Market Capitalization
$18.8B
Total Enterprise Value
$19.3B
Earnings Per Share
$2.04
EBITDAMargin
46.99%
Enterprise Value EBITDAOperating
6.45x
Three Year Compounded Annual Growth Rate Of Revenue
16.61%
Revenue
$6.37B
Debt TEV
0.37x
TEVNet Income
20.72x
Enterprise Value / Sales
3.03x
Net Profit
$933M
Total Equity
$3.75B
Total Debt
$7.07B
EBITDA
$3B
Investors
Details Hidden

Hereditary Peer at United Kingdom House of Lords

Suppliers
Generac Holdings, Inc. Industrial Machinery & Manufacturing | Waukesha, WI

Generac Holdings, Inc. engages in the design and manufacture of power generation equipment and other power products. It operates through the following segments: Domestic and International. The Domestic segment includes the legacy Generac, and the impact of acquisitions that are based in the United States. The International segment comprises of ottomotors, tower light, pramac, motortech, and selmec businesses. The company was founded in 1959 and is headquartered in Waukesha, WI.

Agree Realty Corp. Trusts & Funds | Farmington Hills, MI

Agree Realty Corp. is a real estate investment trust, which focuses on the ownership, development, acquisition, and management of retail properties net leased to national tenants. It specializes in acquiring and developing net leased retail properties for retail tenants. The company was founded by Richard Agree in 1971 and is headquartered in Bloomfield Hills, MI.

Equiniti Group Plc Other Business & Consulting Services | London, United Kingdom

Equiniti Group Plc is a holding company, which engages in the provision of technology and solutions for complex and regulated administrations; serving blue-chip enterprises; and public sector organizations. It operates through the following segments: Investment Solutions, Interest Income, EQ US, Pension Solutions, and Intelligent Solutions. The Investment Solutions segment provides a broad range of services, including share registration, administration of SAYE schemes, share incentive plans, hare dealing, wealth management and international payments to corporate clients and their employees, as well as directly to retail customers. The Interest Income segment earns interest income as a fee for the administration of certain client and customer balances. The Intelligent Solutions segment targets complex or regulated activities to help organizations manage their interactions with customers, citizens and employees. The Pension Solutions segment offers administration and payment services to pension schemes, as well as pension software, data solutions, and life and pensions administration. The EQ US segment offers a range of transfer agent services that enable clients to manage share registers, communicate with shareowners and undertake significant corporate actions. The company was founded in 2007 and is headquartered in London, the United Kingdom.

Competitors
The Home Depot Retail: Home Improvement - Atlanta, GA

The Home Depot, Inc. engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products, and decor products. It offers home improvement installation services,and tool and equipment rental. The company was founded by Bernard Marcus, Arthur M. Blank, Kenneth Gerald Langone, and Pat Farrah on June 29, 1978 and is headquartered at Atlanta, GA.

United Rentals, Inc. Other Business & Consulting Services - Stamford, Connecticut

United Rentals, Inc. engages in the equipment rental business. It offers rent to construction and industrial companies, manufacturers, utilities, municipalities, homeowners and government entities. The company operates through two business segments: General Rentals; and Trench, power and fluid solutions. The General Rentals segment engages in the rental of construction, aerial and industrial equipment, general tools and light equipment, and related services and activities. The trench, power and fluid solutions segment includes the rental of specialty construction products and related services. It comprises of Trench Safety region, which rents trench safety equipment such as trench shields, aluminum hydraulic shoring systems, slide rails, crossing plates, construction lasers and line testing equipment for underground work, the Power and HVAC region that rents power and HVAC equipment such as portable diesel generators, electrical distribution equipment, and temperature control equipment including heating and cooling equipment, the Pump Solutions region involves in the rental of pumps primarily used by energy and petrochemical customers. United Rentals was founded by Bradley S. Jacobs in 1997 and is headquartered in Greenwich, CT.

VP Plc Other Business & Consulting Services - Harrogate, United Kingdom

Vp Plc engages in the provision of equipment rental and associated services. It offers its products and services to a diverse range of end markets including infrastructure, construction, housebuilding, and oil and gas. It operates through the United Kingdom, and International segments. The company was founded in 1954 and is headquartered in Harrogate, the United Kingdom.

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