Ashtead Group Plc

Ashtead Group Plc

Ashtead Group Plc

Overview
Date Founded

1984

Headquarters

100 Cheapside,London, Greater London EC2V 6DT

Type of Company

Public

Employees (Worldwide)

18.8K

Industries

Other Business & Consulting Services
Industrial Machinery & Manufacturing
Engineering, Construction & Architecture
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

Chief Financial Officer, Treasurer & Executive Director

Chief Executive Officer, a-Plant

Company Secretary & Legal Counsel

PR Contact

Board of Directors

Executive Director, Chief Executive Officer at Electrocomponents Plc

Former Interim Chief Executive Officer at Aggreko Plc

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

Executive Director & Chief Executive Officer at Ashtead Group Plc

Former Chief Customer Officer at Tesco Plc

Chief Financial Officer, Treasurer & Executive 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.

Paths to Ashtead Group Plc
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Ashtead Group Plc
Owners & Shareholders
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ABI generally focuses 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 their 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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MAGIM follows a bottom-up approach to select equities, seeking to identify companies with clear corporate strategies, strong finances, hard-to-replicate assets and talented management.

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WBIM is an active investment manager that utilizes a variety of methods and strategies to make investment decisions and recommendations. The firm employs both fundamental and technical research methods when evaluating investment opportunities. They offer a broad range of equity, fixed income, multi-asset, multi-currency, and systematic investment styles to clients.

Recent Transactions
Details Hidden

Ashtead Group Plc, Sunbelt Rentals of Canada, Inc. purchase 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

Head, Corporate M&A & Equity Capital Markets

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 Executive Director & Chief Executive Officer at Ashtead Group Plc

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 2021
Market Capitalization
$38B
Total Enterprise Value
$34.7B
Earnings Per Share
$2.16
Revenue
$6.97B
Three Year Compounded Annual Growth Rate Of Revenue
10.73%
Debt TEV
0.17x
TEVNet Income
35.97x
Enterprise Value EBITDAOperating
10.9x
Enterprise Value / Sales
4.99x
EBITDAMargin
45.74%
Net Profit
$966M
Total Debt
$5.83B
EBITDA
$3.19B
Total Equity
$4.53B
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. Real Estate | 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 Computer Software | 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. The firm operates through the following geographical segments: U.S., Canada and Mexico. 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 firm operates through two business segments: General Rentals; and Trench, Power & 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 & 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. The company was founded by Bradley S. Jacobs in 1997 and is headquartered in Stamford, 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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