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)

17.8K

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

Professional

PR Contact

PR Contact

Board of Directors

Group Chief Financial Officer, Executive Director at Serco Group Plc

Executive Director & Chief Executive Officer at Ashtead Group Plc

Executive Director, Chief Executive Officer at Electrocomponents Plc

Professional at Ashtead Group Plc

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

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 U.S. and non-U.S. 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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Abrams Bison Investments 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 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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AIGSL is an active, research-oriented manager which invests in all major asset classes including equity, fixed-income, real estate and cash. They also have expertise in SRI and alternative investments. The firm manages equity funds and fixed-income funds, following long-only and hedged strategies. They specialize in UK-related markets and shares research globally throughout Aviva divisions. AIGSL employ a bottom-up investment process based on fundamental financial analysis and valuation, and informed by top-down macro-economic research. They select stock by focusing on favorable industry sectors and utilize a dividend discount model. Determinant criteria include return on assets, price-to-book ratio and a low historical price-to-earnings ratio.

Recent Transactions
Details Hidden

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

Details Hidden

Ashtead Group Plc, Opti-cal Survey Equipment Ltd. purchase Precision Geomatics Ltd. from NEL Capital

Details Hidden

Ashtead Plant Hire Co. Ltd., Ashtead Group Plc purchase Hoist It Ltd.

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 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

Clients

Tracsis Plc engages in solving a variety of data capture, reporting and resource optimization problems. It operates through two segments: Rail Technology and Services, and Traffic and Data Services. The Rail Technology and Services segment includes software, hosting services, consultancy, and remote condition monitoring. The Traffic and Data Services segment comprises the traffic data collection and event planning and traffic management. The company was founded in January 2004 and is headquartered in Leeds, the United Kingdom.

Key Stats and Financials As of 2019
Market Capitalization
$10.3B
Total Enterprise Value
$14B
Earnings Per Share
$1.66
Revenue
$4.5B
Net Profit
$797M
EBITDA
$2.11B
EBITDAMargin
46.8%
Total Debt
$3.76B
Total Equity
$2.8B
Enterprise Value Sales
3.1x
Enterprise Value EBITDAOperating
6.63x
TEVNet Income
17.53x
Debt TEV
0.27x
Three Year Compounded Annual Growth Rate Of Revenue
20.91%
Five Year Compounded Annual Growth Rate Of Revenue
22.45%
Investors
Details Hidden

Hereditary Peer at United Kingdom House of Lords

Suppliers
Micro Focus International Plc Other Business & Consulting Services | Newbury, BR

Micro Focus provides innovative software that allows companies to develop, test, deploy, assess and modernize business-critical enterprise applications. Micro Focus’ software enables customers’ business applications to respond rapidly to market changes and embrace modern architectures with reduced cost and risk. Micro Focus has more than 30 years of expertise, more than 18,000 customers and over two million licensed users, including 91 of the Fortune Global 100 companies.

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 Domestic and International segments. 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.

DEUTZ AG Industrial Machinery & Manufacturing | Cologne, NW

DEUTZ AG engages in the development, design, manufacture, distribution and servicing of diesel engines for professional applications. It operates through the following segments: DEUTZ Compact Engines and DEUTZ Customized Solutions. The DEUTZ Compact Engines segment comprises of water-cooled and oil-cooled diesel engines with capacities of up to eight liters. The DEUTZ Customized Solutions segment specializes in air-cooled engines and large liquid-cooled engines with capacities of more than eight liters. The company was founded by Eugen Langen and Nicolaus August Otto on March 31, 1864 and is headquartered in Cologne, Germany.

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

Home Depot, Inc. is a home improvement retailer, which 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 pump. 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 pump 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, NY

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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