It takes more than a subordinate clause inserted after its name to explain what Ashtead does. While it is known as a tool hire business for the trades, this company actually does an awful lot more — and almost all of it in America.
Ashtead’s roots lie in Britain and in tools. Founded in 1947 in the Surrey town that gave it its name, it started out as Ashtead Plant Hire, supplying local builders and farmers with diggers, cement mixers and other kit needed to carry out smaller building jobs.
After listing in 1986, it made its big move into the United States in 1990, buying Sunbelt Rentals. Boosted by two subsequent acqusitions, Ashtead has grown to be the second largest player in the market,