Sunbelt Rentals

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Sunbelt Rentals Holdings, Inc.
FormerlyNeedroy Limited (1984–1986)
Ashtead Group plc (1986–2026) [1]
Company type Public limited company
NYSE:  SUNB
ISIN GB0000536739
IndustryPlant hire
Founded1947;79 years ago (1947)
Headquarters London, England, UK
South Carolina, United States (operational) [2] [3]
Key people
RevenueIncrease2.svg £9,980.4 million (2025) [4]
Decrease2.svg £2,557.2 million (2025) [4]
Decrease2.svg £1,510.5 million (2025) [4]
Number of employees
25,344 (2025) [5]
Website ir.sunbeltrentals.com

Sunbelt Rentals Holdings, Inc. is an American-British industrial equipment rental company based in London, England and South Carolina, United States. Domiciled in Delaware, it was listed on the London Stock Exchange and was a constituent of the FTSE 100 Index until it transferred its listing to the US in February 2026.

Contents

History

The company was founded in 1947, in the village of Ashtead, Surrey, as Ashtead Plant and Tool Hire. [6] It was first listed on the London Stock Exchange in 1986 and acquired an American plant hire business, Sunbelt Rentals, in 1990. [7]

In September 2018, the company appointed Paul Walker as non-executive chairman of its board. [8] [9]

In November 2018, it was announced that Geoff Drabble would retire as CEO after twelve years on 1 May 2019, and would be succeeded by Brendan Horgan, the Group Chief Operations Officer and chief executive of the company's North American business. [10]

In June 2022, the company's main operating subsidiary, was announced as an investor in lithium-ion battery developer Britishvolt. [11] After Britishvolt went into administration in January 2023, the company took a £35m hit from its collapse. [12]

In December 2024, the company announced plans to move its primary stock market listing from London to the US. It said the US was a "natural long term listing venue" because most of the group's profit came from North America, and its leadership, most of its 25,000 employees and its operational headquarters were all in the US. [13] Following approval from shareholders, the court approved the creation of a new US holding company, Sunbelt Rentals Inc, in February 2026. [14]

Operations

The company operates internationally, servicing customers in Canada, the United States and the United Kingdom. [15] Approximately 85% of its revenue is generated in the United States through the subsidiary Sunbelt Rentals, currently present in over 1,000 locations across the United States and Canada. [15]

The company's non-executive directors are Paul Walker, Angus Cockburn, Jill Easterbrook, Tanya Fratto, Reneta Ribeiro, Lucinda Riches and Lindsley Ruth. [9]

British operations

Sunbelt Rentals, formerly known as A-Plant, is present in over 185 locations throughout the United Kingdom, and has the following divisions: [15]

  • A-Plant, Plant
  • A-Plant, Accommodation
  • Astra Site Services, Excavator Attachments
  • Brightlights
  • FLG Services, Lifting and Handling Specialists
  • Hoist-It LTD
  • GB Access
  • Hewden Industrial, equipment hire to the petrochemical industry
  • Leada Acrow
  • Live Trakway
  • Mather+Stuart Power Solutions
  • PSS Hire
  • Rapid Climate Control
  • Tool Hire Express
  • A-Plant, Powered Access
  • A-Plant Customer Training Solutions
  • A-Plant, Rail
  • A-Plant, Lux Traffic Systems
  • Opti-cal Survey Equipment (Survey Hire Express)

References

  1. ↑ "Ashtead Group Public Limited Company overview - Find and update company information - GOV.UK". Companies House . 11 April 1984. Retrieved 13 February 2024.
  2. ↑ "About Us | Sunbelt Rentals - Tool & Equipment Rental Company". www.sunbeltrentals.com.
  3. ↑ "Ashtead equipment firm to move stock listing to US in blow for UK". www.bbc.com. 10 December 2024.
  4. 1 2 3 "Annual Results 2025" (PDF). Ashtead Group. Retrieved 2 March 2026.
  5. ↑ "At a glance - Ashstead Group". Ashtead Group. Retrieved 8 February 2025.
  6. ↑ "Business interview: Ashtead chief Geoff Drabble on beating the doubts to become a FTSE 100 giant". London Evening Standard. 8 June 2018. Retrieved 2 March 2026.
  7. ↑ "Ashtead drops A-Plant name". The Construction Index. 4 March 2020. Retrieved 2 March 2026.
  8. ↑ "Ashtead appoints Paul Walker as new chairman". Proactiveinvestors UK. 26 June 2018. Retrieved 28 October 2022.
  9. 1 2 "Leadership - Ashtead Group". www.ashtead-group.com. Retrieved 28 October 2022.
  10. ↑ Pollok, Murray (30 November 2018). "Drabble to retire from Ashtead in 2019". KHL. Retrieved 5 October 2019.
  11. ↑ "Britishvolt partners with Sunbelt Rentals to lower carbon footprint of Gigaplant and develop heavy equipment battery solutions (1 June 2022)". Britishvolt. 31 May 2022. Retrieved 12 January 2023.
  12. ↑ Ford, Coreena (10 March 2023). "Britishvolt collapse triggers £35m hit for listed plant hire firm Ashstead". Business Live. Retrieved 13 March 2023.
  13. ↑ "Blow to UK as equipment hire giant Ashtead heads for US". BBC News. 10 December 2024. Retrieved 10 December 2024.
  14. ↑ "Court Approval Of The Scheme Of Arrangement". Investegate. 24 February 2026. Retrieved 27 February 2026.
  15. 1 2 3 "AHT Profile & Executives - Ashtead Group PLC". Bloomberg. Retrieved 15 March 2015.
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