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What smart money is saying about Ashtead GroupUnited Kingdom flag

AHT.L · Industrials · Rental & Leasing Services

4 funds in our archive have pitched Ashtead Group — most recently Turtle Creek in September 2025.

Company profile

Ashtead Group plc, together with its subsidiaries, engages in the construction, industrial, and general equipment rental business in the United States, the United Kingdom, and Canada. It provides pumps, power generation, heating, cooling, scaffolding, traffic management, temporary flooring, trench shoring, and lifting services. The company offers its products and services for facilities maintenance and municipalities, such as office complexes, apartment complexes, government, hospitals, data centers, parks and recreation departments, schools and universities, shopping centers, pavement/kerb repairs, and golf course maintenance; construction of airports, highways and bridges, office buildings, data centers, schools and universities, shopping centers, residential, remodeling, manufacturing plants, and green energy plants; emergency response for fire, hurricanes, flooding, tornadoes, winter, storms, residential and health emergencies, alternative care facilities, points of distribution, and mobile testing facilities; and entertainment and special events, including national events, concerts, sporting events, film and telvision production, theme parks, festivals farmers' markets, local 5k runs, and cycle races. It operates 967 stores in the United States, 89 stores in Canada, and 177 stores in the United Kingdom under the Sunbelt Rentals brand. The company was founded in 1947 and is headquartered in London, the United Kingdom.

Fund coverage · 4 theses

  • Turtle Creek
    September 2025

    Ashtead Group is the second largest equipment rental company in North America, preferred for its strategic growth through a mix of expansion and small acquisitions, making it a strong investment in a consolidating industry.

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  • Harris Oakmark Global All Cap Strategy
    June 2025

    Ashtead Group is a well-positioned international equipment rental company that is poised to gain market share in an under-penetrated North American market, supported by a strong management team and benefiting from recent tariff-induced investment reshoring opportunities.

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  • Mayar Capital
    December 2024

    Ashtead Group is a leading international equipment rental company with strong unit economics and growth potential, particularly in North America, where it benefits from increased demand for rental services in various industries.

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  • Giverny Capital
    December 2024

    Ashtead Group is a UK-based equipment rental company primarily operating in the U.S. through Sunbelt Rentals

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