Ashtead Group plc
9th February 2006
ASHTEAD GROUP PLC
Sunbelt acquires its 16th rental store this year
Ashtead Group plc, the equipment rental group serving the US and UK
construction, industrial and homeowner market, announces that its US
subsidiary, Sunbelt Rentals Inc, has recently acquired the business and assets
of Fast Rentals, the operator of a well established rental store serving the St
Petersburg, Florida market for a consideration of $1.05 million.
This acquisition further extends Sunbelt's presence in the Florida Gulf area.
It follows earlier acquisitions in Tennessee, California, Indiana, Florida and
Nevada and greenfield openings in Phoenix, Houston, Maryland, Chicago and Las
Vegas to make a total of 21 new stores opened or acquired in the current
financial year and brings the total number of Sunbelt's stores to 207.
Contacts:
Ashtead
Cob Stenham Non-executive Chairman 020 7299 5562
George Burnett Chief Executive )
Ian Robson Finance Director ) 01372 362300
Maitland
Brian Hudspith 020 7379 5151
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