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Ashtead makes US buy

Hirer Ashtead's US subsidiary Sunbelt Rentals has bought California hirer Northridge Equipment Services for £39.7 million.
Northridge operates five rental stores in southern and central California. The move brings the number of stores operated by Sunbelt in the central

and southern California markets to 10, and total acquisitions since May to 15.

George Burnett, Ashtead's chief executive, said: 'Northridge is a strong business with five stores which are well established in their local markets.

'Its acquisition significantly strengthens Sunbelt's

presence in central and southern California and continues our strategy of

focusing on the development of significant clusters of conveniently located

stores in attractive markets.'

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