Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to the newest version of your browser.

Your browser appears to have cookies disabled. For the best experience of Construction News, please enable cookies in your browser.

Welcome to the Construction News site. As we have relaunched, you will have to sign in once now and agree for us to use cookies, so you won't need to log in each time you visit our site.
Learn more

Record deal completed


ASHTEAD'S US subsidiary Sunbelt Rentals has completed the $1 billion (£543 million) acquisition of NationsRent, making it the third biggest hirer in America.

The deal, the biggest in the industry's history, depended on the acceptance of a range of funding measures, including a rights issue by the firm.

George Burnett, Ashtead's chief executive, said: 'We are delighted to have acquired NationsRent, a move that effectively accomplishes our fiveyear US growth strategy in a single step and with minimum overlap.'