Asset rental to the oil and gas market
Phoenix acquired Ashtead Technology from Ashtead Group plc in a management buy-out. AT is a leading provider of rental equipment to the offshore oil and gas sector and to the environmental monitoring and testing industry. The business operates from 14 locations in the UK, North America and Singapore. Since the acquisition, PHoenix has added significantly to the management team under Chief Executive Allan Pirie.
- Market-leading position in well-defined niche with a competitive advantage built upon a an excellent service and reliability
- Well-placed to benefit from increasing activity in offshore oil and gas production
- Drive improvements in AT’s financial and operational management
- Exploit market growth opportunities in the offshore oil and gas and onshore environmental testing markets globally
|Name ||Ashtead Technology|
|Deal Date||Jun 2008|