Hillhead 2018Hillhead 2018
Follow us on Twitter Follow us on LinkedIn Follow us on Instagram
Daily construction news
Weekly plant news

Construction News

Thu June 21 2018

Related Information
Related Information
Related Information

News » Plant » Ashtead buys Ontario rental business » published 24 Jul 2017

Ashtead buys Ontario rental business

Ashtead's North American subsidiary has struck a CA$275m (£168m) deal to buy an Ontario-based rental business.

CRS Contractors Rental will be sold to Sunbelt Rentals, the North American business of Ashtead Group for CA$275m plus a potential earn-out. 

The acquisition is Sunbelt’s first in Eastern Canada and will become the company’s operational platform in Ontario.

The proposed transaction is expected to close in the coming weeks after satisfaction of certain regulatory approvals.

CRS chairman Steve Fay said: “We are very pleased to be partnering with Ashtead and Sunbelt.  Their culture, values and total focus on their people and customers is exceptional, and perfectly aligned with CRS.  The CRS partnership with Clairvest Group which began in 2013 has been very successful and we look forward to continuing to provide our customers with industry-leading equipment and service as part of the Ashtead team.”



Download our free construction news iPhone / iPad app. Sign up to our FREE email newsletters or subscribe to our RSS feed for regular updates on the latest Construction News, Plant News & Contract News. The Construction Index also provides the latest Construction Tenders, Construction Market Data & Construction Law Commentary all FREE.

This article was published on 24 Jul 2017 (last updated on 24 Jul 2017).

More News Channels