Ashtead Group, parent company of Sunbelt Rentals, is shifting its primary stock listing from the U.K. to the U.S. and rebranding as Sunbelt Rentals Holdings.
Sunbelt Rentals, with its U.S. headquarters in Fort Mill, generates most of its revenue in North America. The move aligns with its growth strategy, and local stakeholders are monitoring developments. A shareholder circular with details is expected in May.
On December 10, 2024, Ashtead’s Board determined a U.S. primary listing with a secondary London listing best serves the company. Shareholders have largely supported the move.
The company will create a new U.S.-based parent entity, Sunbelt Rentals Holdings. Approval requires a shareholder vote at an extraordinary general meeting (EGM), expected in June 2025. If passed, the transition will be finalized in early 2026.
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Thomas Hyslip lives in Tega Cay with his wife and daughter. After 27 years in the U.S. Army and Federal Law Enforcement, he retired to pursue his passion for teaching. Tom is now an Assistant Professor of Instruction at the University of South Florida. In 2 short years he has won 10 awards from the South Carolina Press Association, including first place in column writing, education beat reporting and best podcast.
