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M&A Deal Summary

Ashtead Group Acquires CRS Contractors Rental Supply

On July 19, 2017, Ashtead Group acquired business services company CRS Contractors Rental Supply from Clairvest Group

Acquisition Highlights
  • This is Ashtead Group’s 2nd transaction in the Business Services sector.
  • This is Ashtead Group’s 1st transaction in Canada.
  • This is Ashtead Group’s 1st transaction in Ontario.

M&A Deal Summary
Date 2017-07-19
Target CRS Contractors Rental Supply
Sector Business Services
Buyer(s) Ashtead Group
Sellers(s) Clairvest Group
Deal Type Add-on Acquisition

Target

CRS Contractors Rental Supply

Brantford, Ontario, Canada
CRS Contractors Rental Supply LP is a provider of construction rental equipment and related merchandise. Founded in 2000, the Company grew from 4 to 21 locations in Ontario and over 400 employees dedicated to delivering superior products and customer service.

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Buyer(S) 1

Buyer

Ashtead Group

London, United Kingdom
Category Company
Founded 1947
Sector Retail
Employees25,041
Revenue 10.8B GBP (2025)
DESCRIPTION

Ashtead Group is an international equipment rental company with national networks in the US and the UK. The Company rents a full range of construction and industrial equipment across a wide variety of applications to a diverse customer base. Ashtead Group was incorporated in 1947 and is based in London, England.

DEAL STATS #
Overall 4 of 4
Sector: Business Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 4 of 4
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-13 eve trakway

Derbyshire, United Kingdom

Eve Trakway is a supplier of temporary vehicle and pedestrian access equipment used in major rail, communication and utilities infrastructure projects and high-profile outdoor events.

Buy £28M

Seller(S) 1

SELLER

Clairvest Group

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 4.5B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

Clairvest Group is a generalist Canadian private equity firm focused on mid-market businesses with C$10 to C$50 million of EBITDA. While Clairvest does not have any sector preferences, the Firm prefers fragmented sectors with recurring revenue business models and economies of scale. Clairvest will consider both minority and majority investment positions and invests in the range of C$25- C$100 million per transaction. Clairvest was formed in 1987 and is based in Toronto.

DEAL STATS #
Overall 17 of 31
Sector: Business Services M&A 2 of 4
Type: Add-on Acquisition M&A Deals 7 of 15
State: Ontario M&A 7 of 9
Country: Canada M&A 10 of 12
Year: 2017 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-28 Head Digital Works

Hyderabad, India

Head Digital Works is an online skill-based gaming platform. Head Digital Works operates Ace2Three, the leading online skill based gaming platform in India providing distinctive online Rummy experiences to over 8 million customers. Head Digital Works was founded in 2006 and is based in Hyderabad, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-17 Centaur

Indianapolis, Indiana, United States

Centaur is an owner and operator of the Hoosier Park Racing and Casino. Centaur operates a thorough bred and standardbred horseracing track in Andersen, Indiana, and an OTB network throughout Indiana. Centaur is based in Indianapolis, Indiana.

Sell $1.7B
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