Ashtead makes bolt-on acquisition in US

Equipment rental group Ashtead has acquired Philadelphia-based peer Topp Construction Services and its related company Precision Steel Works.

Equipment rental group Ashtead has acquired Philadelphia-based peer Topp Construction Services and its related company Precision Steel Works.

The two companies have been bought for a total consideration of $33.5m in cash, which included the among paid to settle Topp's net debt at closing.

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