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The appointment forms the latest addition to the management team since Ashtead Technology was acquired in June 2008 by Phoenix Equity Partners in a $183.7 million MBO. Headquartered in Aberdeen, Ashtead Technology rents specialist equipment to the offshore oil and gas sector and the environmental monitoring and testing industry and operates from 14 locations in the UK, North America and Singapore. The applications for its wide range of rental equipment include subsea positioning, sea bed mapping, environmental monitoring, nondestructive testing and remote visual inspection in both offshore and onshore locations.
Philip says, “I am delighted to be joining Ashtead Technology at this important stage, I look forward to working with the experienced Management team and am impressed with the quality of service the company provides and the relationships it has with customers.”
Brian Long, chairman of Ashtead Technology, says, "Graham Philip’s appointment as Chief Executive is great news for Ashtead Technology and for Phoenix. We are greatly looking forward to working with Graham to continue to grow and develop Ashtead Technology and are confident that his extensive experience will add enormous value to the business."