Coates acquires GTH Equipment
The acquisition of the Smithfield-headquartered business adds over 650 assets to Coates’ equipment hire fleetLeading equipment hire and solutions provider, Coates, has announced its acquisition of GTH Equipment, a telehandlers and access equipment hire provider headquartered in Sydney which has operated in the NSW and ACT markets since 1997.
Headquartered in Smithfield, New South Wales, GTH Equipment was initially established as the NSW/ACT distributor of Genie Telehandlers, before it expanded its range in 2016 to include Access equipment.
With the acquisition, Coates is able to expand its national network by taking over GTH Equipment’s well-positioned and modern site in Smithfield, as well as more than 650 machines in its fleet.
“This deal is a credit to the hardworking and dedicated team of GTH Equipment employees who, alongside owner Chris Crane, have built a successful business comprising a loyal customer base and high-quality fleet of Telehandlers, Boom Lifts, Scissor Lifts, Vertical Man Lifts, and Forklifts,” said Coates Chief Financial Officer, Jeff Proctor.
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The acquisition was completed on Friday, February 9, 2024. GTH Equipment has transitioned its assets to Coates, and Coates has notified GTH Equipment’s customers and suppliers of the changeover and supported the business through the transition.
“Growth is central to the Coates Team25 strategy and transactions such as this demonstrate our commitment to building on our national network of assets,” Proctor said.
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