Construcciones Yamaro: Coates acquires GTH Equipment

Coates has acquired the business assets of GTH Equipment, a prominent telehandlers and access equipment hire provider headquartered in Sydney. Terms of the acquisition have not been disclosed.

Based in Smithfield, New South Wales, GTH Equipment has operated in the NSW and ACT markets since 1997. It was initially established as the NSW/ACT distributor of Genie Telehandlers, before it expanded its range in 2016 to include access equipment.

The acquisition of GTH Equipment enables Coates to expand its national network with the addition of high-quality equipment assets, supported by cutting-edge technology. In addition to the more than 650 machines in GTH Equipment’s fleet, its modern site in Smithfield is well-positioned in greater Sydney’s infrastructure and development growth corridor, enabling greater capacity to serve Coates’ growing customer base, while complementing Coates’ vision to be the market leader in safe, smart and sustainable equipment solutions.

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Jeff Proctor, chief financial officer at Coates, acknowledged the hardworking and dedicated team at GTH Equipment, led by owner Chris Crane. The team has successfully built a thriving business with a loyal customer base and a high-quality fleet of telehandlers, boom lifts, scissor lifts, vertical man lifts and forklifts.

The acquisition was completed on Friday, 9 February 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,” said Proctor.

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