Coates Acquires GTH Equipment
Coates has acquired GTH Equipment, a leading telehandlers and access equipment hire provider headquartered in Sydney.
Smithfield-based GTH Equipment has operated in the NSW and ACT markets since 1997 and 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 market-leading technology. In addition to over 650 machines in the fleet, GTH Equipment’s modern premises is well located 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.
“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 Jeff Proctor, Chief Financial Officer, Coates.
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.
