Coates has acquired the business assets of GTH Equipment, a prominent telehandlers and access equipment hire provider headquartered in Sydney.
Based in Smithfield, NSW, 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 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.
Coates chief financial officer Jeff Proctor said the GTH team had 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.
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. Terms of the acquisition have not been disclosed.
“Growth is central to the Coates Team25 strategy and transactions such as this demonstrate our commitment to building on our national network of assets,” Jeff said.