Coates makes big Sydney acquisition

Coates in Australia has acquired GTH Equipment, a Sydney-based renter of telehandlers and access equipment. The purchase price has not been disclosed.

Based in Smithfield, New South Wales, GTH Equipment has been active since 1997, initially as a regional dealer for Genie telehandlers but since 2016 also selling and renting aerial platforms.

Telehandler maintenance at GTH’s Sydney location (Photo: GTH website)

The deal will add 650 machines to Coates’ fleet and give it modern depot in Smithfield well positioned to serve greater Sydney.

Jeff Proctor, chief financial officer at Coate, said; “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.”

“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.

The acquisition was completed on Friday, 9 February 2024.