Coates Hire Limited provides equipment hiring services to engineering and building construction and maintenance, oil and gas, mining and resources, manufacturing, government, and events markets in Australia. The company hires access, compaction, concrete and masonry, earthmoving, floor and cleaning, generators and power distribution, ground, ladders and scaffold, landscape, lift and shift, lighting, materials handling, propping, pumps and fluid management, site accommodation, traffic management, and welding equipment. It also hires trucks, vehicles and trailers, air and air accessories, and other tools and equipment. In addition, Coates Hire Limited offers training and assessment services th...
241 O'Riordan Street
Mascot, NSW 2200
Founded in 1885
Coates Hire Group Announces Earnings Results for the Year Ended June 30, 2013
Aug 26 13
Coates Hire Group announced earnings results for the year ended June 30, 2013. For the period, the company reported revenue and other income of AUD 1,241.0 million compared to AUD 1,293.0 million a year ago. Underlying EBITDA was AUD 533.7 million compared to AUD 563.8 million a year ago. Underlying EBIT was AUD 279.2 million compared to AUD 326.9 million a year ago.
Carlyle And Seven Group Plan To Retain Coates
Jun 20 13
The Carlyle Group LP (NasdaqGS:CG) and Seven Group Holdings Limited (ASX:SVW) plan to retain current ownership structure in Coates Hire Limited after a six-month review of the business. After the review done by The Goldman Sachs Group, Inc. (NYSE:GS), China International Capital Corporation Limited and Nomura Holdings, Inc. (TSE:8604), Carlyle And Seven Group remain fully committed to the business and continuing to grow Coates.
UMW Mulls Acquisition Of Coates
May 27 13
UMW Holdings Bhd (KLSE:UMW) is planning to buy Coates Hire Limited. The deal is managed by Goldman Sachs JBWere and which is expected to fetch more than $3 billion. Malaysian industrial reportedly having joined Mitsui & Co. Ltd. (TSE:8031) and Apollo Global Management, LLC (NYSE:APO) among potential bidders, Wesfarmers Limited (ASX:WES) shareholders are expected to seek assurance UMW will not Engage in a bidding war.