September 17, 2014 6:49 PM ET

Trading Companies and Distributors

Company Overview of Coates Hire Limited

Company Overview

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

Level 6

Mascot, NSW 2200

Australia

Founded in 1885

2,065 Employees

Phone:

61 2 9701 3300

Fax:

61 2 9701 3395

Key Executives for Coates Hire Limited

Chief Executive Officer
Chief Financial officer and Director
Non Executive Director and Managing Director of NHR
Age: 46
Company Secretary
Legal Counsel
Compensation as of Fiscal Year 2014.

Coates Hire Limited Key Developments

Coates Hire Group Announces Earnings Results for the Year Ended June 30, 2013

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

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

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.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
February 27, 2014
Coates Hire Limited, UK Operations
 

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