Coates is an Australian

equipment rental Equipment rental, or plant hire, is a service industry providing machinery, equipment and tools for a limited period of time to final users, mainly to general contractors but also to industry and Consumer, individual consumers. Renting can be ...

company operating in all Australian states and territories. It is a fully owned subsidiary of

Seven Group Holdings SGH Ltd (formerly Seven Group Holdings) is an Australian diversified operating company, with businesses across industrial services, energy, and media. History Seven Network Limited was created in 1991 by receivership, receivers in order to b ...

. As of 2023, Coates is valued at A$1.87 billion of hire equipment at original cost.

History

Coates was founded in 1885 as a small engineering company in

Melbourne Melbourne ( , ; Boonwurrung language, Boonwurrung/ or ) is the List of Australian capital cities, capital and List of cities in Australia by population, most populous city of the States and territories of Australia, Australian state of Victori ...

. It diversified into equipment hire in the years following

World War II World War II or the Second World War (1 September 1939 – 2 September 1945) was a World war, global conflict between two coalitions: the Allies of World War II, Allies and the Axis powers. World War II by country, Nearly all of the wo ...

when a vibratory roller was purchased and lent to potential customers on a Try Before You Buy policy. Coates was listed on the

Australian Securities Exchange Australian Securities Exchange Ltd (ASX) is an Australian public company that operates Australia's primary Exchange (organized market), securities exchange, the Australian Securities Exchange (sometimes referred to outside of Australia as, or c ...

(ASX) in 1955. In 1972 Coates was purchased by

Australian National Industries Australian National Industries was an Australian heavy engineering company with diverse range of holdings. History In 1911 John McGrath began to sell motor vehicles. It operated the first public garage in New South Wales. The company held moto ...

.Our History
Coates In 1993, it commenced operations in Indonesia. In August 1996 it was re-listed on the ASX. In 2002, Wreckair was acquired from

Brambles Limited Brambles Limited is an Australian company that specialises in the pooling of unit-load equipment, pallets, crates and containers. It is listed on the Australian Securities Exchange. History Brambles traces its history to 1875, when Walter Bram ...

. In January 2008, it was delisted from the ASX when acquired by private investors

The Carlyle Group The Carlyle Group Inc. is an American multinational company with operations in private equity, alternative asset management and financial services. As of 2023, the company had $426 billion of assets under management. Carlyle specializes in ...

and the National Hire Group. The hire businesses of Coates and the National Hire Group were merged to consolidate the two largest hire companies in Australia. On 25 October 2017,

acquired the remaining 53% from The Carlyle Group as well as from minority owners. Seven Group Holdings had first invested in Coates, alongside The Carlyle Group and management in 2008 through its WesTrac subsidiary. On 10 June 2021, the company rebranded from Coates Hire to Coates.

Sponsorships

Coates has been a regular sponsor of

Supercars A supercar, also known as an exotic car, is a street-legal sports car with race track-like power, speed, and handling, plus a certain subjective ''cachet'' linked to pedigree and/or exclusivity. The term 'supercar' is frequently used for th ...

teams and events. It was title sponsor for

Nick Percat Nicholas Paul Percat (born 14 September 1988) is an Australian racing driver who currently races in the Repco Supercars Championship, driving for Matt Stone Racing in the No. 10 Chevrolet Camaro. He won the Bathurst 1000 at his first attemp ...

’s 2012 Development Series, 2013 Australian Carrera Cup Championship and 2014 V8 Supercars Championship campaigns.Nick Percat reveals Coates Hire Holden
''Speeedcafe'' 26 February 2014 It was previously the title sponsor for various Supercars events including the Ipswich SuperSprint, Sydney 500, Supercars Challenge, Melbourne 400 and the

Newcastle 500 The Newcastle 500 was an annual motor racing event for Supercars Championship, Supercars, held at the Newcastle Street Circuit in Newcastle, New South Wales, Australia in 2017 Newcastle 500, 2017, 2018 Newcastle 500, 2018, 2019 Newcastle 500, 2 ...

References

{{Authority control Companies based in Sydney Companies formerly listed on the Australian Securities Exchange Construction equipment rental companies Seven Network 1885 establishments in Australia The Carlyle Group companies