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 receivers in order to bundle together the assets of

Christopher Skase Christopher Charles Skase (18 September 1948 – 5 August 2001) was an Australian businessman who later became one of his country's most wanted fugitives, after his business empire crashed spectacularly and he fled to Majorca, Spain. Early li ...

's collapsed former business,

Qintex Qintex Limited was an Australian financial services company founded on 1 April 1975, as Takeovers, Equities & Management Securities (TEAM). Its headquarters was in Brisbane, Australia. Its main shareholder and managing director was Christophe ...

. Between 1995 and April 2001,

Alan Jackson Alan Eugene Jackson (born October 17, 1958) is an American country music singer-songwriter. He is known for performing a style widely regarded as "neotraditional country", as well as writing many of his own songs. Jackson has recorded 21 studi ...

of Nylex was the non-executive director of Seven, after being asked by Stokes to lead the company. In 2002, Seven Media Group acquired

Pacific Magazines Pacific Magazines was a magazine publisher operating in Australia owned by Seven West Media. In March 2020, it was acquired by Are Media, Bauer Media Australia in April 2020. In June 2020, Mercury Capital acquired Pacific Magazines as part of i ...

. In January 2006, the company partnered with

Yahoo! Yahoo (, styled yahoo''!'' in its logo) is an American web portal that provides the search engine Yahoo Search and related services including My Yahoo, Yahoo Mail, Yahoo News, Yahoo Finance, Yahoo Sports, y!entertainment, yahoo!life, and its a ...

to launch

Yahoo!7 Yahoo! Australia (formerly Yahoo7 between 2006 and 2018) is the Australian subsidiary of global internet company Yahoo! Originally a 50/50 joint venture between Yahoo! and Seven West Media, it has been a 100% subsidiary of Verizon Media since M ...

, a cross-media entity meant to expand the content distribution networks of both companies. In December 2006, Seven Network Limited

shareholders A shareholder (in the United States often referred to as stockholder) of corporate stock refers to an individual or legal entity (such as another corporation, a body politic, a trust or partnership) that is registered by the corporation as the ...

voted to spin off the company's 'old media' assets into a 50/50 joint venture with private equity firm

KKR KKR may refer to: * KKR & Co., a global investment firm *Kolkata Knight Riders, an Indian Premier League franchise * Rheinsberg Nuclear Power Plant (), first nuclear power plant in the former East Germany * Kalkara, Malta, postal code KKR *Kir-Bala ...

, creating the

Seven Media Group Seven West Media Limited is an Australian ASX-listed media company. It is Australia's largest diversified media business, with an extensive presence in broadcast television, radio, print and online publishing. Seven West Media owns the Seve ...

. In January 2008,

Kerry Stokes Kerry Matthew Stokes (born John Patrick Alford on 13 September 1940) is an Australian businessman. He holds business interests in industries including electronic and print media, property, mining and construction equipment. He is most widely k ...

' National Hire Group took over alongside 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 ...

the equipment rental company Coates, de-listing it from 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 ...

. The hire businesses of Coates and National Hire were merged to consolidate the two largest hire companies in Australia, creating Coates Hire.Seven Group to pay $517m for control of Coates Group
''Australian Mining'' 20 September 2017Seven Group Holdings Annual General Meeting, ‘Strategy Execution - Acquisition of Coates Hire’, 16 November 2017
Australian Securities Exchange On 22 February 2010, it was announced that WesTrac, owned by Australian Capital Equity, Kerry Stokes's investment firm, would merge with Seven Network Limited, and the combined entity was renamed Seven Group Holdings. On 25 October 2017, SGH acquired the remaining 53% of Coates from The Carlyle Group, as well as from other minority owners for $517 million. SGH had first invested in Coates, alongside The Carlyle Group and exiting management in 2008 through its WesTrac subsidiary. In April 2011, Seven Media Group was acquired by

West Australian Newspapers ''The West Australian'' is the only locally edited daily newspaper published in Perth, Western Australia. It is owned by Seven West Media (SWM), as is the state's other major newspaper, ''The Sunday Times (Western Australia), The Sunday Times'' ...

to create

Seven West Media Seven West Media Limited is an Australian ASX-listed media company. It is Australia's largest diversified media business, with an extensive presence in broadcast television, radio, print and online publishing. Seven West Media owns the Seve ...

. SGH remains Seven West Media's largest shareholder, with a 40.2% stake. In July 2021, Seven Group Holdings took 70% ownership in construction materials company

Boral Boral Limited is an Australian building and construction materials company. It is owned by Seven Group Holdings. History Boral was founded by David Craig on 4 March 1946 as Bitumen and Oil Refineries (Australia) Limited with Ampol, Caltex havi ...

. It gained full ownership of Boral in July 2024. In November 2024, Seven Group Holdings changed its name to SGH Ltd, Its website domain to www.sghl.com.au, and its ASX ticker code to SGH.

References

External links

Seven Group Holdings
{{S&P/ASX 200 Companies based in Sydney Companies listed on the Australian Securities Exchange Holding companies of Australia Holding companies established in 1956 Mass media companies established in 1956 Mass media companies of Australia Mining companies of Australia Seven Network Australian companies established in 1956