Coates (formerly known as Coates Hire) is an Australian equipment rental company operating in all Australian states and territories. It is a fully owned subsidiary of Seven Group Holdings. As of 2023, Coates is valued at A$1.87 billion of hire equipment at original cost.[1]
History
Coates was founded in 1885 as a small engineering company in Melbourne. It diversified into equipment hire in the years following World War II 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 (ASX) in 1955. In 1972 Coates was purchased by Australian National Industries.[2]
In 1993, it commenced operations in Indonesia. In August 1996 it was re-listed on the ASX. In 2002, Wreckair was acquired from