RER Magazine

SUBSCRIBE NOW!

Newsletters

RER REPORTS
RER PRODUCT WIRE

Newsletters

Stay up-to-date on the latest marketing intelligence and opportunities.

RER Reports RER ProductWire
Subscribe

Issue Archive

Event Calendar

AED Executive Forum

Sept. 11-12
Westin O'Hare
Rosemont, IL
www.aednet.org/execforum/index.cfm

International Aerial Platform Exhibition and Conference

September 17-19
APEX
MECC Maastricht
The Netherlands
Industrial Promotions International
www.apexshow.com

Green Industry and Equipment Expo

Oct. 23-25
Louisville, KY
www.gie-expo.com

Specialty Tools & Fasteners Distributors Association Convention

Nov. 9-11
Denver, CO
www.stafda.org

Power-Gen International

Dec. 2-4
Orlando, FL
www.power-gen.com

World of Concrete

Feb. 3-6, 2009
Las Vegas Convention Center
Las Vegas, NV
www.worldofconcrete.com

The Rental Show

March 2-5, 2009
Georgia World Congress Center
Atlanta, GA
www.therentalshow.com


         Subscribe in NewsGator Online   Subscribe in Bloglines  

Australia’s Coates Hire Acquires Allplant, Bennett Hire

Coates Hire, Australia’s largest rental company, last week acquired Allplant Ltd., the earthmoving equipment rental division of Macmahon Holdings, for AU $73 million (about U.S. $56 million). The transaction also calls for a five-year preferred supplier agreement for Coates to rent heavy earthmoving and mining equipment to Macmahon for the next five years, with an annual volume incentive rebate.

Macmahon chief executive Nick Bowen said the sale was a good opportunity for his company to exit the rental business, which it didn’t consider a core business.

“This acquisition gives further medium- to long-term impetus to the large civil and mining sector strategy we started with the Allied Equipment investment, by expanding its service offering and by broadening its client base,” said Coates CEO Malcolm Jackson. “Essentially, we are able to increase our own capacity in a fleet type we are already familiar with, without adding additional capacity to the market overall and without paying new equipment prices.”

Coates, based in the New South Wales region, also recently acquired Bennett Hire, which has two locations in northern New South Wales, a region where Coates previously lacked significant market presence.


Commenting terms of use blog comments powered by Disqus

Want to use this article? Click here for options!
© 2008 Penton Media Inc.

most recent story

popular articles

Popular Articles

Stock Block

Buyers Guide

Buyers Guide

The RER Industry Directory is the resource buyers like yourself rely on when looking for up-to-date information on the products or services you are searching for.

Learn More
Sourcebook

Rental Rate Guide

Rental Rate Guide 2008

Want to know how much equipment is renting for these days? Find out in RER’s original 2008 Rental Equipment Rate Guide.

Learn More Add to Shopping Cart
Sourcebook