Coates Hire expands
21 October 2015
Through the acquisition of Force Corp fleet, Coates Hire will gain more than 3700 Access and truck assets that will make Coates Hire the biggest equipment supplier in this product category – offering more than 10,000 items of access fleet to their customers across Australia.
“Access equipment is in high demand by our customers and this move gives Coates Hire a winning edge, ensuring we are the biggest equipment provider in this market. This will ensure that we are set up for success and able to continue to invest to meet our customer’s requirements going forward,” says Coates Hire CEO Michael Byrne.
The 13 Force Corp locations will be collapsed into Coates Hire operations over time and Coates Hire will employ more than 100 Force Corp employees.
The fundamentals of the Coates Hire business are strong and in July Coates Hire launched a five-year strategy focused on growth and customers, investment in people, productivity and cost efficiency. The acquisition of these assets is part of the Coates Hire growth strategy and achieving the company’s vision of being the premium equipment solution provider in the Australian market.