National Hire through its equity holding in Coates Group Holdings Pty Limited is a major participant in the equipment hire industry in Australia and is also a manufacturer and distributor of mobile lighting towers and de-watering equipment and a distributor of power generation and air compressors under the AllightSykes name.  

Coates Hire is Australia’s leading general equipment hire company.

On 9 January 2008 National Hire in conjunction with The Carlyle Group completed the acquisition of all outstanding shares in Coates Hire Limited.

National Hire transferred its Rental Services business (including all assets and liabilities) for a total value of $348m and $70m in cash to Coates Hire in return for a 47% (later reduced to 46.1%) economic interest representing an equal economic interest to Carlyle with the balance held by financial investors.

National Hire and Carlyle each hold a 50% voting interest in Coates Hire.

This was a landmark transaction for National Hire and the resultant restructure means National Hire has exchanged full ownership of the #2 general equipment hire in Australia for a 46.1% investment in the #1 general equipment hire company.

     

Though best-known for our mobile lighting technology, here at AllightSykes we do so much more.

Our FG Wilson generators and Perkins engines are in a class of their own, and our new range of Rotair compressors are already making an enviable name for themselves.

But it’s the turn of our dewatering solutions to enjoy a spell under the spotlight following the completion of the acquisition of the Sykes pump business by our parent company National Hire.

Promoted under a new AllightSykes branding banner, the two leading Australian manufacturers share common values and vision. Bringing them together within our portfolio of world class light, power, air and water brands underlines our bid to capture an even bigger share of world mining and construction markets.

AllightSykes; it’s all about brands you know, and people you can trust.

Visit the AllightSykes website