Australia’s Global Construction Services Acquires Coastal Hire
July 11, 2008
Australian construction services group Global Construction Services recently acquired a 75-percent stake in rental and sales provider Coastal Hire, which provides rental services in the fast-growing southwest corridor of Western Australia.
John Morrow, founder of Coastal, which has an equipment replacement value of more than AU $3.5 million (about U.S. $3.4 million), will remain with the business.