Seven Group Holdings
| Company type | Public |
|---|---|
| Industry | Conglomerate (industrial services, energy, media) |
| Predecessor | Seven Group Holdings |
| Founded | 1956 |
| Headquarters | Sydney , Australia |
Key people | Kerry Stokes (principal shareholder) |
| Products | Industrial services, energy, media |
| Owner | Kerry Stokes (majority shareholder) |
| Website | www |
SGH Ltd (previously known as Seven Group Holdings) is an Australian conglomerate operating across industrial services, energy, and media sectors.
History
Seven Network Limited was formed in 1991 by receivership to consolidate assets from the defunct Qintex, which had collapsed under Christopher Skase.[1][2]
Between 1995 and 2001, Alan Jackson of Nylex was appointed as a non-executive director, brought on board by Kerry Stokes to steer the company.[3][4]
In 2002, Pacific Magazines was acquired by Seven Media Group. By early 2006, the company collaborated with Yahoo! to launch Yahoo!7, broadening its content distribution channels.
Shareholders authorized the spin-off of traditional media assets in December 2006, creating a 50/50 joint venture with private equity firm KKR named Seven Media Group.[5]
January 2008 saw Kerry Stokes’s National Hire Group join forces with The Carlyle Group to purchase Coates Hire, resulting in its removal from the ASX. The combination of Coates Hire and National Hire established Australia's largest equipment rental business.[6][7][8][9]
On 22 February 2010, WesTrac, owned by Kerry Stokes’s Australian Capital Equity, merged with Seven Network Limited to form Seven Group Holdings.[10]
SGH completed full acquisition of Coates Hire on 25 October 2017 by purchasing the remaining 53% stake held by The Carlyle Group and other minority shareholders for $517 million. SGH had initially invested in Coates through its WesTrac subsidiary in 2008.[11][12]
In April 2011, Seven Media Group combined with West Australian Newspapers to establish Seven West Media. SGH continues as the principal shareholder with a 40.2% ownership interest.[13][14]
SGH acquired a controlling 70% interest in construction materials firm Boral in July 2021,[15] with plans to assume full ownership by July 2024.[16]
In November 2024, Seven Group Holdings rebranded itself as SGH Ltd, launched a new website at www.sghl.com.au, and updated its ASX ticker symbol to SGH.[17]
External links
- Articles with short description
- Businesses headquartered in Sydney
- Entities traded on the Australian Securities Exchange
- Australian holding corporations
- Holding corporations founded in 1956
- Mass media enterprises established in 1956
- Australian mass media firms
- Mining corporations of Australia
- Seven Network
- Australian enterprises founded in 1956
- Mass media companies of Australia