Steers Group, and its wholly-owned subsidiary Eurotrail UK has been bought by TIP Trailer Services.
David Strachan, James Farrell, Duncan Watson, Rajveer Basra and Harry Whyte acted for the family shareholders on the sale.
Leeds-based Eurotrail, was established in 1997 by Alan Steers and employs approximately 15 people. Associations between Eurotrail and TIP, headquartered in Manchester, go back quite a few years.
The company currently operates a fleet of primarily HGV assets including specialised vehicle bodies, crane, hookloader and cement mixer trucks.
TIP has acquired the shareholding of Eurotrail’s parent company, Steers Group. It has also confirmed that members of Eurotrail’s management team will remain with the business, as too will key members of staff.
“I and my team were delighted to act for the Steers family in their sale. This was a cumulation of many years of careful stewardship and development of the Eurotrail business. We hope Eurotrail continues to flourish under its new ownership, and we wish Alan, Adam and Matthew Steers every success in their new roles.” David Strachan, partner, corporate.
Bob Fast, president and chief executive at TIP Trailer Services, added: “The acquisition of Eurotrail will support our asset diversification strategy with a growing focus on heavy commercial vehicles, whilst complementing the existing offering from Grayrentals, TIP’s commercial vehicle hire business.
In addition to being a well-established business within the contract hire sector, the acquisition will enable TIP / Grayrentals to work with new customers and support them with a wide range of commercial vehicle hire services.”
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