0300 124 0406 Our expertise Team About us Insight Careers Contact Home / News / Corporate / New owner for commercial vehicle rental specialist New owner for commercial vehicle rental specialist 11th November 2021 by David Strachan 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.” Whether you’ve plans to sell or grow your business, our team can help you – get in touch. About the Author David Strachan Partner View Profile View All Related News Corporate 5th November 2021 M&A adviser rankings announced Corporate 19th October 2021 IWP acquires financial planning firm Corporate 22nd September 2021 BGF advised on its £3m investment into Hicomply 22nd September 2021 Megit Limited acquired by Gfinity plc for £5m View All Sign up to our newsletter to get the latest news and updates. Sign up Bradford office Church Bank House Bradford West Yorkshire BD1 4DY Phone: 01274 350 800 Fax: 01274 306 111 Leeds office 76 Wellington Street Leeds West Yorkshire LS1 2AY Phone: 0113 849 4000 Fax: 0113 243 9326 Huddersfield office 30 Market Street Huddersfield West Yorkshire HD1 2HG Phone: 01484 915 000 Fax: 0800 368 8449 Copyright © Schofield Sweeney Solicitors. All Rights Reserved. Schofield Sweeney LLP is authorised and regulated by the Solicitors Regulation Authority. Website by Tall Contact Legal information Privacy statement Cookie policy Covid risk assessment Complaints policy We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies. Cookie settings ACCEPT