KBS CORPORATE CONSTRUCTS EURO TOOL HIRE SALE
Euro Tool Hire and Sales (South West) Ltd has been sold to a leading southern tool hire business in a deal overseen by KBS Corporate’s Adam Nelson.
Euro Tool Hire and Sales (South West) Ltd has been sold to a leading southern tool hire business in a deal overseen by Adam Nelson, KBS Corporate Deal Executive.
With three depots, in Redruth, St Austell and Helston, Cornwall-based Euro Tool has been operating in the regional plant and equipment hire market for almost 30 years.
Craig Williams, Euro Tool’s Managing Direct, instructed KBS Corporate on the sale of the business as he was ready to pursue new opportunities.
Adam Nelson said: “Euro Tool benefits from long-standing customer relationships and good market access via three depots across Cornwall.
“Craig had led Euro Tool for nearly 30 years and I was delighted to assist him in finding the right buyer that can take the business forward while he enjoys the next chapter of his life.”
When marketing the business and liaising with prospective buyers, Adam was supported by Sara Fletcher, Senior Corporate Document Writer, and Drixie Espiritu, Research Analyst.
Sara Fletcher advised: “Euro Tool was in a strong market position and generating a steady flow of revenue. Naturally, we wanted to highlight its prominent location and industry reputation, showcasing the company’s potential for expansion across South West England.”
Whilst there was interest from both trade buyers and investors, Alliance Tool Hire South West submitted the successful offer and demonstrated a long-term vision for Euro Tool.
Alliance Tool Hire is pursuing growth across Southern England and Euro Tool will join the business’s eight affiliated branches, which include those in London, Salisbury and Poole.
An Alliance Tool Hire South West spokesperson confirmed the three Euro Tool branches had joined their existing Cornwall operations in Truro and Penzance.
“We believe this will enable us to look after our customers brilliantly everywhere in Cornwall,” the spokesperson said.
“The combined hire fleets have over £3m of equipment, enabling us to service almost all the tool and plant needs of our customers in Cornwall.
“Euro’s equipment fleet includes significant plant equipment from mini-diggers to larger diggers and dumpers, ensuring customers at all five branches can get what they need from us.”
Adam Nelson added: “I am delighted with the outcome of the sale. Due to the vast experience Alliance has in the sector, I believe Euro Tool will be an excellent fit.”