Geldards advise Euro Commercials on acquisition of Neath Coachbuilders

Geldards’ Corporate team has successfully advised Welsh commercial vehicle specialist Euro Commercials on its acquisition of experienced commercial vehicle bodybuilder Neath Coachbuilders.

Euro Commercials is based in South Wales, operating state of the art showrooms and workshops for fleet vehicles in Cardiff, Newport and Swansea. Established over 40 years ago, the firm has a long standing relationship with Mercedes Benz.

A family business, Neath Coachbuilders was established over 70 years ago providing bespoke commercial vehicle bodies through its workshops in Neath, Cardiff and Swansea, as well as providing mobile servicing & maintenance and breakdown cover.

The acquisition strengthens Euro Commercials position as market leader by offering an expanded bodybuilder service for its customers.

Alex Butler, Geldards Partner in the Corporate team in Cardiff led the advice to Euro Commercials assisted by Senior Associate Henry Bright (Property) and Associate Stewart Knights (Corporate). Lexington Corporate Finance, led by Thomas Edwards, provided financial advice to Euro Commercials on the transaction.

Commenting on the deal, Alex said:

“This acquisition was a great fit for both businesses and we are delighted that Euro Commercials has taken this important next step in their growth journey.  The expanded customer offering provided by the expertise of Neath Coachbuilders will ensure Euro Commercials remain market leaders for a long time to come.”

Jeff Carne, Managing Director at Euro Commercials said:

“Geldards’ expertise and pro-active approach were invaluable during the course of this acquisition. They gave us clear and concise advice from start to finish. The availability, responsiveness and clear communication from Alex and his team in particular were really appreciated. We felt supported at every turn and I would certainly recommend the team at Geldards to anyone thinking of acquiring a business. ”