Grayrentals ‘rebrands’ as TIP

PRESS RELEASE: 31st August 2023

Leading truck and trailer hire provider Grayrentals will tomorrow ‘re-brand’ and be referred to as TIP. As part of the TIP Group, the trailer and truck hire business will be represented under the same banner.

With their headquarters in Hull, Grayrentals had continued to operate under its own name for the last eight years. However, they have been steadily integrated into the TIP family, as the commercial vehicle specialist, since it was purchased in 2015.

Over that period, the business has experienced significant growth to become one of the UK’s leading names in the truck contract hire sector. As well as Hull and Scunthorpe, TIP’s ‘truck’ division now has branches located in Morley (Leeds) and Lichfield to complement TIP’s other 30 locations across the UK & Ireland.

Name change aside, the business will continue to offer the high levels of expertise and customer service that it has become renowned for to a wide range of customers in the commercial vehicle sector. The ‘powered’ business continues to be commercially led by Jonny Clark while one of the original owners, Terry Moody, remains an integral part of the TIP management team.

The new TIP powered division offers a diverse range of trucks for hire from 7.5 tonne upwards, including rigids and tractor units from all leading manufacturers. In addition, alternative fuelled and electric vehicles, together with a wide range of specialised vehicles such as cement mixers, are also offered.

In response to loyal customer demand TIP’s powered fleet has grown from almost 250 back in 2015 to more than 3,000 this year.

Mike Furnival, managing director of TIP, commented: “Acquiring Grayrentals a few years ago helped us expand our service provision to our many loyal customers. Terry and the team in Hull have demonstrated fantastic expertise in their field with an unrivalled service delivery on trucks and trailers. The addition of the Eurotrail/Ryder teams drove tremendous growth in our powered business and now is the right time to offer all our trailer and truck services under one banner.”

“Whilst we are proud to offer our truck services under the TIP name, we have been careful to ensure that the expertise in trucks remains undiminished for customers and so there are no changes in terms of the product specialists and account managers who will offer those services,” added Furnival.

Grayrentals as a legal entity will cease from today, with its business operating under the legal entity of TIP Trailer Services UK Ltd from 1st September.

About TIP

TIP is a market leader in providing transportation and logistics customers with leasing, rental and value-added equipment services, keeping customer freight on the move all over Europe and Canada.  These value-added services range from maintenance, breakdown assistance and damage protection to sophisticated asset tracking solutions.  TIP was established in 1968 and since, has progressively increased its size, market share, customer base and services offerings.  With 55 years of experience, TIP is one of the most trusted and respected names in the industry.  Visit TIP’s website: www.tip-group.com/en-gb to learn more.

 

For further press information, electronic copies of this press release or additional photographs (if available), please contact:

Ian Wallace, Nobull

Tel: +44 (0)1628 526208   Email: TIP@nobullagency.co.uk