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Shearings Leisure Group has acquired Equalmatch, the Cheshire-based travel firm, from Travelstyle.

Shearings Leisure Group, the Wigan-based firm with 46 hotels across the country, is to be acquired by Lone Star Funds of the US for undisclosed terms.

Shearings Group, the Wigan-based tour operator with a fleet of 240 coaches, has undergone a management buy-out backed by Lloyds Bank for undisclosed terms.

Shearings is investing £10m in the expansion of its Wigan-based fleet, due to rising demand for coach holidays.

Shearings is planning to expand its chain of 50 hotels with up to ten new sites over the next three years, having just acquired the Charlecote Pheasant Hotel near Stratford-upon-Avon.