Caledonia Private Capital (“Caledonia”) is pleased to announce that it has acquired a majority stake in Direct Tyre Management (“DTM”).
Founded in 2004, DTM is the UK’s leading independent provider of outsourced tyre management services to fleet operators.
The Business is headquartered in Blackpool and has over 100 employees and serves c.250 fleet customers with c.285,000 vehicles and c.1,300,000 tyres under management. Enabled by a proprietary technology platform, which allows customers to maximise their fleet efficiency, compliance and output, DTM connects the vehicles it manages to a national network of over 3,500 service provider locations.
The acquisition exemplifies Caledonia’s strategy of investing in quality, robust and well-established companies, with proven management teams seeking a long-term supportive shareholder.