DTM management join Caledonia Investments to acquire tyre management firm

Direct Tyre Management Limited (DTM) is under new ownership. Self-managed investment trust company Caledonia Investments plc has acquired a majority stake in the independent outsourced fleet tyre management services provider for £55 million. The DTM management team has reinvested alongside Caledonia to obtain 100 per cent of the business from investors, including Palatine Private Equity.