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.
An ice cream van was parked in front of the door when Tyres & Accessories visited Direct Tyre Management’s (DTM) new Blackpool headquarters in mid-May. At the same time, staff were presented with sticks of rock, buckets and spades and were enjoying food together. The reason? The DTM team were celebrating the official opening of the company’s Blackpool HQ and executives were welcoming staff to the new location a few miles up the road from the previous offices in Skelmersdale. Beyond the team-building benefits of the celebrations, the relocation itself illustrates how DTM has developed from a niche player into a fast-growing digital fleet technology business. Tyres & Accessories met with chief technology officer Dominic Clark and sales manager Simon Makin in order to find out more.
Tyre management specialist Direct Tyre Management (DTM) has appointed Leigh Goodland as managing director. Goodland brings with him 25 years’ experience in commercial transport, logistics and vehicle fleet management.
Private equity firm Palatine Private Equity has completed the acquisition of a majority shareholding in NRG Fleet Services Ltd, a fast-growing provider of specialist services to the commercial vehicle sector. Headquartered in Skelmersdale, Lancashire, and operating 10 national technical centres, NRG has annual revenues of £90m and employs 280 people. It comprises two divisions, Riverside Truck Rental and Direct Tyre Management.
DTM (Direct Tyre Management) has launched a new website that enables users to book tyre assistance from any location at any time. According to the company, DTM specialises in delivering flexible and compliant tyre management solutions, tailored to your fleet.
Michelin Tyre has been contracted as the exclusive supplier of retreaded tyres to Direct Tyre Management (DTM), and under a four-year agreement will supply around 20,000 truck brand tyres per annum. The Encore-brand tyres will be retreaded in Michelin’s Stoke-on-Trent factory.
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