Caledonia Private Capital Acquires Direct Tyre Management from Palatine
August 19, 2024
Caledonia Private Capital has completed a secondary buyout of Direct Tyre Management (DTM) from Palatine, acquiring the Blackpool‑based tyre management and fleet tyre services business. DTM, which grew revenue from £30m to £60m over the past two years and serves major fleet operators using predictive tyre-technology and roadside support, will partner with Caledonia to expand services and explore growth in other jurisdictions.
- Buyers
- Caledonia Private Capital
- Targets
- Direct Tyre Management (DTM)
- Sellers
- Palatine
- Industry
- Transportation
- Location
- Lancashire, United Kingdom
- Transaction Type
- Buyout
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