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.