Caledonia Investments completed the acquisition of a majority stake in Direct Tyre Management for £55m.

Caledonia Investments, a self-managed investment trust company, completed the acquisition of a majority stake in Direct Tyre Management, an independent provider of outsourced tyre management services to fleet operators, for £55m ($71m). "We are proud to have become the new owners of DTM and to partner with Leigh Goodland and his team in the next stage of the company's development. DTM's consistent track record of revenue growth and cash generation, together with its market leading position, make the Business an exciting addition to our Private Capital investment portfolio. We believe there are multiple avenues through which to build further on the Business' excellent record and to expand its range of services in the UK and other jurisdictions," Tom Leader, Caledonia Head of Private Capital.