Palatine buys majority stake in NRG Fleet Services


 

Private equity firm Palatine has bought a majority stake in contract hire and rental firm NRG Fleet Services. With its headquarters in Skelmersdale, Lancashire and operating a network of 10 technical centres, NRG employs 280 staff and comprises two divisions: Riverside Truck Rental and Direct Tyre Management. Riverside is a national provider of fleet management services into the UK waste industry and Direct Tyre Management provides fleet owners with a web-based management information system. Palatine said NRG’s existing shareholders, chairman […]