Fleet News

Smedvig Capital takes control at Tuskerdirect

INVESTMENT management company Smedvig Capital has increased its shareholding in contract hire and leasing specialist Tuskerdirect.

The company has increased its holding from 49% to 93%, having taken up the opportunity of buying out the other institutional shareholders.

Rob Toms, Smedvig Capital managing director and Tuskerdirect chairman, said: ‘We had the chance to buy out a large and varied group of shareholders and took it because Tusker has an exciting future ahead of it. There has been strong growth since the launch in 2000.’

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