Matthew Ord
Manchester-headquartered Palatine Private Equity has exited its investment in a £40m-turnover driver risk management and road safety training provider by selling its shareholding to the management team.
TTC Group provides a range of driver risk management, compliance and training services for corporate clients, including major vehicle leasing providers and fleet operators.
Through the acquisitions of both Business Driver in May 2019 and Licence Bureau in March 2020, the company s corporate division has grown from a handful of clients to working with more than 2,800 businesses across the UK.
It has also developed a proprietary technology platform, TTC Continuum.
Since investing in the Telford-headquartered company in July 2017, Palatine has overseen revenue growth from £27m to more than £40m through a major digitalisation programme and successful buy-and-build strategy.
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Date: 21 December 2020
TTC Group believes that 2020 will go down in history as one of the most influential years on business driving ever - with more significant change still yet to come. Here, CEO Jim Kirkwood explains why.
2020 has been a year blighted by disruption in the wake of the Covid-19 pandemic which saw workers put on furlough; the adoption of mass home working; and changes in transport behaviours - all of which has had profound implications on business risk management and compliance.Â
The announcement to ban the sale of new petrol and diesel cars in 2030, under Prime Minister Boris Johnson s 10-point plan to tackle climate change, has also already generated a heightened demand for EVs as well as an uplift in the number of employees reverting to company car policies according to reports.Â
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