Thesele Group acquired 27% ownership of Elite Truck Hire from Medu Capital in September 2016.
Elite Truck Hire has been providing short- and long-term truck hire, including full maintenance-leasing (FML) services, to the South African industry for more than 25 years. Elite services more than 150 customers with a fleet strength exceeding 1 600 vehicles.
Following the investment, Thesele takes on the role of an active shareholder, providing support to the investee management team on the strategic and operational direction of the business.
The acquisition is in line with Thesele’s strategy of investing in well-established businesses that have been tested by the market and demonstrated their ability to exceed.