Rangatira announces its successful investment in Stuart Drummond Transport

 

Rangatira is pleased to announce its successful investment in Stuart Drummond Transport, investing alongside current part-owner and Managing Director, Brodie Drummond, as well as a group of New Zealand investors.

Stuart Drummond Transport (SDT) is the leading provider of log transport in the Nelson / Marlborough region. With its origins dating back to 1984 and a single truck, SDT now has a modern fleet of over 50 trucks and trailers. SDT transports logs for a wide range of customers in the Nelson Marlborough region, including some of New Zealand’s best known forestry management companies, from forests across the region to the two local ports as well as the numerous sawmills and processing plants in the region. With the backing of Rangatira and other local co-investors, SDT continues the legacy of its founder through co-owner and Managing Director, Brodie Drummond, alongside a loyal and long serving employee base that prides itself on its team culture and focus on a safe work environment and stability of employment.

Rangatira holds an approximately 37% economic interest in SDT and Matt Olde is Rangatira’s representative on the SDT Board.

Rangatira announces its successful investment in Stuart Drummond Transport

 
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