Hennepin Partners Advises UR VMS on its Sale to Mill Point Capital
Markham, IL – URT United Road Towing, Inc. (“United Road Vehicle Management Systems,” “UR VMS,” or the “Company”) has been acquired by Mill Point Capital. Hennepin Partners acted as UR VMS’s exclusive financial advisor and Karr Tuttle Campbell served as legal counsel. The transaction closed on July 26, 2022, and terms were not disclosed.
Headquartered in Markham, IL, UR VMS is the nation’s leader in vehicle management solutions for both public- and private-sector clientele, making it an ideal platform for growth in a highly fragmented industry. UR VMS’s lines of business include dispatch, towing, vehicle impound services, freeway service patrols, roadside assistance, disaster response, and unclaimed vehicle sales for municipal and commercial clients. The Company serves municipalities and state transportation departments, insurance companies, motor clubs, rental car agencies, delivery companies, and various other clients. Through an extensive portfolio of local and regional operations, UR VMS dispatches approximately ~300,000 tows, manages ~100,000 impounded cars, and sells ~30,000 unclaimed vehicles annually across the U.S.
Kevin Corcoran, Chief Executive Officer of UR VMS and member of the Board of Directors, added “I am thrilled to be partnering with Mill Point and its deep bench of industry experts. Together with Mill Point’s resources and value creation playbook, UR VMS is poised to expand on its success in the vehicle management space.”