Through an extensive portfolio of local and regional brands, the company dispatches approximately 500,000 tows, manages over 300,000 impounds and sells over 60,000 vehicles annually across the United . United Road Towing's Profile, Revenue and Employees. United Road Towing, Inc. - Redefining The Towing Experience Morningstar Institutional Equity Research. As part of the Acquisition, United acquired, among other things, all of Export's goodwill, trade secrets, intellectual property, customer lists, supplier lists, inventory, and customer agreements. site you are consenting to these choices. United Road Towing is an Illinois-based company that offers services including towing, recovery and vehicle management for municipalities and state transportation departments. Explore "Boulevard de Pesaro" on the map of Nanterre in street view mode. In addition, Chris Hearing, Partner of Operations at Mill Point and current Chief Strategy Officer of Avenu, will serve as VMS Executive Chairman going forward. Davids started as a financial analyst and then corporate controller, and on January 1, 2011, he became Vice President of Business Development. You're more than your latest funding, tell our customers your company's story. MARKHAM, Ill.-- ( BUSINESS WIRE )--URT United Road Towing, Inc. ("VMS", or the "Company"), a leader in vehicle management solutions for both . The acquired company provides towing and impound services to municipalities, commercial customers and private property impound customers. The Court is not confused and prejudice will not result from denying the motion to strike, as the allegations concerning Bergeron's ownership or control of Export prior to the Acquisition are relevant to United's claim. Tamayo, 526 F.3d at 1084 (emphasis in original). The Nations Largest Towing Company! Currency: Euro (EUR) Geographic coordinates: ( decimal degrees) Latitude: 48.9 N. Boulevard de Pesaro - streets of Nanterre (le-de-France). Talbot v. Robert Matthews Distrib. Boulevard de Pesaro - streets of Nanterre, le-de-France, France Markham, IL July 26, 2022 URT United Road Towing, Inc. (VMS, or the Company), a leader in vehicle management solutions for both public- and private-sector clients, announced that it has partnered with Mill Point Capital LLC (Mill Point), a middle-market private equity firm focused on control-oriented investments in the business services, industrials and IT services sectors in North America. The Company serves municipalities and state transportation departments, insurance companies, motor clubs, rental car agencies, delivery companies and various other clients. Given the fact that both Bergeron and Davids continued for more than a year after the expiration of their Employment Agreements, a reasonable inference can be drawn that the parties mutually agreed to continue their employment relationship. The Carlyle Group was formed in 1987 and is based in Washington DC. United Road towing company aims for quick sale in bankruptcy The Defendants argue that their Employment Agreements and the ancillary Confidentiality Agreements expired a year after they were signed, thus rendering the restrictions in both Employment Agreements unenforceable. Paul Colangelo is currently the Chief Executive Officer of Avenu Insights & Analytics (Avenu), a Mill Point portfolio company and leading provider of integrated administrative software and revenue enhancement solutions for local and state government clients across the U.S. and Canada. Davids began his employment with United in April 2006. The Award Agreements were provided to Bergeron and Davids to encourage both managerial employees to contribute to the growth of United and to remain employed by United. The Restrictive Covenants section of Bergeron's and Davids' Award Agreements prohibited either employee from engaging in business activities that compete with United for a term of 12 months after their departure from United. 02-19-2015 UNITED ROAD TOWING, INC., Plaintiff, v. INCIDENTCLEAR, LLC, GEORGE BERGERON, and RYAN DAVIDS, Defendants. The Defendants contend that United cannot maintain its breach of contract claims based on the alleged breach of the Employment Agreements or Award Agreements because both agreements are unenforceable. You can read more about your cookie choices at our privacy policyhere. Location: Detroit, MI. "In Illinois, if a contract is entered into for the direct benefit of a third person who is not a party to the contract, that person may sue on the contract as a third-party beneficiary. The Defendants contend that the one-year Employment Period contained in Bergeron's and Davids' Employment Agreements limits the applicability of the Restrictive Covenants. (954) 252-6874. Interstate Towing has been a staple in the Indianapolis community since 1963. The parties do not dispute that Illinois law governs the disposition of all claims. The Defendants move to strike both paragraphs of United's complaint that discuss Bergeron's wife being listed as Export's sole owner for the purpose of bidding on contracts as a women-owned business. . . Garnet Valley, Pennsylvania, United States. The Carlyle Group and Milestone Partners Acquire United Road Towing - Mergr On April 28, 2014, Bergeron and Davids formed IncidentClear with another former United employee, Timothy Postma. The Defendants primarily rely on the fact that the Award Agreements were solely entered into between URT Holdings, Bergeron, and Davids, without any mention of United. CODi uses a strong sourcing network and a proprietary sales channel to distribute products of exceptional quality and value. Try For Free This is United Road Towings 1st transaction in the United States. As a condition of his employment and promotion, Davids executed an Employment Agreement in 2011("Davids' 2011 Employment Agreement"). Yes" read more The VMS transaction is an exceptional opportunity to acquire the preeminent player in a growing, yet established industry, while also working with a world-class management team. Accordingly, the restrictions in those agreements are enforceable. On December 31, 2009, United Road Towing acquired transportation company Sunrise Towing Acquisition Highlights. Fed. The Company serves municipalities and state transportation departments, insurance companies, motor clubs, rental car agencies, delivery companies and various other clients. United Road Towing has completed its sixth add-on since it was acquired by Milestone Partners and The Carlyle Group with the acquisition of Sunrise Towing, a provider of towing services.The deal both solidifies United Road's leading market share in the region and enhances its offered services. When Bergeron became Vice President of Towing Operations, he was responsible for overseeing the bidding for the MassDOT contract on behalf of United. United deploys a fleet of vans and tow trucks along highway and road systems to look for and assist broken down and stranded motorists and provide them with towing, transport, recovery and other services. Bergeron, not knowing the reason for Corcoran's requested meeting, immediately called Davids. Mill Point employs an Executive Partner model and has extensive experience investing in business services companies focused on federal, state and municipal government clients. Transportation Company United Road Towing has acquired 1 company of its own. Additionally, the allegations in the complaint must "actually suggest that the plaintiff has a right to relief, by providing allegations that raise a right to relief above a speculative level." United Road Towing engages in towing, recovery, impound, and vehicle management solutions in both the private and public sectors. Which brings us to today and with its new ownership commencing as of June 1, 2012. Davids' 2011 Employment Agreement's Employment Period expired on January 1, 2012. Under United Road Towing's direction with Interstate Towing, they acquired Delaware & South Towing and consolidated both businesses under one roof. Text A United Road Towing Inc. creditor group wants to rein in the bidding rights of Medley Capital Corp., the bankrupt towing company's majority owner and major financial backer. Co. v. Websolv Computing, Inc., 580 F.3d 543, 547 (7th Cir. Through an extensive portfolio of local and. Lodge No. Our regional presence provides consistent, high quality towing services to customers within our operating regions. This is United Road Towing's 1st transaction in the Transportation sector. United Road Towing was sold to a financial buyer in 2022. Sunrise is the sixth add-on acquisition by URT since. About Mill Point Capital United has sufficiently alleged that Bergeron and Davids engaged in conduct that was in violation of the Employment Agreements and Award Agreements both during their tenure at United and after their departure from United. Our regional presence provides consistent, high quality towing services to customers within our operating regions. United Road Towing | Mokena IL - Facebook Together, with Mill Points resources and Value Creation playbook, VMS is poised to deepen its success in the vehicle management space.. In addition, Chris Hearing, Partner of Operations at Mill Point and current Chief Strategy Officer of Avenu, will serve as VMS Executive Chairman going forward. Visit Company Website. United States District Court Dated: 2/19/2015, United Rd. The Companys expansive service offerings and geographic footprint are a testament to their leadership. United Road Towing was founded in 2005 and is based in Mokena, Illinois. Corp., 963 N.E.2d 968, 981 (Ill. App. UnderUnited Road Towing's directionwith Interstate Towing, they acquired Delaware & South Towing and consolidated both businesses under one roof. The Seventh Circuit in Aurora Blacktop Inc. v. American Southern Ins. Mokena, Illinois Milestone Partners companies complete deals The Defendants' motion to strike is denied. Milestone looks for businesses valued up to $250 million with EBITDA of $5 to $50 million. United Road Towing, a Mokena, Ill.-based company that is the nation's largest towing firm, acquired Sunrise Towing of Las Vegas. The eastern part of Nanterre, bordering the communes of Courbevoie and Puteaux, contains a small part of the La Dfense business district of Paris and . United Road Towing engages in towing, recovery, impound, and vehicle management solutions in both the private and public sectors. Brands & Services. United Road Towing Company Profile - Craft United Road Towing, Inc. is the leader in towing, recovery, impound, and vehicle management solutions in both the private and public sectors. United Road Towing's latest funding round was a Acq - Fin for on July 26, 2022. United Road Towing Owner Medley Capital Wins Bankruptcy Auction Acquiring Organization: Milestone Partners Milestone Partners is a private equity firm focused on recapitalizations of lower middle-market businesses. United previously maintained the MassDOT contract through its purchase of Export and submitted bids to continue with MassDOT, only to lose to IncidentClear. The acquired company provides towing and impound services to municipalities, commercial customers and private property impound customers. United Road Towing, Inc. is the leader in towing, recovery, impound, and vehicle management solutions in both the private and public sectors. Mill Point is based in New York, NY. For the following reasons, the Defendants' motion to dismiss is denied and their accompanying motion to strike is also denied. You can unsubscribe at any time by clicking on the unsubscribe link at the bottom of our emails. UR VMS. Like United, Good Guy Towing provided motor vehicle towing, recovery and transport services to municipalities. Those awards were memorialized in Award Agreements into which Bergeron and Davids entered into in 2008 (Bergeron and Davids) and 2011 (Davids) (the "Award Agreements"). The Court denies Defendants' motion to dismiss Count II of United's complaint. MARKHAM, Ill.- ( BUSINESS WIRE )- URT United Road Towing, Inc ., a leader in vehicle management solutions for both public- and private-sector clients, announced that it has partnered with Mill Point Capital LLC, a middle-market private equity firm focused on control-oriented investments in the business services, industrials . With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Claim your profile to get in front of buyers, investors, and analysts. United Road Towing is a company engaged in towing, recovery, impound, and vehicle management solutions. Markham, IL - July 26, 2022 - URT United Road Towing, Inc. ("VMS", or the "Company"), a leader in vehicle management solutions for both public- and private-sector clients, announced that it has partnered with Mill Point Capital LLC ("Mill Point"), a middle-market private equity firm focused on control-oriented investments in the business services, industrials and IT services . CBI websites generally use certain cookies to enable better interactions with. Kevin, Michael Mahar and the rest of the management team have done a tremendous job taking VMS to new heights over the last few years. At the time of the Acquisition, Export was in an existing contractual relationship with the Massachusetts Department of Transportation ("MassDOT") to perform towing and highway assistance services across six separate geographic regions within Massachusetts. Milestone Partners was formed in 1995 and is based in Radnor, Pennsylvania. Corp. v. Twombly, 550 U.S. 544, 555 (2007)). 1999)). As a preliminary matter, the Defendants move to strike paragraphs 8 and 58 from United's complaint pursuant to Rule 12(f). You're more than your latest funding, tell our customers your company's story. United Road Towing, Inc. GoodBuy Auto Auctions; UR Vehicle Management Solutions; URT-South Florida. United Road Towing has completed its sixth add-on since it was acquired by Milestone Partners and The Carlyle Group with the acquisition of Sunrise Towing, a provider of towing services. Davids continued his employment with United for an additional year and a half after the expiration of his Employment Period. Mill Point Capital LLC is a private equity firm focused on control investments in lower-middle market companies in North America across the industrials, business services and IT services sectors. See Auto-Owners Ins. Watered by the Bivre, a tributary of the Seine, Antony is at the crossroads of important transport routes, especially the main north-south axis, which has . United's Chief Executive Officer Jerry Corcoran ("Corcoran") confronted Bergeron about his conduct and when Bergeron could not explain the incident, United terminated Bergeron's employment for cause in July 2013. UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION. United Road Towing, Inc. - Mobile 2009) ("Courts do not worry about conflict of laws unless the parties disagree on which state's law applies."). MARKHAM, Ill., July 26, 2022--URT United Road Towing, Inc. ("VMS", or the "Company"), a leader in vehicle management solutions for both public- and private-sector clients, announced that it has . privacy policy or contact Mill Point Capital Acquires Vehicle Management Solutions - Yahoo Finance The brand was launched in 2013 following the integration of SMW Automotive, LLC and Diversified Machine, Inc. SS&C Technologies Holdings is a software provider to the global financial services industry with a broad range of highly specialized software, software enabled-services and software as a service (SaaS) solutions for information management, analysis, trading, accounting, reporting and compliance. Mill Point is based in New York, NY. Location: Miami, FL. July 26, 2022 11:54 AM Eastern Daylight Time. Providing Solutions To Municipalities, Law Enforcement and Comme We continue to broaden our network by actively adding high quality towing, recovery, and storage services across the country. While employed at United it is alleged that both employees planned to start a business that competed directly with it. For the purposes of the instant motion, the following well-pleaded allegations derived from United's complaint are accepted as true for the purposes of this motion. Casetext, Inc. and Casetext are not a law firm and do not provide legal advice. United Road Towing, Inc. - Redefining The Towing Experience La Valle des Couleurs The Getty Villa City Palace of Jaipur Crystal Ballroom Chimney Bluffs State Park Buckhorn State Park Otsego Lake Holly Beach Walk of the Gods Peekamoose Blue Hole Germany Day Trip with Baden-Baden & Black Forest from Strasbourg Manatee Sightseeing and Wildlife Boat Tour Batu Caves And Firefly Tour Include Seafood Dinner And Boat Ride Orange Bay Island Snorkeling Trip . About Us | United Road URT-South Florida The Court finds that United has sufficiently pled that Bergeron and Davids violated the terms of their Awards Agreements both during their employment at United and during the 12 month time period following their departure from United. United Road Towing Acquires Sunrise Towing - Mergr Visit Company Website. As such, the terms of the Restrictive Covenants are, therefore, enforceable. Therefore, the Defendants conclude that United cannot maintain its breach of Award Agreement action. Bodybuilding.com is an online retailer of vitamins, minerals, dietary and nutritional supplements, and fitness-related products. United Road Towing was founded in 2005 and is based in Mokena, Illinois. For more information, please visit www.millpoint.com. This is The Carlyle Groups 117th and Milestone Partners 9th transaction in the United States. The Firm will not invest in businesses in high cyclical industries, with low barriers to entry, or have a high reliance on technology. For the aforementioned reasons, the Court denies the Defendants' motion to dismiss for failure to state a claim concerning Count II and Count III. Nationwide towing service United Road Towing Inc filed for bankruptcy on Monday with plans to press a sale by the end of March in the face of legal costs. The Court also denies the Defendants' motion to strike. Mill Point Capital Acquires Vehicle Management Solutions United Road Towing, Inc. - Redefining The Towing Experience 2023 PitchBook. I agree to receive PitchBook Data's electronic newsletters, updates, promotions and related messages . United Road Towing was founded in 2005 and is based in Mokena, Illinois. United Road Towing Mergers and Acquisitions Summary | Mergr Join the more than 1.5 million industry professionals who get our daily newsletter! The 2007 Plan prohibits Bergeron from engaging in any "Competitive Activity" and customer solicitation or employee recruitment with respect to URT Holdings, and United as its affiliate. The Employment Period provision in the Employment Agreement explicitly limits the time Bergeron and Davids are to be employed by United to one year. This is The Carlyle Groups 3rd and Milestone Partners 1st transaction in Illinois. United Road Towing - CB Insights 2009). The Employment Period provision solely sets forth the time period Bergeron and Davids were to be employed by United. Kevin Corcoran, Chief Executive Officer of 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. This is The Carlyle Groups 4th and Milestone Partners 1st transaction in the Transportation sector. Mill Point employs an Executive Partner model and has extensive experience investing in business services companies focused on federal, state and municipal government clients. Submit Your Analyst Briefing Private Acquired by Mill Point Capital, LLC. Bergeron's 2010 Employment Agreement's Employment Period expired on May 17, 2011. With Pauls industry expertise and the resourcefulness of Mill Points team, I am confident that VMS will continue to be the leader in the vehicle management solutions space while driving innovation and executing on its growth initiatives, commented Chris Hearing. Join the more than 1.5 million industry professionals who get our daily newsletter! Contact United Road Towing : Additional Information: To send inquiries, including feedback, requests for information, and questions regarding public relations, you can use our feedback and inquiries form. us for more details. CODi is a manufacturer and supplier of laptop bags and cases, mobile security devices and other IT accessories to major coporations. Through its extensive portfolio of local and regional operations, the Company dispatches approximately 300,000 tows, manages 100,000 impounded cars, and sells 30,000 unclaimed vehicles annually across the United States. United Road Towing Adds On | PitchBook Copyright 2023 CB Information Services, Inc. All rights reserved. This is United Road Towings 1st transaction in Nevada. 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