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Mill Point Capital Acquires Vehicle Management Solutions

Jul 26, 2022•almost 3 years ago

Acquiring Company

Mill Point Capital

Acquired Company

Vehicle Management Solutions

New YorkAngel InvestmentVenture Capital

Description

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.

Company Information

Company

Mill Point Capital

Location

New York, New York, United States

About

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. Mill Point’s experienced team of investors and Executive Partners seek portfolio company value enhancement through rigorous implementation of transformative strategic initiatives and operational improvements. Mill Point is based in New York, NY. For more information, please visit www.millpoint.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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