VMS Enhances and Diversifies Dallas Operations with the Acquisition of Integrity
MOKENA, Ill.–(BUSINESS WIRE)–Vehicle Management Solutions LLC (“VMS”), a portfolio company of Mill Point Capital LLC (“Mill Point”), announced the acquisition of Integrity Parking Management (“Integrity” or the “Company”), a leading light-duty Private Property Impound (“PPI”) company based in Denton, Texas, serving the Dallas-Ft. Worth metropolitan area.
Integrity’s business model and geographic presence fit seamlessly with VMS’ Dallas operations and the Company will be able to leverage VMS’ storage and auction capabilities to generate additional revenue. Furthermore, VMS will utilize Integrity’s expansive PPI customer base and overall vehicle quality to optimize both volume and efficiency.
“We believe the Integrity acquisition is an exceptional opportunity to elevate our presence both in Dallas and in the PPI segment, continuing to diversify our geographic exposure and expanding our focus on high margin segments of the industry,” commented Kevin Corcoran, Chief Executive Officer of VMS.
Ann Chiang, Director of Corporate Development and M&A of VMS, added, “The Integrity acquisition will allow VMS to leverage additional resources to accelerate growth in a market with very favorable industry dynamics. We are excited for VMS to further strengthen one of its core mandates, executing on key pillars set forth in its Value Creation Plan.”
About Vehicle Management Solutions LLC
Headquartered in Mokena, IL, VMS is a leading provider of end-to-end vehicle management solutions including dispatch, vehicle storage and traffic incident management. The Company’s mission is to keep streets, roads and highways moving safely and effectively. With a nationwide presence across 12 states, VMS focuses on building long-term relationships with states, municipalities, law enforcement agencies, insurance companies, logistics companies and various other clients to serve their communities. For more information, please visit www.vmsolutions.com.
About Integrity Parking Management
Headquartered in Denton, Texas, Integrity is a leading provider of light-duty PPI towing capabilities throughout the Dallas-Ft. Worth metropolitan area. The Company generates its revenue from apartment complexes and associations.
About Mill Point Capital LLC
Mill Point 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.
Contacts
Jiaeh Kim, (212) 416-5800, info@millpoint.com
Ann Chiang, (415) 519-7488, info@www.vmsolutions.com
