United Road Towing was founded in 2005 and is based in Mokena, Illinois. The Court concludes that Bergeron and Davids extended the terms of their Employment Agreements with United through mutual agreement. 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. Milestone and Carlyle acquired United Road in an LBO in November 2005. You can read more about your cookie choices at our privacy policyhere. United Road Towing acquired by Milestone Partners, Name of the organization that made the acquisition, Total number of Crunchbase contacts associated with this organization, Total number of employee profiles an organization has on Crunchbase, Total number of organizations similar to the given organization, Descriptive keyword for an Organization (e.g. 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. (954) 252-6874. Milestone prefers companies with growth potential and proven management. Sunrise Towing, Inc. is a provider of vehicle towing services for clients in Las Vegas and surrounding areas. Bodybuilding.com is an online retailer of vitamins, minerals, dietary and nutritional supplements, and fitness-related products. 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.
United Road Towing | LinkedIn Good Guy Towing was started by Bergeron's wife and Carl Bergeron, Bergeron's relative. Visit Company Website. We continue to broaden our network by actively adding high quality towing, recovery, and storage services across the country. ."
United Road Towing Acquires Sunrise Towing - Mergr Hallinan v. Fraternal Order of Police of Chi. Davids continued his employment with United for an additional year and a half after the expiration of his Employment Period. 1992).
United Road Towing Company Profile - Craft Under the Gilbert's reign of Interstate, Interstate Towing rose to great heights - becoming one of Indianapolis's finest towing and recovery companies. regarding PitchBook Data's products. The deal both solidifies United Road's leading market share in the region and enhances its offered services. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. CBI websites generally use certain cookies to enable better interactions with. For the VMS platform, Paul Colangelo, an executive with an extensive track record serving local and state government clients, will serve as the Companys Vice Chairman of the Board. Which brings us to today and withits new ownership commencing as ofJune 1, 2012. Learn more. Address: United Road Towing, Inc. Corporate Office 18861 90th Avenue, Suite E Mokena, IL 60448 Business Hours . The Award Agreements were provided to encourage loyalty to URT Holdings and United. Not only was Bergeron's and Davids' Employment Agreements extended by mutual agreement, the Restrictive Covenants are temporally broader than the Employment Period. United Road Towing provides towing, recovery, impound, and vehicle management solutions for the automotive industry. "Allegations may be stricken as scandalous if the matter bears no possible relation to the controversy or may cause the objecting party prejudice." 2011)).
For more information, please visitwww.millpoint.com.
Win whats next. Bergeron and Davids, as management employees of United, entered into the Award Agreements with URT Holdings to "advance the best interests of [URT Holdings] by providing those persons who have substantial responsibility for it or its Subsidiaries' management and growth . Davids began his employment with United in April 2006.
Homepage | United Road Yes" read more Bergeron continued his employment with United for an additional two years after the expiration of his Employment Period. It offers services like services municipal solutions, vehicle sales, commercial services, private property, fleet services, and more. Claim your profile to get in front of buyers, investors, and analysts. All rights reserved. The Companys expansive service offerings and geographic footprint are a testament to their leadership. The Restrictive Covenants, contained in the Employment Agreement, were in force "during the tenure of Employee's employment with [] [United] and for a period of two (2) years following termination . Id. As a condition of his employment and promotion, Davids executed an Employment Agreement in 2011("Davids' 2011 Employment Agreement"). United Road Towing has acquired 1 company of its own.
United Rd. Towing, Inc. v. Incidentclear, LLC - Casetext Join the more than 1.5 million industry professionals who get our daily newsletter! Location: Detroit, MI.
The Carlyle Group and Milestone Partners Acquire United Road Towing - Mergr United States District Court Dated: 2/19/2015, United Rd. 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. UnderUnited Road Towing's directionwith Interstate Towing, they acquired Delaware & South Towing and consolidated both businesses under one roof. . Mill Points experienced team of investors and Executive Partners seek portfolio company value enhancement through rigorous implementation of transformative strategic initiatives and operational improvements.
United Road Towing, Inc. - Redefining The Towing Experience Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings.
About Us | United Road All rights reserved. Because the customer service was magnificent. Print the map. United Road Towing's latest funding round was a Acq - Fin for on July 26, 2022. United States, 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. Like United, Good Guy Towing provided motor vehicle towing, recovery and transport services to municipalities. Win whats next.
United Road Towing, Inc. - Mobile While at work at United, Davids was overheard having a conversation with Bergeron discussing their plan to open a competitive business venture. 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. of Osteopathic Med., 719 F.2d 1326, 1330 (7th Cir. United Road Towing provides towing, recovery, impound, and vehicle management solutions for the automotive industry. 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. Our regional presence provides consistent, high quality towing services to customers within our operating regions. "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. 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. United Road Towing engages in towing, recovery, impound, and vehicle management solutions in both the private and public sectors. United Road Towing - the nation's largest towing company - bought out the Gilberts. Through an extensive portfolio of local and. Bergeron signed his Employment Agreement in 2010 and Davids signed his Employment Agreement in 2011, with both employees leaving United in 2013. United Road Towing. Fed. Lodge No. Tortious Interference with Contract (Count III). .
Morningstar Institutional Equity Research. Fed. United Road Towing, Inc. is the leader in towing, recovery, impound, and vehicle management solutions in both the private and public sectors. Pursuant to Rule 8(a)(2), a complaint must contain "a 'short and plain statement of the claim showing that the pleader is entitled to relief,' sufficient to provide the defendant with 'fair notice' of the claim and its basis." 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. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. 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. The United Road Family of Companies is the industry leader in providing vehicle and heavy-haul transportation services, shipping over 4 million units annually throughout the United States and Canada through our affiliated companies (collectively, "United Road"): URS Midwest, Inc. (interstate carrier . The Defendants move to dismiss United's breach of contract claim and its tortious interference with contract claim. The Seventh Circuit in Aurora Blacktop Inc. v. American Southern Ins. United Road Towing has 5 investors. UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION. Accordingly, United can maintain a claim for breach of Bergeson's and Davids' Award Agreements. 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 . Copyright 2012 - 2023 | citybiz | All Rights Reserved, Advertising / Media / Communications / Public Relations. ." Bergeron, not knowing the reason for Corcoran's requested meeting, immediately called Davids. We look forward to partnering with the VMS team and executing on our Value Creation Plan, said Dustin Smith, Partner of Mill Point. United Road Towing was founded in 2005 and is based in Mokena, Illinois. The Firm will not invest in businesses in high cyclical industries, with low barriers to entry, or have a high reliance on technology. URT has been a portfolio company of Milestone Partners and The Carlyle Group since November 2005. 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. Overview & Products Financials People Customers Investors Count 5 Funding, Valuation & Revenue 3 Fundings United Road Towing's latest funding round was a Acq - Fin for on July 26, 2022. -->. Open Transportation Largest vehicle hauler across North America Enclosed Transportation White glove services to safely deliver your classic and exotic vehicles Oversized Vehicles Can move anything, any size, anywhere at any time Direct to Home Residential pickup and delivery expertise Storage & Marshalling Secured locations
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. Expands Service Presence to the Twin Cities of Minnesota MOKENA, IL--(Marketwire - May 18, 2011) - United Road Towing, Inc. (URT), the leader in towing, recovery, impound management, vehicle disposal, and motorist assistance solutions for both the public and private sectors, acquired Rapid . Private Acquired by Mill Point Capital, LLC. United provides towing and highway assistance services to municipalities and other local governmental authorities throughout the United States. 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. 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. The Defendants contend that the one-year Employment Period contained in Bergeron's and Davids' Employment Agreements limits the applicability of the Restrictive Covenants. Garnet Valley, Pennsylvania, United States. The Company serves municipalities and state transportation departments, insurance companies, motor clubs, rental car agencies, delivery companies and various other clients. 2023 PitchBook. The acquired company provides towing and impound services to municipalities, commercial customers and private property impound customers. 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. Casetext, Inc. and Casetext are not a law firm and do not provide legal advice. Search Deals Now SEARCH BY Buyer Type (PE or Strategic) Deal Size ($10M to $10B+) Sector (60 Sectors) Deal Type Geography & More Try For Free 7-Day Free Trial Buyer (S) 2 Buyer The Carlyle Group Washington, District of Columbia, United States website DESCRIPTION P. 8(a)(2); Bell Atl. However, the Employment Period provision goes on to allow for the extension of the employees term by mutual extension. Transportation Company United Road Towing has acquired 1 company of its own. View all funding This profile has not been claimed. United Road Towing United Road Towing provides towing, recovery, impound, and vehicle management solutions for the automotive industry. The Companys online retail model combines expert nutrition and fitness content and advice with an extensive array of top-of-the-line nutritional supplements, including its own proprietary brand, Higher Power, as well as accessories and apparel. United contends that: (1) all the Defendants violated the Illinois Trade Secrets Act; (2) Bergeron and Davids are in breach of contract; (3) Bergeron and Davids are liable for tortious interference with their contract; (4) all the Defendants tortuously interfered with United's prospective economic relationships; (5) Bergeron is in breach of his fiduciary duty of loyalty; and (6) Davids committed conversion. This is United Road Towings 1st transaction in the United States. The Court will resolve the viability of sustaining a breach of contract claim for each agreement. United alleges in its complaint that Bergeron and Davids breached their Employment Agreement and Award Agreement by engaging in activity that directly competed with its business. By continuing to use this site you are consenting to these choices. You can read more about your.
United Road Towing | Mokena IL - Facebook our sites and services. Mill Point employs an Executive Partner model and has extensive experience investing in business services companies focused on federal, state and municipal government clients. United previously maintained the MassDOT contract through its purchase of Export and submitted bids to continue with MassDOT, only to lose to IncidentClear. The Court determined that Bergeron's and Davids' Employment Agreements, with their ancillary Confidentiality Agreements, were valid. Accordingly, the Employments Agreements are enforceable and Bergeron and Davids are bound to the Restrictive Covenants found therein. United Road Towing, Inc. Acquires Rapid Recovery, Inc. See Auto-Owners Ins.
Our regional presence provides consistent, high quality towing services to customers within our operating regions. This is The Carlyle Groups 4th and Milestone Partners 1st transaction in the Transportation sector.
Milestone Partners companies complete deals About Mill Point Capital United Road Towing has acquired in 1 US state. We look forward to partnering with the VMS team and executing on our Value Creation Plan, said Dustin Smith, Partner of Mill Point. 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 . For the VMS platform, Paul Colangelo, an executive with an extensive track record serving local and state government clients, will serve as the Companys Vice Chairman of the Board. Bergeron was an employee of Export when United was purchased. 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.
Nanterre - Wikipedia United Road Towing engages in towing, recovery, impound, and vehicle management solutions in both the private and public sectors. To send inquiries, including feedback, requests for information, and questions regarding public relations, you can use our Feedback and Inquiries form San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g.
Boulevard de Pesaro - streets of Nanterre, le-de-France, France The Defendants essentially repeat their previously rejected arguments concerning the expiration of Bergeron's and Davids' Employment Agreements and Award Agreements. 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.
United Road Towing Adds On | PitchBook 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. Under United Road Towing's direction with Interstate Towing, they acquired Delaware & South Towing and consolidated both businesses under one roof. In November 2014, IncidentClear was awarded a contract with MassDOT to provide highway assistance services across six regions in Massachusetts. Acquired by Milestone Partners Mokena, Illinois, United States 501-1000 Private unitedroadtowing.com 254,131 Highlights Contacts 43 Employee Profiles 1 Similar Companies 3 Find More Contacts for United Road Towing Jerry Corcoran CEO Both Bergeron's and Davids' Employment Agreements and the Award Agreements are valid and enforceable. Copyright 2023 CB Information Services, Inc. All rights reserved. As such, the terms of the Restrictive Covenants are, therefore, enforceable.
United Road towing company aims for quick sale in bankruptcy Now before the Court is Defendant IncidentClear LLC ("IncidentClear"), George Bergeron ("Bergeron"), and Ryan Davids ("Davids") (collectively the "Defendants") motion to dismiss brought pursuant to Federal Rule of Civil Procedure ("Rule") 12(b)(6). United Road Towing engages in towing, recovery, impound, and vehicle management solutions in both the private and public sectors. www.unitedroadtowing.com. CODi uses a strong sourcing network and a proprietary sales channel to distribute products of exceptional quality and value. Therefore, the Defendants conclude that United cannot maintain its breach of Award Agreement action.
United Road Towing, Inc. - Redefining The Towing Experience The Restrictive Covenants section is distinct and is laid out in a later separate section of the Employment Agreement.
Interstate Towing - About Us URT-South Florida Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone. July 26, 2022 11:54 AM Eastern Daylight Time. Nanterre road map Nanterre satellite view. 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 Road Towing acquired by Milestone Partners - Crunchbase 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 asserts that Bergeron and Davids incorrectly view the Employment Agreement as being limited to the time period laid out in the Employment Period section, when the Restrictive Covenants section is broader and covers Bergeron's and Davids' conduct alleged in its complaint.
Corp. v. Twombly, 550 U.S. 544, 555 (2007)). This is The Carlyle Groups 3rd and Milestone Partners 1st transaction in Illinois. On January 12, 2015, the Defendants moved to dismiss two counts of United's complaint. United Road Towing, Inc. Tel: (708) 390-2200 Fax: (708) 390-2222 Email UR VMS UR VMS Website Toll Free: 1-877-684-4440 Tel: (708) 390-2272 Email GoodBuy Auto Auction GoodBuy Auto Auction Website Email
United Road Towing - Crunchbase Company Profile & Funding By Jonathan Randles April 12, 2017 3:07 pm ET | WSJ Pro Text Medley Capital Corp., a lender and current majority owner of United Road Towing Inc., has won a bankruptcy auction for the. United Road Towing is a company engaged in towing, recovery, impound, and vehicle management solutions. Chassix is a automotive supplier of precision casting and machining solutions. This is United Road Towings 1st transaction in Nevada. Join the more than 1.5 million industry professionals who get our daily newsletter! R. Civ. United Road Towing was founded in 2005 and is based in Mokena, Illinois. United Road Towing engages in towing, recovery, impound, and vehicle management solutions in both the private and public sectors. Headquartered in Markham, IL, VMS is a leading provider of vehicle management solutions.
United Road Creditors Seek To Rein In Owner Medley Capital CHARLES P. KOCORAS, District Judge MEMORANDUM OPINION:
United Road Towing Mergers and Acquisitions Summary | Mergr Mill Point Capital LLC is a private equity firm focused on control investments in lower-middle market companies in North America across the business services, IT services and industrials sectors in North America. Section 3 of both Bergeron's and David's Employment Agreements state: As executives of United, Bergeron and Davids participated in URT Holdings Inc.'s ("URT Holdings") 2007 Omnibus Stock Incentive Plan and 2011 Amended and Restated Omnibus Stock Incentive Plan (the "Plans"), pursuant to which they were awarded options to purchase shares of URT Holdings common stock. UR VMS. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. United Road Towing, Mokena, Illinois. Then, in 1997, Interstate took new ownership. at 654 F.3d at 716-17.
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 . DESCRIPTION Mill Point Capital is a private equity firm focused on buyouts of established middle-market companies with strong track records. 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. PE-backed automobile towing company United Road Towing has added on Rapid Recovery. Full title:UNITED ROAD TOWING, INC., Plaintiff, v. INCIDENTCLEAR, LLC, GEORGE, Court:UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION. The Gilberts were offered a deal they couldn't refuse. The Companys most targeted sectors include transportation (100%). PE-backed automobile towing company United Road Towing has added on Rapid Recovery. 2010) (citing Int'l Mktg., Ltd. v. Archer-Daniels-Midland Co., 192 F.3d 724, 729 (7th Cir. The timing for my vehicle getting fixed worked perfect with my work day. Active, Closed, Whether an Organization is for profit or non-profit, General contact email for the organization, Auto-generated name of transaction (e.g. 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." When Bergeron became Vice President of Towing Operations, he was responsible for overseeing the bidding for the MassDOT contract on behalf of United.
United Road Towing's Competitors, Revenue, Number of - Owler 2,501 likes. In 1972 the Gilbert familytook over ownership of Interstate Towing after a tragic plane crashthatkilled the founder of Interstate. 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. 18861 90th Avenue, Suite E,
Deals Intelligence Mill Point Capital (Mill Point) has acquired URT United Road Towing (VMS), a specialist in vehicle management solutions for both public- and private-sector clients. a.fb-icon-element.fontawesome-icon.fb-icon-element-1{ color: #2e5ef1;}a.fb-icon-element.fontawesome-icon.fb-icon-element-1:hover { color: #2e5ef1;}BACK TO NEWS. Corp., 963 N.E.2d 968, 981 (Ill. App. 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. Talbot v. Robert Matthews Distrib. Nanterre (/ n t r /, French: ()) is the prefecture of the Hauts-de-Seine department in the western suburbs of Paris.It is located some 11 km (6.8 mi) northwest of the centre of Paris.In 2018, the commune had a population of 96,807.. United Road Towing - the nation's largest towing company - bought out the Gilberts. MARKHAM, Ill.-- ( BUSINESS WIRE )--URT United Road Towing, Inc. ("VMS", or the "Company"), a leader in vehicle management solutions for both . United Road Towing has acquired in 1 US state.
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