This is United Road Towings 1st transaction in Nevada. Tamayo, 526 F.3d at 1084 (emphasis in original). The Defendants contend that the one-year Employment Period contained in Bergeron's and Davids' Employment Agreements limits the applicability of the Restrictive Covenants. The Employment Period provision solely sets forth the time period Bergeron and Davids were to be employed by United. privacy policy or contact 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 II. 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. Mill Point Capital Acquires Nursery Supplies, Inc. United Road Towing Announces Rebranding, Changes Name to Vehicle Management Solutions, 2021 Mill Point Capital | Terms & Conditions. (954) 252-6874. us for more details. ." Chassix is a automotive supplier of precision casting and machining solutions. Milestone and Carlyle acquired United Road in an LBO in November 2005. Win whats next. On December 31, 2009, United Road Towing acquired transportation company Sunrise Towing Acquisition Highlights. Bergeron's 2010 Employment Agreement's Employment Period expired on May 17, 2011. 2009). The Company serves municipalities and state transportation departments, insurance companies, motor clubs, rental car agencies, delivery companies and various other clients. 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 . Mill Point Capital Acquires URT United Road Towing | citybiz our sites and services. Davids continued his employment with United for an additional year and a half after the expiration of his Employment Period. Antony (French pronunciation: ) is a commune in the southern suburbs of Paris, France, 11.3 km (7.0 mi) from the centre of Paris.Antony is a subprefecture of the Hauts-de-Seine department and the seat of the arrondissement of Antony.. United Road Towing, Inc. GoodBuy Auto Auctions; UR Vehicle Management Solutions; URT-South Florida. Towing, Inc. v. Incidentclear, LLC. Copyright 2012 - 2023 | citybiz | All Rights Reserved, Advertising / Media / Communications / Public Relations. 2009) ("Courts do not worry about conflict of laws unless the parties disagree on which state's law applies."). Active, Closed, Whether an Organization is for profit or non-profit, General contact email for the organization, Auto-generated name of transaction (e.g. The parties do not dispute that Illinois law governs the disposition of all claims. 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 owners, management and staff of Interstate Delaware & South, Inc. are proud of its past and areeager to earn the respect and confidence of the public of Indianapolis and the trucking community of the region. Thus, the Defendants' motion to dismiss Count III of United's complaint is denied. Then, in 1997, Interstate took new ownership. After Bergeron's termination, Corcoran later called Bergeron and requested that he come to United's headquarters 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. 7-Day Free Trial. Corp., 963 N.E.2d 968, 981 (Ill. App. United Road Towing Auction Results In $40M Winning Bid UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION. Providing Solutions To Municipalities, Law Enforcement and Comme Together, with Mill Points resources and Value Creation playbook, VMS is poised to deepen its success in the vehicle management space.. 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. As a preliminary matter, the Defendants move to strike paragraphs 8 and 58 from United's complaint pursuant to Rule 12(f). The Companys expansive service offerings and geographic footprint are a testament to their leadership. United Road Towing has acquired in 1 US state. You can unsubscribe at any time by clicking on the unsubscribe link at the bottom of our emails. United Rd. Towing, Inc. v. Incidentclear, LLC - Casetext Interstate Towing has been a staple in the Indianapolis community since 1963. 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 is a Delaware corporation with its principal place of business in Mokena, Illinois and is a citizen of Delaware and Illinois. By continuing to use this site you are consenting to these choices. United Road Towing engages in towing, recovery, impound, and vehicle management solutions in both the private and public sectors. United Road Towing, Inc. is the leader in towing, recovery, impound, and vehicle management solutions in both the private and public sectors. Transportation Company United Road Towing has acquired 1 company of its own. 7-Day Free Trial. Milestone Partners was formed in 1995 and is based in Radnor, Pennsylvania. 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. Full title:UNITED ROAD TOWING, INC., Plaintiff, v. INCIDENTCLEAR, LLC, GEORGE, Court:UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION. Location: Miami, FL. This is United Road Towings 1st transaction in the Transportation sector. United Road Towing, Inc. - Redefining The Towing Experience The Court draws all reasonable inferences in favor of United. United Road Towing | Mokena IL - Facebook 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.. Visit Company Website. United Road Towing's latest funding round was a Acq - Fin for on July 26, 2022. The Court determined that Bergeron's and Davids' Employment Agreements, with their ancillary Confidentiality Agreements, were valid. Mill Point Capital Acquires United Road Towing - Mergr 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. Private Acquired by Mill Point Capital, LLC. 2023 PitchBook. Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. 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 . 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. United Road Towing engages in towing, recovery, impound, and vehicle management solutions in both the private and public sectors. The Company's most targeted sectors include transportation (100%). 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. 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. Soon after Bergeron's departure, Davids resigned in August 2013. The Defendants continue to argue that even if United can maintain a breach of contract claim, the Award Agreements have expired. Accordingly, United can maintain a claim for breach of Bergeson's and Davids' Award Agreements. This is United Road Towing's 1st transaction in the Transportation sector. You can read more about your. 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. Good Guy Towing was started by Bergeron's wife and Carl Bergeron, Bergeron's relative. United Road Towing has 5 investors. Mill Point employs an Executive Partner model and has extensive experience investing in business services companies focused on federal, state and municipal government clients. Claim your profile to get in front of buyers, investors, and analysts. 2003). Mill Point is based in New York, NY. ." United Road Towing's Competitors, Revenue, Number of - Owler 02-19-2015 UNITED ROAD TOWING, INC., Plaintiff, v. INCIDENTCLEAR, LLC, GEORGE BERGERON, and RYAN DAVIDS, Defendants. Id. You're more than your latest funding, tell our customers your company's story. 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. Bergeron, not knowing the reason for Corcoran's requested meeting, immediately called Davids. (708) 390-2200 of Osteopathic Med., 719 F.2d 1326, 1330 (7th Cir. v. Blagojevich, 526 F.3d 1074, 1084 (7th Cir. Through an extensive portfolio of local and. United Road towing company aims for quick sale in bankruptcy 1999)). The Defendants posit that United cannot sustain a claim for a breach of its Award Agreements because United was never a party or beneficiary to the Award Agreements. 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. Casetext, Inc. and Casetext are not a law firm and do not provide legal advice. 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. United Road Towing, Inc. is the leader in towing, recovery, impound, and vehicle management solutions in both the private and public sectors. In late 2012 or early 2013, Bergeron approached the president of United and tried to buy Export back from United for the same price that his wife sold the company for in 2006. UR VMS. Milestone Partners is a lower middle-market private equity firm specializing in investments in manufacturing, distribution, and service companies. Bergeron was terminated in July 2013 and Davids resigned in August 2013. Accordingly, the Employments Agreements are enforceable and Bergeron and Davids are bound to the Restrictive Covenants found therein. ." 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 and IT services sectors in North America. The Court denies Defendants' motion to dismiss Count II of United's complaint. Corp. v. Twombly, 550 U.S. 544, 555 (2007)). To prevail on a claim for breach of contract under Illinois law United must prove: "(1) the existence of a contract, (2) the performance of its conditions by the plaintiff, (3) a breach by the defendant, and (4) damages as a result of the breach." The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. About URT United Road Towing, Inc. Illinois Transportation with Acquisitions, Illinois Transportation with Divestitures, Recently Acquired Transportation Companies, Recently Acquired United States Companies, M&A research that takes seconds (not all afternoon), Better understand your customers and prospects. Purdue Research Found v. Sanofi-Synthelabo, S.A., 338 F.3d 773, 782-83 (7th Cir.