Norwest Mezzanine Partners (NMP) has invested a combination of subordinated debt and equity securities to support Mill Point Capital (MPC) in their acquisition of Vehicle Management Solutions (VMS or Company), a leader in vehicle management services for public- and private-sector clients.
“We are excited to partner with MPC on the VMS transaction,” stated Sean Stevens, NMP Partner. “The Company has established themselves as a scaled provider in the towing and related services industry. We look forward to supporting VMS, MPC and the management team as they execute on the Company’s growth initiatives.”
Headquartered in Markham, IL, VMS provides towing, dispatch, impound management, and vehicle sales solutions to municipalities, state transportation departments, insurance companies, and other various clients. The Company, through its portfolio of local and regional operations, is a leading provider in the fragmented towing services industry. VMS places an emphasis on safety and efficiency, improving the processes and profitability of their customers.
Dustin Smith, Partner at MPC, commented, “We are appreciative of NMP’s support and flexibility throughout the investment process. They were collaborative partners from the beginning, and we are glad to have completed our second transaction with them.”
About Mill Point Capital
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. 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.