Streamlining Vehicle Management: Vehicle Management Solutions Acquires Integrity Parking Management

Vehicle Management Solutions LLC (“VMS”) has announced its acquisition of Integrity Parking Management (“Integrity”), a leading light-duty Private Property Impound (“PPI”) company based in Denton, Texas. This strategic move will allow VMS to further expand its operations in the Dallas-Ft. Worth metropolitan area and capitalize on new revenue opportunities.

The acquisition of Integrity brings together two companies with complementary business models and geographic presence. VMS' operations in Dallas perfectly align with Integrity's existing customer base, providing an excellent opportunity for growth and increased efficiency. With access to VMS' storage and auction capabilities, Integrity can optimize volume and generate additional revenue.

Kevin Corcoran, Chief Executive Officer of VMS, emphasized the significance of this acquisition, stating, "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."

VMS sees Integrity's broad PPI customer base and overall vehicle quality as valuable assets that can be leveraged to enhance volume and efficiency. By tapping into Integrity's resources, VMS can accelerate growth in a market with favorable industry dynamics, as stated by Ann Chiang, Director of Corporate Development and M&A of VMS.

Vehicle Management Solutions LLC, headquartered in Mokena, IL, is a trusted provider of end-to-end vehicle management solutions. Their services encompass dispatch, vehicle storage, and traffic incident management, with a primary focus on ensuring safe and effective movement on streets, roads, and highways. With a presence in 12 states across the nation, VMS builds lasting relationships with clients ranging from states and municipalities to law enforcement agencies, insurance companies, and logistics companies.

Integrity Parking Management, headquartered in Denton, Texas, specializes in light-duty PPI towing capabilities within the Dallas-Ft. Worth metropolitan area, generating revenue primarily from apartment complexes and associations. This expertise and established customer base perfectly align with VMS' goals, allowing for seamless integration and growth.

Mill Point Capital LLC, a private equity firm, backs Vehicle Management Solutions LLC. Mill Point focuses on control investments in lower-middle market companies in North America, specifically within the industrials, business services, and IT services sectors. The firm's experienced team of investors and Executive Partners employ transformative strategic initiatives and operational improvements to enhance portfolio companies' value.

Integrating Integrity Parking Management into VMS' operations will strengthen the company's position in Dallas and the PPI segment. This acquisition aligns with VMS' Value Creation Plan, enabling the company to execute on key pillars and further enhance its market presence. By leveraging additional resources and expertise, VMS aims to continue its growth trajectory in a rapidly evolving industry.

For more information about Vehicle Management Solutions LLC and their end-to-end vehicle management solutions, please visit their official website at www.vmsolutions.com.

To learn more about Integrity Parking Management and their light-duty PPI capabilities, please visit their official website at www.integrityparkingmanagement.com.

For more information about Mill Point Capital LLC and its private equity investments, please visit their official website at www.millpoint.com.

In conclusion, Vehicle Management Solutions' acquisition of Integrity Parking Management marks an exciting development in the vehicle management industry. This strategic move will allow VMS to capitalize on new revenue streams, expand its geographic reach, and further strengthen its position as a leading provider of comprehensive vehicle management solutions.