Vehicle Management Solutions Partners with TEGSCO LLC, Expanding Reach and Services
Gracie Gottlieb | 3 October, 2023
Vehicle Management Solutions LLC (VMS), a leading provider of end-to-end vehicle management solutions, has announced its partnership with TEGSCO LLC (TEGSCO), a full-service auto pound management provider. This strategic alliance will enable VMS to expand its reach and services, solidifying its position as a leader in vehicle storage management across the country.
The partnership brings together TEGSCO's expertise and use of world-class technology solutions with VMS's extensive resources and nationwide reach. By combining their strengths, the two companies aim to deliver enhanced outsourced solutions that optimize operations and tackle vehicle-related challenges for municipalities, departments of transportation, and police departments throughout the nation.
Kevin Corcoran, CEO of VMS, expressed excitement about the partnership, stating, "This partnership is a testament to our commitment to growing our vehicle storage segment and providing top-tier services to our customers." Chris Hearing, Partner, Operations of Mill Point, the parent company of VMS, also expressed enthusiasm for the collaboration, recognizing TEGSCO's outstanding track record in the industry.
Under the leadership of John Wicker, Chairman of the TEGSCO Board of Directors, TEGSCO has successfully optimized two of the largest auto pound operations in the nation. Wicker sees the partnership with VMS as a tremendous opportunity to expand their geographic reach and leverage their seasoned management team, processes, and controls. He emphasized the shared values of excellence, innovation, and commitment to customers, making the partnership a natural fit.
VMS, headquartered in Mokena, IL, provides a wide range of vehicle management solutions, including dispatch, vehicle storage, and traffic incident management. With a presence in 12 states, VMS focuses on building long-term relationships with various clients to serve their communities effectively.
TEGSCO LLC specializes in vehicle towing and storage management solutions for the cities of San Francisco and Indianapolis. With a strong reputation for utilizing technology to modernize municipal auto pound logistics, TEGSCO delivers superior service to its clients.
Mill Point Capital LLC, the parent company of VMS, is a private equity firm focused on control investments in lower-middle market companies in North America. Their experienced team of investors and Executive Partners seek to enhance portfolio companies' value through strategic initiatives and operational improvements.
The partnership between VMS and TEGSCO highlights the commitment of both companies to provide innovative solutions and exceptional service to their clients. With their combined expertise and resources, they are well-positioned to meet the evolving needs of municipalities and other organizations in the vehicle storage management industry.
For more information about Vehicle Management Solutions LLC, please visit www.vmsolutions.com.
For more information about TEGSCO LLC, please visit www.tegsco.com.
For more information about Mill Point Capital LLC, please visit www.millpoint.com.
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