United Road Towing, Inc.

Client Profile
United Road Towing, Inc. (“URT” or the “Company”) is the largest national provider of comprehensive vehicle management solutions. The Company is a leader in towing, recovery, impound and vehicle management solutions in both the private and public sectors. Headquartered outside of Chicago, Illinois with operations throughout ten major markets in eight states, URT operates the largest platform in the localized and highly fragmented towing and recovery services industry. Among the Company’s diverse service offerings are towing / recovery, vehicle storage, shop / road service, freeway service patrol and disaster response.
Formed in 2005 following its divestment from United Road Services, Inc., URT grew rapidly, opened new operations and made multiple acquisitions. The Great Recession negatively impacted URT’s customers across all segments, leading to budget shrinkage and decreasing the volume of tow service and vehicles available for storage / auction. In response, URT rationalized underperforming locations and focused on profitable operations, however the Company faced liquidity constraints which limited further expansion. A lack of capital and unresolved litigation prompted the Company to file for Chapter 11 protection in February 2017 to preserve the value of its business.
SSG was retained as URT’s exclusive investment banker to explore strategic alternatives, including a sale of some or all of the business. The sale process attracted significant interest and resulted in a competitive auction process, in which Medley Capital Corporation’s going-concern offer was deemed the highest and best price for substantially all of the Company’s assets. SSG’s ability to solicit offers in a fast-tracked process and its experience with Section 363 sale processes enabled the Company to maximize value for stakeholders while preserving jobs.

(610) 940-1094Email
New York
(212) 786-7432Email