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Mill Point Capital acquires URT United Road Towing

Mill Point Capital (Mill Point) has acquired URT United Road Towing (VMS), a specialist in vehicle management solutions for both public- and private-sector clients.

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, employs an Executive Partner model and has extensive experience investing in business services companies focused on federal, state and municipal government clients. For the VMS platform, Paul Colangelo, an executive with an extensive track record serving local and state government clients, will serve as the Company’s Vice Chairman of the Board. Colangelo is currently the Chief Executive Officer of Avenu Insights & Analytics (Avenu), a Mill Point portfolio company and leading provider of integrated administrative software and revenue enhancement solutions for local and state government clients across the US and Canada. 

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.

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