Vehicle Management Solutions LLC (“VMS”), a portfolio company of Mill Point Capital LLC (“Mill Point”), announced the acquisition of Integrity Parking Management (“Integrity” or the “Company”), a leading light-duty Private Property Impound (“PPI”) company based in Denton, Texas, serving the Dallas-Ft. Worth metropolitan area.
Integrity’s business model and geographic presence fit seamlessly with VMS’ Dallas operations and the Company will be able to leverage VMS’ storage and auction capabilities to generate additional revenue. Furthermore, VMS will utilize Integrity’s expansive PPI customer base and overall vehicle quality to optimize both volume and efficiency.
“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,” commented Kevin Corcoran, Chief Executive Officer of VMS.
Ann Chiang, Director of Corporate Development and M&A of VMS, added, “The Integrity acquisition will allow VMS to leverage additional resources to accelerate growth in a market with very favorable industry dynamics. We are excited for VMS to further strengthen one of its core mandates, executing on key pillars set forth in its Value Creation Plan.”
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