TowTimes.com - Autura and Traxero Join Forces

[TowTimes]

 

Autura press release:

Autura, a leading provider of government towing management software and a portfolio company of Nexa Equity, and Traxero, a leader in private towing solutions backed by Radian Capital, announced today the merger of the two platforms. This combination advances the shared vision for a fully integrated towing software platform that optimizes every stage of the tow lifecycle.

 

Both Autura and Traxero are recognized leaders in their end-markets—Autura for public towing management, and Traxero for private sector solutions. The combined platform, which will serve over 3,000 customers and manage more than 50,000 daily tows nationwide, will streamline customer operations for both public and private towing operators while improving safety and efficiency for the entire ecosystem.

 

The newly merged platform offers everything from towing dispatch and impound lot management to embedded payments, lien notifications, vehicle auctions, and fleet tracking. By uniting the public and private towing ecosystems, the new platform will also save time and money for operators while enhancing communication with law enforcement and other stakeholders.

 

“We are thrilled to join forces with Traxero to deliver a unified solution that will reshape the towing industry,” said Ryan Davis, CEO of Autura. “By combining our strengths, we are better positioned to deliver groundbreaking solutions to both government agencies and private towing companies that will set a new standard for efficiency and customer service.”

 

Government agencies will see smoother workflows, thanks to cutting-edge features like automated lien notifications and embedded payments, while towing operators can expect faster operations and fewer bottlenecks. The elimination of redundant tasks and better communication with law enforcement will help ensure operators spend less time on paperwork and more time delivering high-quality service.

 

“By merging with Autura, we are creating a robust platform that addresses the needs of the entire towing ecosystem, from public agencies to private operators,” said Chris Landis, CEO of Traxero. “This merger expands our reach, accelerates product innovation, and positions us to deliver best-in-class towing management solutions, while continuing to provide exceptional service to our customers.”

 

Weil, Gotshal & Manges served as legal advisor to Autura and Nexa Equity. Goodwin Procter served as legal advisor to Traxero and Radian Capital.

 

View the full article and more on TowTimes.com

[1985Towman]

Overview of Mill Point Capital's Expansion in the Towing Industry. And Now Autura And Traxero Join Forces with Nexa Equity & Radian Capital firm with over $1 billion of assets. Know Who You Are Doing Business With!

 

Mill Point Capital, a private equity firm valued at $1.4 billion, is making significant strides in the towing business. This initiative began in December 2022 when Vehicle Management Solutions LLC (VMS), a portfolio company of Mill Point, formed a strategic partnership with IncidentClear LLC, a leading provider specializing in freeway service patrol (FSP) and incident management.

 

Key Developments:

December 29, 2022:

Announcement: VMS partners with IncidentClear, enhancing service offerings and expanding geographic reach.

 

October 2023:

Acquisition: VMS acquires TEGSCO LLC, also known as Auto Return, a full-service auto pound management provider based in San Francisco, CA, and Indianapolis, IN. This acquisition supports VMS's growth strategy and strengthens its position in vehicle storage management.

 

July 26, 2022:

Acquisition: Mill Point Capital acquires Vehicle Management Solutions.

 

March 28, 2023:

Rebranding: United Road Towing announces its rebranding to Vehicle Management Solutions.

 

June 30, 2024:

Acquisition: VMS acquires Integrity Parking Management, further enhancing its service portfolio.

 

March 28, 2024:

Expansion: VMS enters the Georgia and Texas markets through the acquisition of Grant Street Companies LLC, a subsidiary of Summit Solutions. This company operates Peek Auto Storage and Southwest Auto Tow in the Dallas-Fort Worth area, as well as A Tow Atlanta and A Tow Roswell in Atlanta, Georgia. As of this month, VMS also owns CityWide Wrecker in Atlanta.

 

October 5, 2024:

Acquisition: VMS expands its footprint in the Greater Chicago metro area with the acquisition of All Area W&W Towing, Inc. This company is recognized as a leading regional provider of municipal vehicle towing and recovery services.

Impact: This strategic acquisition enhances VMS’s service offerings and geographic presence, allowing it to operate in Harvey, Markham, Matteson, Sauk Village, and surrounding suburbs, thereby reinforcing its leadership in vehicle recovery, storage, and management solutions.

 

Know Who You Are Doing Business With

As Mill Point Capital increases its focus on the towing industry, particularly in partnerships with local police departments, it's crucial to remain vigilant and informed about these developments. Understanding the implications of their growing influence in the towing sector will be essential for all stakeholders involved.

[Wade200]

Traxero bought several towing software companies. Beacon, Tops, Tracker, Intow, etc. Auto Return. (Autura) is the company that approaches police agencies and convinces them to use their platform instead of a rotation. It turns a police tow into a motor club service. I don't know what the future holds for the towing software companies. I think the fear is the potential for them to get rate and customer data to use to grow Autura.