Houlihan Lokey Advises Grant Street Companies

Transaction: Grant Street Companies, LLC a subsidiary of Summit Vehicle Solutions has been acquired by Vehicle Management Solutions a portfolio company of Mill Point Capital. Sellside Advisor.

Houlihan Lokey is pleased to announce the sale of Grant Street Companies, LLC (Grant Street), a leading provider of vehicle towing, impound, and storage management solutions to law enforcement, municipality, and private party customers and a subsidiary of Summit Vehicle Solutions, to Vehicle Management Solutions (VMS), a portfolio company of Mill Point Capital (Mill Point). The transaction closed on March 26, 2024.

Grant Street provides vehicle towing and storage management solutions for police departments, government agencies, and private property customers in the Dallas-Fort Worth and greater Atlanta metropolitan areas. Grant Street brings a wealth of experience in auto impound solutions and strong relationships with municipal and private property partners. Grant Street operates Peak Auto Storage and Southwest Auto Tow in the Dallas-Fort Worth Metropolitan Area and A Tow Atlanta and A Tow Roswell in the greater Atlanta Metropolitan Area. Peak Auto Storage, Southwest Auto Tow, A Tow Atlanta, and A Tow Roswell have earned recognition for their exceptional service quality and customer satisfaction in each of their respective markets.

VMS is a leading provider of end-to-end vehicle management solutions, including dispatch, vehicle storage, and traffic incident management. VMS’s mission is to keep streets, roads, and highways moving safely and effectively. With a nationwide presence across 15 states, VMS focuses on building long-term relationships with states, municipalities, law enforcement agencies, insurance companies, logistics companies, and various other clients to serve their communities.

Mill Point is a private equity firm based in New York, New York, and focused on control investments in lower-middle-market companies in North America across the business services, industrials, and IT services sectors.

Houlihan Lokey served as a financial advisor to Grant Street and Summit Vehicle Solutions and assisted in marketing, structuring, and negotiating the transaction on behalf of the company. This transaction highlights Houlihan Lokey’s preeminent position and continued success advising clients with equipment-centric business models and represents the sixth completed transaction in the past 12 months for the firm’s Equipment-as-a-Service practice.