SOURCE: United Road Towing

United Road Towing

May 18, 2011 12:02 ET

United Road Towing, Inc. Acquires Rapid Recovery, Inc.

Expands Service Presence to the Twin Cities of Minnesota

MOKENA, IL--(Marketwire - May 18, 2011) - United Road Towing, Inc. (URT), the leader in towing, recovery, impound management, vehicle disposal, and motorist assistance solutions for both the public and private sectors, acquired Rapid Recovery, Inc. (Rapid Recovery) of Minnesota on April 21st, 2011.

Rapid Recovery provides towing and impound services to municipalities, commercial customers as well as private property impound customers. Operating out of three facilities in Minneapolis and St. Paul, Rapid Recovery's presence blankets the Twin Cities. Rapid Recovery's management possesses over twenty five years of towing experience with a commitment to service excellence. Jared Gruett, a prior owner and current manager for Rapid Recovery, stated, "We are excited to partner with URT. Their national resources and technology allow us to improve our service offering and capitalize on new opportunities." Pete Olson, another prior owner and current manager, added, "We are excited about the growth opportunities this transaction presents to all our employees." Rapid Recovery has also established a robust abandoned vehicle auction in the last year.

Ryan Davids, Vice President of Business Development, commented, "Rapid Recovery expands URT's reach to another top 20 Metropolitan Statistical Area. Our proprietary resources combined with Rapid's strong management will allow us to capitalize on the many growth opportunities with the Twin Cities."

Jerry Corcoran, Chief Executive Officer and President of United Road Towing, added, "We are extremely impressed with Rapid Recovery's passionate, service-minded professionals and management team. They have grown the business significantly despite trying economic conditions. With them committed to URT, we are excited about the future possibilities in the market."

About United Road Towing
United Road Towing, Inc. is the leader in towing, recovery, and vehicle management solutions serving both the public and private sectors throughout the United States from Los Angeles to Boston. On an annual basis, URT dispatches approximately 500,000 tows as well as manages over 300,000 impounds and sells over 60,000 abandoned vehicles.

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