Vehicle Management Solutions Strengthens Presence in Texas and Enters Georgia Markets
Source: Vehicle Management Solutions LLC press release
The acquisition fortifies VMS’ position in vehicle management services in Texas and marks its entry into the Georgia market.
The combination with VMS’ current portfolio will further enhance the company’s support of police impounds in two of the largest and fastest growing southern U.S. states.
“We are thrilled to welcome Grant Street Companies into the Vehicle Management Solutions family,” said Kevin Corcoran, Chief Executive Officer of VMS. “This acquisition demonstrates our continued success executing our growth strategy of diversifying our operations and geographic footprint. By combining our expertise and resources with Grant Street, we are poised to deliver unparalleled service and support to our customers.”
“The Grant Street Companies acquisition is a testament to the success we have had executing highly strategic transactions to accelerate our value creation plan at VMS. Grant Street Companies represents our fourth add-on acquisition since our original investment in July 2022. Kevin, Ann Chiang and the rest of the team have done a phenomenal job sourcing, executing and integrating all acquisitions to date,” commented Sebastian Bustamante, Vice President at Mill Point.
“We firmly believe Vehicle Management Solutions is the right partner for Grant Street Companies,” added Trevor Forbes, Chief Executive Officer of Summit Vehicle Solutions. “With a shared commitment to excellence, we are confident that VMS will continue to build on the foundations we have laid and maximize the full potential of the business.”