Posts by Editorial Staff

Urgently Secures Up to $75 Million in New Financing from Highbridge, Onex Credit and Whitebox Advisors

Urgently, a provider of digital roadside and mobility assistance services, announced on December 22, 2021, it has secured up to $75 million in debt financing from certain funds managed by Highbridge Capital Management, LLC (“Highbridge”), Onex Credit and Whitebox Advisors.  to help the company advance its mission in the roadside assistance market and to develop…

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Opti-Luxx Launches New Amber Products Line

Opti-Luxx, Inc. has announced a new line of amber warning light products for snow plows, utility vehicles, delivery fleets, agricultural equipment and all work truck applications. The new line includes beacons, light bars and warning lights and products have begun shipping to customers. “The new amber products lineup provides outstanding visibility and multiple lighting configurations…

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Happy Birthday Ernest Holmes, Sr.

Ernest Holmes, Sr., was born on January 17, 1883, and the reason to celebrate his birthday is because he was the inventor of the first tow truck. In 1916, his friend John Wiley needed help recovering his Ford Model T, which was off the road and upside down in a creek bed. Holmes eventually got…

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When Distress Turns Into Stress

I can always hear the exasperation in a customer’s voice when they call needing a truck towed. While having your personal truck down can ruin your day, if a truck used for business is down, that is distress that turns into stress. Not only are you looking at the downtime and the cost of towing…

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