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M&A Deal Summary

Mill Point Capital and NMP Capital Acquire Vehicle Management Solutions

On July 26, 2022, private equity firm Mill Point Capital and mezzanine finance firm NMP Capital acquired business services company Vehicle Management Solutions

Acquisition Highlights
  • This is Mill Point Capital’s 3rd and NMP Capital’s 6th transaction in the Business Services sector.
  • This is Mill Point Capital’s 16th and NMP Capital’s 85th transaction in the United States.
  • This is Mill Point Capital’s 2nd and NMP Capital’s 7th transaction in Illinois.

M&A Deal Summary
Date 2022-07-26
Target Vehicle Management Solutions
Sector Business Services
Buyer(s) Mill Point Capital
NMP Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Vehicle Management Solutions

Tinley Park, Illinois, United States
Vehicle Management Solutions (VMS) is a provider of end-to-end vehicle management solutions including dispatch, vehicle storage and traffic incident management. The Company’s mission is to keep streets, roads and highways moving more safely and effectively. With a nationwide presence in 16 cities across 12 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. Vehicle Management Solutions was founded in 2005 and is based in Tinley Park, Illinois.

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Buyer(S) 2

Buyer

Mill Point Capital

Category Private Equity Firm
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Mill Point Capital is a private equity firm focused on buyouts of established middle-market companies with strong track records. The Firm will consider opportunities throughout North American and generally looks to invest $15 to $80 million in companies valued up to $250 million. Sectors of interest include industrial and business services. Mill Point Capital is based in New York City.

DEAL STATS #
Overall 17 of 28
Sector: Business Services M&A 3 of 5
Type: Buyout (LBO, MBO, MBI) M&A Deals 7 of 9
State: Illinois M&A 2 of 2
Country: United States M&A 16 of 27
Year: 2022 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-23 KKSP Precision Machining

Glendale Heights, Illinois, United States

KKSP Precision Machining is a contract manufacturer of high-volume, medium-tolerance, precision-machined metal components for a variety of applications. K&K specializes in brass components and is the largest Davenport screw machine operator in the United States. KKSP Precision Machining was founded in 1968 and is based in Glendale Heights, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-03 CrashPlan

Minneapolis, Minnesota, United States

CrashPlan provides peace of mind through secure, scalable, and straightforward endpoint data backup. The company help organizations recover from any worst-case scenario, whether it is a disaster, simple human error, a stolen laptop, ransomware, or an as-of-yet undiscovered calamity. CrashPlan continues to innovate as the work landscape evolves, making CrashPlan foundational to organizations’ data security. What starts as endpoint backup and recovery becomes a solution for ransomware recovery, breaches, migrations, and legal holds. Its data security solution is a product of Code42, an industry leader protecting the critical data of more than 50,000 world-class organizations, including the largest global brands. CrashPlan was founded in 2001 and is headquartered in Minneapolis, Minnesota.

Buy -
Buyer

NMP Capital

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

NMP Capital is an independent investment firm focused on providing junior capital to a variety of lower middle-market companies in partnership with financial sponsors. NMP looks to commit $20 to $75 million in profitable companies with at least $10 million of EBITDA. NMP will consider opportunities in a wide range of industries including distribution, manufacturing, healthcare, and consumer. NMP Capital was formed in 2000 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 88 of 89
Sector: Business Services M&A 6 of 6
Type: Buyout (LBO, MBO, MBI) M&A Deals 22 of 22
State: Illinois M&A 7 of 7
Country: United States M&A 85 of 86
Year: 2022 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-22 United Poly Systems

Springfield, Missouri, United States

United Poly Systems is a manufacturer of made-to-order high-density polyethylene (“HDPE”) pipe for a variety of infrastructure applications. The company product offering is commonly used in the Telecommunications, Power Utility, Electrical, CATV, Sewer, Potable Water, and Oil/Gas collection industries. United Poly Systems was founded in 2011 and is based in Springfield, Missouri.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-16 L2 Brands

Hanover, Pennsylvania, United States

L2 Brands is a manufacturer and supplier of branded collegiate-licensed apparel. L2 Brands provides a full apparel offering including high-quality t-shirts, fleece, and bottoms, as well as adjacent product categories such as spirit blankets and pillows. L2 Brands was founded in 1991 and is based in Hanover, Pennsylvania.

Buy -
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