The Carlyle Group, a Washington-based alternative asset manager, today acquired United Road Services , a Romulus-based provider of vehicle transport and logistics throughout North America. Terms of the deal were not disclosed.
“The Carlyle Group’s global reach and expertise coupled with its reputation for helping companies thrive, makes it an exceptional investor partner for United Road,” says Kathleen McCann, chairman and CEO of United Road Services. “Our strengths are our dedicated team, great customers, geographic reach and our technology. We have a nationally integrated network of providers and a proprietary technology platform that together give us the flexibility to respond quickly to customers’ needs. We expect the Carlyle team will help us accelerate our disciplined growth and further enhance our ability to serve our customers.”
United Road Services was previously owned by Charlesbank Capital Partners LLC and its services include vehicle transport and logistics for manufacturers, retailers, finance and leasing companies, rental agencies, auctions, web-based logistics firms, and individuals.
McCann will continue to serve as CEO of United Road, Mark Anderson will continue as president and COO, and the remainder of the current management team will remain in place.
Since 2012, the company has diversified and expanded its customer base and market reach, enhanced its owned vehicle transport fleet, formed more strategic partnerships with owner operators and third party carriers, and increased national sales and customer service capacity.