United Road Towing: Who Owns It?

Who owns United Road towing?
Medley Capital Corp. Medley Capital Corp., a lender and current majority owner of United Road Towing Inc., has won a bankruptcy auction for the towing business with a top bid of $39.9 million.
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In the United States, United Road Towing is a well-known provider of towing services. With more than 200 facilities throughout thirty states, it is one of the biggest towing companies in the nation. The business offers several different services, such as towing, recovery, and vehicle transportation. United Road Towing has a reputation for providing high-quality services and for being trustworthy and competent.

The act of dragging or carrying a vehicle from one location to another is referred to in this context as a towing service. The vehicle may not be able to go on its own owing to a breakdown, an accident, or another factor. Towing services are often offered by professional businesses like United Road Towing, which are equipped and knowledgeable to handle various car kinds.

There are some standards you must fulfill if you want to start a towing business in Texas. The Texas Secretary of State’s office can help you get a business license, which is the first thing you need. Additionally, you must submit an application for a Texas Department of Licensing and Regulation (TDLR) towing operator’s license. Before being granted a license, the TDLR requires candidates to have a clear criminal history and pass a written test.

You need to have a current commercial driver’s license (CDL) in New York and pass both a written and practical test to obtain a towing endorsement. You can lawfully drive a tow truck after adding the endorsement to your CDL. Towing endorsements must be issued by the Department of Motor Vehicles (DMV) of New York State.

Tow truck drivers in Michigan do not require a CDL unless the vehicle has a gross vehicle weight rating (GVWR) of more than 26,000 pounds. To receive a tow truck endorsement, you must, however, have a current driver’s license and pass both a written and practical test.

United Road Towing is a privately held business, and no information regarding ownership is available to the general public. Nevertheless, the business has been around for more than 20 years and is regarded as a pioneer in the towing sector. It has a sizable truck fleet and hires thousands of individuals nationwide.

In summary, United Road Towing is a well-known towing business that offers a variety of services all throughout the United States. There are prerequisites for starting a towing business in Texas, obtaining a towing endorsement in New York, and operating a tow vehicle in Michigan. United Road Towing’s ownership is unknown, however it is highly renowned for its superior services and leadership in the sector.

FAQ
Do you need a CDL to drive a tow truck in Arizona?

Unless the vehicle being towed weights more than 26,000 pounds, a Commercial Driver’s License (CDL) is not required to operate a tow truck in Arizona. However, depending on the type of tow truck and the weight of the car being towed, you could require a special endorsement on your ordinary driver’s license. For precise regulations, it is advised to contact the Arizona Department of Transportation.