LOS ANGELES, CA (March 29, 2019) – St. Cloud Capital is pleased to announce an investment in San Francisco-based AutoReturn, LLC (“AutoReturn”), the nation’s leading towing management systems provider. The Company has successfully improved towing operations in over 18 municipalities. AutoReturn brings operational expertise, industry-leading technology solutions, and 24 x 365 service to its partners. AutoReturn utilizes an asset-light business model and has performed over 1.5 million tows in the Company’s history.
It is an investment out of St. Cloud’s third fund, which has committed capital of $250 million. St Cloud is excited to partner with AutoReturn again as it demonstrates the firm’s philosophy of building relationships with proven operators.
John Wicker, Chief Executive Officer and Founder of AutoReturn is excited to renew the relationship with St. Cloud. “St. Cloud has been a great partner for over a decade. Our growth rate has been increasing and St. Cloud’s additional capital allows us to continue to accelerate our growth without the dilution associated with an equity investment.”
“St. Cloud continues to believe in AutoReturn’s ability to deliver superior logistics support, administration, and customer service to the nation’s municipalities. The founding management team is intact, seasoned, and remains 100% focused,” stated Kacy Rozelle, a Managing Partner of St. Cloud Capital.
For more information about AutoReturn, please visit: https://www.autoreturn.com
About St. Cloud Capital
St. Cloud Capital is a Los Angeles, CA-based private investment firm that provides growth capital to the lower middle market (companies with annual revenues generally between $10 million and $150 million) throughout the United States. St. Cloud typically invests $5 million – $20 million in companies across a wide range of industries in every layer of the capital structure, including senior secured debt, subordinated debt, and preferred and common equity. St. Cloud’s investment discipline includes non-control and control investments, and involves partnering with strong management teams or experienced industry entrepreneurs. For more information about St. Cloud Capital, please visit https://www.stcloudcapital.com