St. Cloud Capital Invests In AutoReturn, LLC

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Mar 29, 2019, 09:00 ET

LOS ANGELES, March 29, 2019 /PRNewswire/ -- 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/

For more information about St. Cloud Capital, please visit http://www.stcloudcapital.com

Contact: Brian Chow, [email protected]

SOURCE St. Cloud Capital