Guardian Fleet Services announced in 2023 a growth investment from CHIEF Capital and an acquisition-merger with Emerald Transportation of Pompano Beach, Florida and Sapp's Wrecker Service of Savannah, Georgia, with financing arranged by Backcast Partners, Morgan Stanley Private Credit, and Source Capital, according to Tow Times. The transaction marked one of the largest private-equity-backed expansions in the towing industry in 2023.
Operator takeaway
Private equity entering the rotation list market changes the bid math in every metro Guardian touches. If your market is on Guardian's expansion path, build your bid file before the next RFP.