About United Road
United Road is a company based in Romulus (United States) founded in 1998 was acquired by The Carlyle Group in September 2017.. United Road has completed 3 acquisitions, including Driveaway USA, Fleet Car Carriers and Team Drive-Away. United Road offers products and services including Open Transportation and Enclosed Transportation.
- Headquarter Romulus, United States
- Stage Public
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Phone
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Website
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Social
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- Legal Name United Road Services
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$50 M (USD), Debt – Conventional
Feb 18, 2014
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Investors
PNC
& 3 more
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Employee Count
Employee Count
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Investments & Acquisitions
Driveaway USA
& 2 more
- Acquired by
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Products & Services of United Road
United Road offers a comprehensive portfolio of products and services, including Open Transportation and Enclosed Transportation. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Largest vehicle hauling services across North America are provided for commercial needs
White glove services for classic and exotic vehicles are offered to ensure safe delivery
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Funding Insights of United Road
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $50.0M
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First Round
First Round
(18 Feb 2014)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2014 | Amount | Debt – Conventional - United Road | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in United Road
United Road has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include PNC, The Carlyle Group and The Gores Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private investments are made in mature businesses across multiple sectors.
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Founded Year | Domain | Location | |
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Private equity investments are directed toward multiple sectors.
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Founded Year | Domain | Location | |
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Private equity firm
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by United Road
United Road has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Driveaway USA, Fleet Car Carriers and Team Drive-Away. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Truck transportation company
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2006 | ||||
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Vehicles are transported nationwide by Fleet Car Carriers.
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1984 | ||||
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Freight forwarding services are provided for domestic and international shipments.
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1959 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - United Road
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
United Road Comparisons
Competitors of United Road
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on United Road
Frequently Asked Questions about United Road
When was United Road founded?
United Road was founded in 1998 and raised its 1st funding round 16 years after it was founded.
Where is United Road located?
United Road is headquartered in Romulus, United States. It is registered at Romulus, Michigan, United States.
Who is the current CEO of United Road?
Kathleen Mccann is the current CEO of United Road.
What does United Road do?
United Road was founded in 1998 in Romulus, United States, within the vehicle transportation and logistics sector. Open and enclosed transport options are offered for new, used, and specialty vehicles, along with direct-to-home delivery, storage, and custom logistics solutions. A proprietary technology platform is utilized for order tracking and load optimization. Services are extended to both individual and large-scale clients across various operations.
What products or services does United Road offer?
United Road offers Open Transportation and Enclosed Transportation.
How many acquisitions has United Road made?
United Road has made 3 acquisitions, including Driveaway USA, Fleet Car Carriers, and Team Drive-Away.
Who are United Road's investors?
United Road has 4 investors. Key investors include PNC, The Carlyle Group, The Gores Group, and Charlesbank Capital Partners.