| IPO Company Profile |
| Current Quote | News | SEC Filings | Peer IPO Companies |
| United Road Services, Inc. |
| 8 Automation Lane, Albany, NY 12205 * (518) 446-0140 |
| The company was formed in July 1997 to become a leading national provider of motor vehicle and equipment towing and transport services. The company will acquire eight towing and transport service companies with combined net revenue of $46.5mm in 1997. |
| Manager | Tier | Phone |
| Donaldson, Lufkin & Jenrette Securities Corp. | Lead Manager | (212) 371-0641 |
| BancAmerica Robertson Stephens | Co-manager | (415) 989-8500 |
| CS First Boston | Co-manager | (212) 325-2000 |
| NASNTL: | URSI | Service: | SIC 7549 | |
| Type of Shares: | Common Shares | Filing Date: | 2/26/98 | |
| U.S. Shares: | 6,600,000 | Offer Date: | 4/30/98 | |
| Non-U.S. Shares: | 0 | Filing Range: | $11.00 - $13.00 | |
| Primary Shares: | 6,600,000 | Offer Price: | $13.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.91 | |
| Offering Amount: | $79,200,000 | Selling: | $0.55 | |
| Expenses: | $750,000 | Reallowance: | $0.10 | |
| Post-IPO Shares: | 11,076,101 | |||
| Employees: | 400 |
| Issuer's Law Firm: | Howard, Rice, Nemerovski, Canady, Robertson, Falk |
| Bank's Law Firm: | McDermott, Will & Emery |
| Auditor: | KPMG Peat Marwick |
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Audited Income | Balance Sheet | ||
| 12/31/97 | 12/31/97 | ||||
| Revenue: | $46.54 | Assets: | $76.02 | ||
| Net Income: | $2.74 | Curr Assets: | |||
| EPS: | $0.32 | Liabilities: | $48.95 | ||
| Prior EPS: | Curr Liab: | ||||
| Cash Flow/Oper: | Equity: | $27.06 | |||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Competition |
| The towing and transport service industry is highly fragmented and extremely competitive. Competition for the delivery of towing and transport services is based primarily on quality, service, timeliness, price and geographic proximity. The Company competes with certain large towing and transport service companies on a regional and local basis, some of which may have greater financial and marketing resources than the Company. The Company also competes with thousands of smaller local companies, which may have lower overhead cost structures than the Company and may, therefore, be able to provide their services at lower rates than the Company. The Company may also face competition for acquisition candidates from companies which are attempting, or may attempt in the future, to consolidate the towing and transport service industry. Some of the Company's current or future competitors may be better positioned than the Company to finance acquisitions, to pay higher prices for acquisition candidates pursued by the Company or to finance their internal operations. |
| Business Plan |
| The key elements of the company's operating strategy include: (I) Provide High Quality Service, (ii) Expand Scope of Services and Customer Base, (iii) Achieve Operating Efficiencies and (iv) Maintain Local Expertise. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to pay the cash portion of the purchase price for the Founding Companies and for general corporate purposes, including working capital and future acquisitions. |