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Supplier Scoop AutoReturn Partners with Nexa Equity  AutoReturn, a leading provider of towing and parking enforcement software, has received a majority growth investment by Nexa Equity LLC, a private equity firm. Investment will accelerate adoption of AutoReturn’s  technology in the U.S., further expand international presence and provide capital for M&A. Financial terms of the transaction were not disclosed but AutoReturn’s management team and founders will continue to be meaningful shareholders of the business. AutoReturn, based in 9 of the largest 20 U.S. cities, is a trusted partner to both public and private customers helping keep roadways clear by connecting law enforcement, parking enforcement, towers and vehicle owners on a single software platform. AutoReturn processes more than half a million tows annually and has a 90% win rate among customers when compared to similar solutions in RFP selection processes.  “The Nexa Equity team has a strong track record of scaling software companies, and we are excited to partner with them as we enter our next phase of growth,” said John Wicker, AutoReturn’s Founder. “AutoReturn’s vision is to make the towing and parking enforcement process easier for everyone involved. In partnership with the Nexa Equity team, AutoReturn will

54 • September 2021 | Towman.com

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American Towman Magazine - September 2021  

American Towman Magazine - September 2021  

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