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United Road Services, Inc. Announces Acquisitions

7 July 1998

United Road Services, Inc. Announces Large Block of Acquisitions

    ALBANY, N.Y., July 7 -- United Road Services, Inc.
announced today it has acquired, or completed definitive
agreements to acquire, seven towing and five transport companies with
aggregate 1997 revenues of approximately $57 million.
    Since completion of its initial public offering in May, the Company has
extended its network of motor vehicle, equipment towing, and transport
services to every region of the country.  The new states to join the network
are Alabama, Colorado, Illinois, Tennessee, Utah and Washington.  The
transport companies being acquired are:  Alert Auto Transport, Inc. (Alabama);
5-L Corporation, Schroeder Auto Services, Inc. (Colorado); Neil's Auto
Transport (Utah); and Car Transporters Corporation (Washington).  The towing
companies being acquired are:  All-Valley Impound, D&M Auto Towing, Fast
Towing, Inc. (Arizona); Bill & Wags Towing (California); North Shore Towing,
Inc. (Illinois); Rouse's Body Shop, Inc. (Washington); and West Nashville
Wrecker Service, Inc. (Tennessee).
    United Road Services also offers vehicle and road services in the states
of Connecticut, Michigan, New Jersey and Nevada.  The Company now has
27 service facilities located in 12 states.
    Edward T. Sheehan, Chairman and Chief Executive Officer of United Road
Services, Inc., said, "We have significantly exceeded our acquisition target
for the first quarter since going public.  We're also pleased with the
progress we have achieved in successfully integrating our founding companies
into a national service delivery network, while maintaining our focus on
customer satisfaction.  United Road Services has now achieved a revenue run
rate in excess of $100 million, and has letters of intent to acquire
55 additional companies, with aggregate trailing 12 month revenues of
approximately $134 million."
    Formed in July 1997, United Road Services, Inc., is a major provider of
vehicle and equipment towing and transport services in the United States.  The
Company's broad range of services includes towing, impounding and storing
motor vehicles, conducting lien sales and auctions of abandoned vehicles, and
transporting new and used vehicles and heavy construction equipment.  The
Company's customer base includes national automobile leasing and insurance
companies, automobile dealers, governmental agencies, automobile auction
companies and individual motorists.