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ACCESS HOLDINGS COMPLETES MAJORITY INVESTMENT IN RELIABLE TOWING

• Access enters towing and roadside services, an attractive, resilient, and underpenetrated market within transportation infrastructure

• Reliable Towing brings the scale, reputation, and operating foundation to build a leading regional platform

• Access will accelerate the next phase of growth, investing in technology, operations, and strategic acquisitions

BALTIMORE, MD. - August 5, 2026 - Access Holdings Management Company, LLC (“Access Holdings” or “Access”), a next-generation alternative asset manager providing investors with access to the lower-middle market, today announced a controlling investment in Reliable Towing Holdings Ltd. (“Reliable Towing”), a towing, recovery, and roadside services platform based in the Pacific Northwest.

The acquisition marks Access’ second investment in essential transportation services infrastructure, since the exit of American Student Transportation Partners to CVC DIF in 2025, CVC’s infrastructure division, and establishes Reliable Towing as the foundation of a platform Access plans to modernize, institutionalize, and scale.

Access identified towing as a fragmented, demand-resilient segment of transportation infrastructure that has been largely overlooked by institutional capital. The sector reaches customers in unplanned and often urgent situations, when a vehicle breaks down, a commercial fleet is immobilized mid-route, or a roadside emergency calls for an immediate response.

Reliable Towing brings more than 50 years of experience delivering fleet services, emergency recovery, towing, roadside assistance, and impound management to commercial fleets, municipalities, and the communities they serve, coordinated through a network of locally recognized operators. This structure allows the Company to coordinate coverage across regions and vehicle types while preserving the local reputation of each operator.

The towing industry remains highly fragmented, with demand supported by aging vehicle fleets, growing freight and delivery volumes, increasing vehicle complexity, and severe- weather events that drive the need for emergency response. Strong municipal relationships, specialized equipment, and the ability to respond safely and quickly create significant barriers to entry, positioning operators like Reliable Towing as essential infrastructure partners for the fleets, municipalities, and first responders that depend on them.

"Reliable is true to its namesake: It's built a strong municipal base and a reputation for excellence across operations and service to become a leader in the Pacific Northwest,” said Kevin McAllister, Founder & Managing Partner at Access Holdings. “We're thrilled to back this team and build upon 50 years of community support to turn Reliable into a regionally scaled, data-driven platform, delivering quality service from the first call."

Access partnered with Paul Parhar, Founder of Collaborative Capital Management, who has more than two decades of experience and previously invested in Reliable Towing. As its Independent Sponsor, Parhar helped establish Reliable Towing as a leading towing and fleet services operator in the Pacific Northwest.

“We built Reliable by bringing together local operators who are the best at what they do and trusted in the communities they serve,” said Paul Parhar, Chairman of Reliable Towing. “This next chapter is about investing in our operators, safety, equipment, processes, and leading technology so we can become the preferred service provider for municipalities and commercial fleets throughout the Pacific Northwest, without ever losing sight of the responsive, community-focused service that got us here.”

With Access’ support, Reliable Towing plans to expand its geographic footprint and service capabilities through organic growth, the continued addition of trusted local operators, as well as the development of data architecture that drives operational excellence using the latest in modern technology.

McGuireWoods LLP and McCarthy Tétrault provided counsel to Access on the transaction. Boughton Law Corporation and Hillis Clark Martin & Peterson P.S. provided counsel to Collaborative Capital on the transaction.

PRESS CONTACT

Maeve Couch
[email protected]
(347) 680-3601

About Access Holdings

Access Holdings is a next-generation alternative asset manager providing investors with access to the lower-middle market. Founded in 2013, Access Holdings has approximately $2.3 billion in assets under management. The firm implements its data-driven operating model -The Access Edge - to partner with lower-middle market businesses in industries essential to the customers they serve.

For more information, please visit https://accessholdings.com/.

About Reliable Towing Services Group

Reliable Towing is the largest and fastest-growing towing, recovery, and fleet services platform in the Pacific Northwest. Backed by more than 50 years of operating experience, Reliable provides 24/7 emergency response, towing, recovery, roadside assistance, fleet
services, and impound management to commercial fleets, municipalities, and the communities they serve. Built through long-term partnerships with trusted local operators, Reliable combines the responsiveness and accountability of local operations with the
scale, technology, safety standards, and operational excellence of a regional platform. For more information, please visit https://reliabletowinggroup.ca/.

Call 1-800-731-9789

Leadership & Team

Reliable Fleet Services is guided by a seasoned leadership team with decades of experience and a shared commitment to operational excellence. Their vision, stability, and hands-on approach drive Reliable’s growth and ensure we deliver trusted service to our customers and communities every day.

At Reliable Fleet Services, our people make the difference. With ARA- and WreckMaster-certified operators, skilled technicians, and dedicated support staff, we bring proven expertise to every job. United by a focus on safety, efficiency, and reliability, our team keeps fleets across the Pacific Northwest moving with confidence.

Richard Pistilli

President ¡

Richard joined Reliable Fleet Services in early 2025 as President to lead the company’s overall strategy, growth initiatives, and day-to-day operations. He has over 20 years of experience across capital markets, technology, and transportation sectors. Prior to joining Reliable, Richard founded and successfully exited two fintech startups via strategic acquisition, which included the sale of his first venture to the New York Stock Exchange. Earlier in his career, he held senior investment banking roles with Bank of America, CIBC World Markets, and Citi in New York and Montreal, focusing on the transportation, business services, and industrial verticals.
Richard holds an MBA from the Yale University and a BS in Economics and Business Management from Cornell University, graduating Magna Cum Laude.

Kevin Lee

VP, Operations ¡

Kevin joined Reliable Fleet Services in early 2025, bringing 25 years of leadership in operations, supply chain, and logistics. After beginning his transportation career at Clark Freightways, where he spent nearly a decade, Kevin has subsequently held senior roles across the transportation, consumer goods, and food and beverage industries. His experience includes serving as General Manager at Consolidated Fastfrate, National Head of Supply Chain at Molson Coors Canada, and VP Operations at VEGA, where he guided a major division through a strategic review and private equity sale
Kevin holds an MBA from Simon Fraser University’s Beedie School of Business (Summa Cum Laude) and a Bachelor of Science from the University of British Columbia, and previously played football for both the University of Washington Huskies and the UBC Thunderbirds.

Jay Kim

Senior Manager,
HR & Legal ¡

Jay joined Reliable Fleet Services in 2023 and leads the company’s HR and legal functions for nearly 250 employees. He oversees recruitment, staff development, policy and procedure updates, and complex human resources matters, while also playing an active role in acquisitions, integration, and contract review. Previously, Jay worked as an HR Advisor at WorkSafeBC and as an HR and Finance Specialist at the University of British Columbia. He also served as an HR Officer with the Republic of Korea Army.

Serving Western Canadian Communities with Experienced and Certified Towing Services for Over 50 Years

Reliable Fleet Services is Western Canada's largest and fastest-growing professional towing company. One call to us can take care of all your vehicle towing needs safely, efficiently, on time, and cost-effectively, regardless of where the breakdown or service is in Western Canada.

We have Western Canada’s largest heavy-to-light duty towing fleet (from 50-ton heavy wreckers to flat decks and more) that provide us with a wide range of flexibility when it comes to conducting towing, recovery, and transportation services. You can be confident that your vehicle will be safely recovered with the help of our highly skilled staff and reliable equipment.

With a growing number of locations throughout British Columbia and Alberta, we have the network, equipment and experience necessary to successfully serve Western Canada for another 50+ years to come.

Call 1-800-731-9789