Pegasus Recovery Solutions

What Pegasus Recovery Solutions does

Pegasus Recovery Solutions is a Texas-based collateral recovery and repossession firm founded in 1984, operating as a division of WTAR Inc. The company provides vehicle repossession, heavy equipment recovery, and ancillary services (locksmith, secure transport, personal property handling, skip tracing) for financial institution creditors, primarily banks, credit unions, and lien holders, across West, Central, and North Texas. Headquartered in Balch Springs with seven operational locations covering 75+ zip codes and 130+ employees, Pegasus has completed 80,000+ repossessions across its 40-year operating history.

The operating stack is anchored by License Plate Recognition (LPR) computer vision technology, with over 150 million plates scanned annually, combined with skip tracing tools and mandatory body cameras on all field agents. Pegasus holds ARA membership, AFA membership backed by a $1,000,000 Client Protection Bond, and RSIG certification covering Texas-specific repossession law. An in-house locksmith team, internal logistics/transport capability, and remarketing services provide end-to-end vertical integration of the recovery workflow.

The business model is transaction-fee based, with revenue generated per recovery plus ancillary fees for transport, locksmith services, and personal property handling. Pricing is not publicly disclosed and varies by lien holder. Go-to-market is direct sales to financial institutions via phone, email, and a ClearData.io online scheduling system, supplemented by an affiliate network extending effective coverage into South Texas (Austin, San Antonio, Houston). The company reports no external funding, operates privately under WTAR Inc., and has grown organically through word-of-mouth referrals.

Name

Pegasus Recovery Solutions

Legal name

Pegasus Recovery Solutions

Website

https://pegasus-texas.com

Company type

Private

Founded year

1984

Operating status

Operating

Headcount range

1–10 employees

Short description

Pegasus Recovery Solutions is a Texas-based repossession and asset recovery firm founded in 1984, serving banks, credit unions, and lien holders across 75+ zip codes through seven locations using LPR technology and in-house transport and locksmith capabilities.

Ownership category

akta.pro rank

Product category

Repossession and Asset Recovery Services

NAICS

Repossession Services (561491), Motor Vehicle Towing (488410)

SIC

Services-Automotive Repair, Services & Parking (7500)

akta.pro primary industry

Debt Recovery & Asset Recovery (Repossession Coordination, Collateral Recovery) (BPAAAEAE)

akta.pro secondary industry

Towing, Recovery & Vehicle Removal Services (TLAJAJAC)

Keywords

• Vehicle repossession services
• Asset recovery services
• Collateral recovery
• Skip tracing services
• Auto repossession

Headquarters

HQ city

Dallas

HQ country

United States

HQ region

North America

Offices11 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Supply Chain

Revenue model

1. Repossession Services: Core revenue stream from vehicle and asset repossession services including cars, motorcycles, RVs, trailers, ATVs, and heavy equipment recovery for creditors including banks, credit unions, and financial institutions.
2. Secure Vehicle Transport: Fees for internal logistics team providing safe and secure vehicle transport and relocation services as part of the end-to-end recovery process.
3. Locksmith Services: Onsite locksmith services at every location generating revenue as part of the recovery service offering.
4. Skip Tracing and LPR Services: Advanced license plate recognition and skip tracing services for asset location, charged as part of the recovery service fees.
5. Personal Property Handling: Professional handling and return of personal property from repossessed vehicles, generating fees for debtor service appointments.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Pegasus Recovery Solutions provides vehicle and asset repossession services for financial institutions, including banks, credit unions, lien holders, and lenders across West, Central, and North Texas. The company recovers cars, motorcycles, RVs, trailers, ATVs, and heavy equipment, supported by License Plate Recognition (LPR) technology, skip tracing, in-house transport, locksmith, and personal property handling capabilities. Founded in 1984 and operating as a division of WTAR Inc., the company delivers compliant, end-to-end collateral recovery services through seven operational locations.

Product overview

Pegasus Recovery Solutions offers a unified, technology-driven repossession and asset recovery service platform serving West, Central, and North Texas. The core offering centers on Vehicle Repossession services supported by Heavy Equipment Recovery capabilities. Skip Tracing & LPR (License Plate Recognition) technology serves as a key differentiator, combined with in-house Secure Vehicle Transport, Locksmith Services, and Personal Property Handling. Debtor Communication services and a Debtor Resources Portal provide post-recovery support. All services are delivered through seven operational locations with body camera transparency and compliance-focused operations.

Differentiator

Problem solved

Functional benefit

Products and services

• Vehicle Repossession

Quantifiable outcome

• 80,000+ successful repossessions completed
• +4 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability3 records

Feature4 records

Partnerships

Four partnerships are on record, tiered core and minor.

• American Recovery Association (ARA)coreOthersIndustry association membership providing access to professional standards, networking, and industry best practices for repossession professionals. ARA is the largest professional association for collateral recovery specialists.
• Allied Finance Adjusters (AFA)coreOthersMembership includes $1,000,000 Client Protection Bond and requires passing AFA's rigorous on-site business inspection. Provides third-party credentialing and client protection for financial institutions.
• RSIG (Recovery Solutions Insurance Group)coreOthersCertification program covering Texas-specific repossession laws and practices. All Pegasus recovery agents receive RSIG certification ensuring compliance with state regulations.
• South Texas Affiliate NetworkminorChannel Partner/ Reseller/ DistributorExtensive affiliate network covering South Texas (Austin, San Antonio, Houston) areas where Pegasus does not directly service. The network connects clients with trusted, compliant partners for repossession services.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• IAA (Insurance Auto Auctions / RB Global): Major vehicle auction platform specializing in salvage and total-loss vehicles, frequently the remarketing endpoint for repossessed collateral from lenders — overlapping with Pegasus on the recovery-to-sale value chain.
• Copart: Global online vehicle auction leader that handles repossessed, salvage, and titled vehicles from lenders and fleets. Comparable because repossessed assets flow through Copart's auction network as the downstream remarketing channel.
• Allied Solutions: Provider of recovery, skip tracing, and collateral management services to banks, credit unions, and lenders across the U.S., often partnering with regional repossession agencies like Pegasus.
• ACV Auctions: Online wholesale auto auction platform used by dealers and finance companies to remarket vehicles, including recovered collateral. Comparable as a downstream auction alternative in the same lender ecosystem.
• Manheim (Cox Automotive): World's largest wholesale auto auction company; while broader than repossession, it is the dominant remarketing destination for finance companies and fleet vehicles, putting it adjacent to Pegasus' recovery-to-sale flow.

Direct peers

• AutoReturn: Provides towing, impound, and vehicle recovery/asset management services to financial institutions, municipalities, and fleets — directly comparable logistics and recovery operations with Pegasus.
• Primeritus Financial Services: One of the largest U.S. asset recovery and remarketing companies providing vehicle repossession, skip tracing, and recovery management services to financial institutions — directly comparable in core offering to Pegasus Recovery Solutions.

Emerging players

• Wheelzy (Holman Automotive): Instant-offer vehicle purchasing service that competes indirectly with repossession by enabling lenders/owners to liquidate vehicles online; pulls some volume out of traditional recovery agency flows.
• Reovirtus: Repossession management and field-services software/provider for lenders and recovery agents; an adjacent peer that increasingly competes for the same financial institution clients via tech-enabled recovery services.

Others

• Reliable Carriers: Largest U.S. transporter of high-value automobiles including repossessed and auction vehicles; complements Pegasus' in-house transport capability as an overflow provider for the same lender ecosystem.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/WTARTX
• LinkedInlinkedin.com/company/west-texas-auto-recovery

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pegasus Recovery Solutions