Work Truck Solutions and Rubicon Technology Partners, a Colorado private equity firm, are working together, the companies announced Tuesday.
"I founded Work Truck Solutions to solve big challenges in the commercial vehicle industry by providing technology for dealers and their entire supply chain to better serve their business customers," says Kathryn Schifferle, founder and chief vision officer. "Due to the increasing focus on this critical ecosystem, we sought the right partner to help us further scale our solutions. We are very excited to have found Rubicon, who will provide experience, resources and additional enthusiasm to continue building on the foundation we've established."
[RELATED: Work Truck Solutions: 2024 set record in commercial vehicle sales]
Work Truck Solutions says Rubicon's investment in the company will further accelerate product initiatives and strengthen relationships with OEMs, upfitters and dealerships.
"From our first introduction to Kathryn, Aaron and the team, it quickly became clear why they are regarded as pacesetters in the commercial vehicle ecosystem," says Ben Falloon, principal at Rubicon. "The world's largest automotive manufacturers, upfitters and dealerships have entrusted their commercial vehicle business with Work Truck Solutions, which is a testament to both their unique value proposition in the market today, and also their forward-looking product vision. We couldn't be more excited to partner with the entire Work Truck Solutions team on this next phase of growth."
Rubicon invests in enterprise software companies and has more than $4 billion in assets under management.
