Boxwheel Trailer Leasing earns investment partner

boxwheel Trailer LeasingRecently formed Boxwheel Trailer Leasing, LLC, has received a significant capital investment from Crosstimbers Capital Group, a private investment firm that partners with growing and scalable entrepreneur-owned companies, Boxwheel announced Thursday.

The new capital will enable Boxwheel to build an optimized fleet of dry vans, flat beds, and refrigerated trailer units to better serve its customers seeking long haul, cartage, and storage solutions, the company says.

Based in Denver Boxwheel was founded by former fleet trailer executives Mike Sindelar and Mike Di Paolo, industry veterans with a successful track record of procuring, operating, and commercializing large trailer fleets.

“We started Boxwheel because we wanted to offer our customers a premium experience,” says Sindelar.

Adds Di Paolo, “We founded Boxwheel on the premise of making trailer leasing simple and affordable. We are bringing trailer leasing back to the basics.”

Regarding this partnership, David Hollon, co-founder and managing partner of Crosstimbers Capital Group, says, “We are excited to partner with a set of Denver industry veterans to build a leading trailer leasing platform. We look forward to providing both financial and operational support to the Boxwheel team as they provide trailer equipment solutions to new and long-standing customer relationships.”

“Boxwheel is Crosstimbers’ second platform investment,” says Trevor Brock, co-founder and managing partner of Crosstimbers Capital Group. “It fits squarely within our strategy of providing growth equity to entrepreneur-owned companies and working alongside them to create value and scale.”

Learn how to move your used trucks faster
With unsold used inventory depreciating at a rate of more than 2% monthly, efficient inventory turnover is a must for dealers. Download this eBook to access proven strategies for selling used trucks faster.
Download
Used Truck Guide Cover