DENVER, April 26, 2018 /PRNewswire/ -- Recently formed Boxwheel Trailer Leasing, LLC ("Boxwheel") announced today that it has received a significant capital investment from Crosstimbers Capital Group, a private investment firm that partners with growing and scalable entrepreneur-owned companies. 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.
Based in Denver, Colorado, 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," explains Mike Sindelar, Co-Founder.
Co-founder Mike Di Paolo adds, "We founded Boxwheel on the premise of making trailer leasing simple and affordable. We are bringing trailer leasing back to the basics."
David Hollon, Co-Founder and Managing Partner of Crosstimbers Capital Group, remarked, "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," said 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."
About Boxwheel Trailer Leasing
Founded in 2018, Boxwheel is a Denver, Colorado based company providing a fleet of dry vans, flat beds, and refrigerated units to lease to its customers seeking long haul, cartage, and storage solutions. For more information, visit www.boxwheel.com.
About Crosstimbers Capital Group
Crosstimbers Capital Group is a Houston, Texas based private equity firm specializing in making direct investments in compelling private equity and project finance opportunities. For more information, visit www.crosstimbers.com.