Service Truck Depot has secured a transformative investment from Rock Hill Capital and Cynosure Group, facilitating the buyout of Foundation Automotive and positioning the company for significant growth in the custom-built service truck market.
Information on the Target
Service Truck Depot, located in Fairfield, Texas, is a prominent provider of custom-built industrial service and mechanics trucks, co-founded by Danny Burnett and Stacy Dodd. The company specializes in delivering tailor-made, high-quality work trucks and accessories designed to meet the specific needs of various industries. With a commitment to innovation and exceptional customer service, Service Truck Depot has built a robust reputation for maintaining some of the industry's fastest lead times.
The recent strategic partnership with Rock Hill Capital and Cynosure Group marks a significant advancement in the company’s evolution. This investment facilitates the buyout of previous partner Foundation Automotive and infuses crucial growth capital, enabling Service Truck Depot to continue expanding its offerings and service capabilities to meet the rising demands of its customers.
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Industry Overview in the Target’s Specific Country
The market for custom-built service trucks in the United States has been experiencing steady growth, driven by increasing demand across industries such as construction, energy, and other service-oriented
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Rock Hill Capital, The Cynosure Group
invested in
Service Truck Depot
in 2024
in a Management Buyout / Buy-In (MBO) deal