Recently formed Boxwheel Trailer Leasing announced it has received a significant capital investment from Crosstimbers Capital Group.
The exact amount was not specified.
The new capital will enable Boxwheel to build an optimized fleet of dry vans, flatbeds and refrigerated trailer units to better serve its customers seeking longhaul, cartage and storage solutions, according to the Denver-based company.
“We founded Boxwheel on the premise of making trailer leasing simple and affordable. We are bringing trailer leasing back to the basics,” Boxwheel co-founder Mike Di Paolo said in a statement.
Crosstimbers Capital Group is a Houston-based private equity firm.