Redcap&Truss acted as exclusive financial advisor to Service Truck Depot (the “Company”) in structuring and Redcap&Truss acted as exclusive financial advisor to Service Truck Depot (the “Company”) in structuring and negotiating the Company’s sale to an investor group led by The Cynosure Group (“Cynosure”) and Rock Hill Capital (“Rock Hill”).
Over the last decade, Service Truck Depot has established itself as an industry-leading provider of unparalleled design, manufacturing, assembling, and servicing of custom-designed service and mechanics truck bed solutions for skilled field technicians across America’s key industries. This transaction represents a significant milestone for Service Truck Depot, coinciding with its 10th anniversary, and marking the beginning of an exciting new chapter for the company.
Redcap&Truss acted as a financial advisor to Service Truck Depot and facilitated a transaction by:
- Simultaneously representing the interests of the multiple shareholders of Service Truck Depot
- Analyzing Service Truck Depot’s financial statements, asset list and its service offering (both historical and future) and developing an initial estimate of value
- Creating a target list of suitors and drafting all marketing materials to be used with potential buyers
- Approaching targets and gauging their interest in continuing a dialogue with Service Truck Depot
- Quarterbacking all due diligence and documentation communications required between Service Truck Depot’s advisory team and the Cynosure & Rock Hill investor group
- Advising on the LOI (letter of intent) and Definitive Documentation (including share purchase and sale agreement) with the Cynosure & Rock Hill investor group
See the Full Press Release Here.
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