![]() CLA (CliftonLarsonAllen LLP) is not an agent of any other member of CLA Global Limited, cannot obligate any other member firm, and is liable only for its own acts or omissions and not those of any other member firm. CLA Global Limited does not practice accountancy or provide any services to clients. Each CLA Global network firm is a member of CLA Global Limited, a UK private company limited by guarantee. If you have questions regarding individual license information, please contact Elizabeth Spencer.ĬLA (CliftonLarsonAllen LLP), an independent legal entity, is a network member of CLA Global, an international organization of independent accounting and advisory firms. The North Carolina certificate number is 26858. The Minnesota certificate number is 00963. TRP seeks to support existing management teams in their growth strategy, as well as capitalize on its industry expertise, strategic relationships and commercial synergies.CliftonLarsonAllen is a Minnesota LLP, with more than 120 locations across the United States. Waterfall had approximately $7.7 billion in assets under management, as of November 30, 2018.īased in Michigan, TRP is a private equity fund that invests in growth-oriented businesses in the transportation sector. Waterfall is a leading private investment firm dedicated to investing in private equity, loan products and structured credit across multiple sectors of the specialty finance and financial technology industries. īased in New York, Waterfall Asset Management is an SEC-registered alternative asset manager. The company is headquartered in Salt Lake City, UT. Flex Fleet Rental offers pick-up trucks, flatbed trucks and vans on a month to month basis to provide its customers the flexibility to profitably manage the demands of their projects, including dependable job site delivery and pick up anywhere in the United States. Drinker Biddle served as legal counsel to TRP.įlex Fleet Rental is a leading truck rental company, offering light and medium duty trucks to commercial customers. Kramer Levin served as legal counsel to Waterfall. Sullivan & Worcester served as legal counsel and Houlihan Lokey served as financial advisor to Flex Fleet with respect to the transaction. We believe the business is well positioned with Waterfall and TRP to enter into its next chapter of growth." Since we invested in Flex Fleet in 2013, the team has grown the business into an industry-leading medium-term truck rental business with hundreds of satisfied customers. ![]() "Flex Fleet has an impressive history of growth and leadership in its market, and we are excited to partner with Mike, Brian and the entire Flex Fleet team." Steve Carrel, Managing Director of TRP, also commented, "We believe that Flex Fleet's client-first approach to service and the depth of its infrastructure will continue to differentiate the Company in the marketplace."Ĭraig Goldberg, Managing Partner at Synterra Capital Management LLC, commented, "It has been a privilege to work with Mike, Brian and the entire team at Flex Fleet. ![]() "We are very excited about the opportunity to support Flex Fleet's long-term growth strategy," said Gene Weil, a Managing Director of Waterfall. "We are excited to partner with Waterfall and TRP, which share our vision of providing first-class service to our customers, and that will support our ongoing investment in tools and technology to continually augment our capabilities." "Since 2013 we have invested in our team and processes to build a national rental fleet of light and medium-duty trucks, and we are proud of the growth in the business and the customer relationships we have earned through exceptional service and dependability," said Michael Kraupp. The transaction will position Flex Fleet Rental to augment its customer reach, technology enablement and national fleet.įlex Fleet Rental's existing management team will continue to lead the company's operations, led by CEO Michael Kraupp and Vice President Brian Goldhardt. TRP Capital Partners ("TRP"), a transportation-focused private equity firm, is also making a strategic investment alongside Waterfall. 11, 2019 /PRNewswire/ - Flex Fleet Rental, a leading provider of medium-term truck rentals to commercial customers, announced that it has completed a strategic transaction with Waterfall Asset Management's private equity platform. ![]()
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