In The News

Service Truck Depot Receives Transformational Investment

March 5th 2024

FAIRFIELD, Texas--(BUSINESS WIRE)--Service Truck Depot, a leading provider of custom-built industrial service and mechanics trucks led by Danny Burnett and Stacy Dodd, is pleased to announce a transformative investment from Houston-based Rock Hill Capital and Salt Lake City-based Cynosure Group. This strategic partnership facilitates the buyout of previous partner Foundation Automotive and injects significant growth capital to drive Service Truck Depot into its next phase of growth.

“We are excited to partner with Rock Hill and Cynosure to continue our growth and further our product portfolio expansion to better serve our customers and reach new and growing end markets,” said Danny Burnett, co-founder of Service Truck Depot.

The investment marks a significant milestone in Service Truck Depot’s development, enabling the business to continue to build upon the company’s leading reputation in the industry for highly customized, high-quality work trucks along with the industry’s quickest lead times and outstanding customer service.

“We have exciting plans for Service Truck Depot and intend to take the same high-quality service experience our customers have come to expect and expand it into additional areas. Our customers have significant needs for equipment as they continue their own expansion plans and we are taking steps to meet their continued growth,” said Stacy Dodd.

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This document does not constitute advice or a recommendation or offer to sell or a solicitation to deal in any security or financial product. It is provided for information purposes only and on the understanding that the recipient has sufficient knowledge and experience to be able to understand and make their own evaluation of the proposals and services described herein, any risks associated therewith and any related legal, tax, accounting, or other material considerations. To the extent that the reader has any questions regarding the applicability of any specific issue discussed above to their specific portfolio or situation, prospective investors are encouraged to contact The Cynosure Group or consult with the professional advisor of their choosing.

No representations or warranties are made as to the accuracy or completeness of such information. Certain economic and market information contained herein has been obtained from published sources and/or prepared by third parties. While such sources are believed to be reliable, none of Cynosure or any of its affiliates, employees and representatives assume any responsibility for the accuracy of such information.

Neither the sender of this report nor the sender's third-party vendors and data providers makes any representations or warranties of any kind with respect to the subject matter herein, whether express or implied. The foregoing parties expressly disclaim any warranties of merchantability, fitness for a particular purpose, accuracy, completeness, or non-infringement with respect to the subject matter herein.

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The Cynosure Group, LLC is an SEC-registered investment adviser engaged in providing private investment advisory and wealth management services, as well as providing investment advice with regard to private equity and other alternative investments. Registration with the SEC does not imply a certain level of skill or training.  A detailed description of The Cynosure Group is available in its Form ADV Part 1, Part 2A firm brochure, and Form CRS, which may be found at www.adviserinfo.sec.gov. Cynosure Partners is a part of The Cynosure Group, LLC (herein collectively referred to as “Cynosure”).  This does not constitute advice or a recommendation or offer to sell or a solicitation to deal in any security or financial product. It is provided for information purposes only and on the understanding that the recipient has sufficient knowledge and experience to be able to understand and make their own evaluation of the proposals and services described herein, any risks associated therewith and any related legal, tax, accounting or other material considerations.  To the extent that the reader has any questions regarding the applicability of any specific issue discussed above to their specific portfolio or situation, prospective investors are encouraged to contact Cynosure or consult with the professional advisor of their choosing.