Work Truck Solutions Gains Rubicon's Backing in Strategic Investment
Deal News | Mar 04, 2025 | Womens Growth Capital Fund
Work Truck Solutions, a software provider for the commercial vehicle industry, has announced a strategic majority investment from Rubicon Technology Partners, a private equity firm focused on software companies. The investment aims to help Work Truck Solutions scale its operations and strengthen its market position. Kathryn Schifferle, founder and Chief Vision Officer, and CEO Aaron Johnson highlighted the opportunities for growth and development that this partnership brings. They view Rubicon's involvement as a way to accelerate product initiatives and bolster relationships with key industry players like OEMs and dealerships. Ben Falloon, Principal at Rubicon, praised Work Truck Solutions for their leadership and innovation within the commercial vehicle market. Presidio Technology Partners acted as the exclusive financial advisor for the deal.
Sectors
- Software
- Automotive
- Private Equity
Geography
- United States – The companies involved, Work Truck Solutions and Rubicon Technology Partners, are based in the United States.
- California – Work Truck Solutions is headquartered in Chico, California.
- Colorado – Rubicon Technology Partners has its headquarters in Boulder, Colorado.
Industry
- Software – Work Truck Solutions is a software company providing solutions for the commercial vehicle industry.
- Automotive – The article discusses a company involved in the commercial vehicle market, which falls within the automotive sector.
- Private Equity – Rubicon Technology Partners is a private equity firm investing in this transaction.
Financials
- – The financial details regarding the size of the strategic majority investment by Rubicon were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Work Truck Solutions | Target | Company | A leading software provider for the commercial vehicle industry. |
| Rubicon Technology Partners | Investor | Company | A private equity firm focused on investing in software companies. |
| Presidio Technology Partners, LLC | Financial Advisor | Company | Served as the exclusive financial advisor to Work Truck Solutions. |