Freedom Truck Finance, a Dallas, TX-based provider of dealer-based financing for trucks and trailers, received a majority investment from SunTx Capital Partners.
The amount of the deal was not disclosed.
The invesment is designed to accelerate the company’s growth in the industry.
Founded by Blake Bozman, Scot Foith, Brad Reeves, David Leventhal and Mike Reeves, Freedom Truck Finance is a commercial specialty finance company for trucks and trailers in the underserved independent owner-operator market. Freedom is a secondary truck and trailer finance company, specializing in dealer-based financing of class 6, 7 and 8 trucks and trailers.
The company’s dealer network spans 38 states and includes corporate level agreements with two of the largest national dealership networks.