Leste Group Acquires Minority Stake in Billor
January 30, 2025
Leste Group has agreed to acquire a minority stake in Billor, a vertically integrated freight and fintech platform for U.S. truck drivers, and put in place a $335 million credit facility to accelerate the company's growth. The investment will fund fleet expansion (Billor aims to exceed 800 trucks by end of 2025) and enhance the firm's technology and fintech capabilities, including its AI-powered Billor CoPilot.
- Buyers
- Leste Group
- Targets
- Billor
- Industry
- Transportation
- Location
- Florida, United States
- Transaction Type
- Growth capital
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