FoxPoint Trucks, LLC Announces Cory Dorzek as President to Drive Strategic Initiatives and Scale Business Financing Capabilities
Kansas City, June 8, 2022 – FoxPoint Trucks, LLC, a leading technology-enabled logistics platform, announces the hire of Cory Dorzek as President to drive strategic initiatives including joint ventures, acquisitions and new revenue sources. Cory joined the company in April 2022 and will also lead efforts to scale the financing capabilities of the company.
“A unique differentiator of our company is that we are led by proven business executives with tangible leadership experiences in the industry,” said Jeff Dema, Chief Executive Officer at FoxPoint Trucks. “We are thrilled to have Cory in this role and know his strong business and financial skills will enable him to collaborate on business development, strategy refinement, and execution to create sustainable value.”
Prior to FoxPoint Trucks, Cory served as Chief Commercial Officer and Chief Financial Officer for Premier Trailer Leasing, a national trailer rental and leasing company. He also has more than 15 years of investment banking industry experience from his roles with Wall Street firms including Wells Fargo Securities, Oppenheimer & Co. Inc., and Bear Stearns & Co. Inc.
“It is an honor for me to join one of the fastest growing tech-enabled Class 8 truck leasing and asset management platforms in the country,” said Cory Dorzek, President at FoxPoint Trucks. “The company’s strategic expansion paired with its proven approach and technology make it a transformational time to help lead the organization. I look forward to leveraging my proven expertise in executing corporate commercial strategy, driving business development, and leading financing capabilities to deliver on short and long-term goals.”
With relentless focus and accountability on key operational metrics, the company has thrived and achieved or exceeded financial goals. FoxPoint has doubled in size and significantly enhanced portfolio performance resulting in a successful capital raise of $85 million in 2021 to fund the company’s next phase of expansion. Its proven tech-enabled systems and proprietary processes are the key to transforming the future of transportation.
About FoxPoint Trucks, LLC
FoxPoint Trucks, LLC, founded in 2013 and based near Kansas City, Mo., is a leading technology-enabled, specialty finance company that leases Class 8 trucks. The company specializes in truck acquisitions, lease originations, and robust post-origination support and is one of the fastest growing tech-enabled Class 8 truck leasing and asset management platforms in the country.
Proudly Featured in Kansas City Business Journal!
FoxPoint Trucks, LLC Raises $85 Million of Capital from Gordon Brothers to Fuel Company’s Rapid Growth
Kansas City, September 22, 2021 – Gordon Brothers, the global advisory, restructuring and investment firm, announces that FoxPoint Trucks, LLC, doing business as OTR Leasing, has raised $85 million of capital to support the company’s continued growth. FoxPoint Trucks is a leading technology-enabled, specialty finance truck leasing company that will use the funds to refinance existing debt and support the continued expansion of their truck fleet. The company’s unique business model has the ability to manage large portfolios of trucking assets throughout their life cycle while driving superior returns.
“This capital infusion from Gordon Brothers allows us to better provide the opportunity for professional drivers and owner-operators to start or grow their own businesses. This funding will continue to fuel our company’s rapid growth and bring our proven approach and technology to more customers,” said Jeff Dema, Chief Executive Officer at FoxPoint Trucks. “We are thrilled to partner with Gordon Brothers during this transformational time for our company.”
“FoxPoint Trucks is one of the largest and fastest growing tech-enabled Class 8 truck leasing and asset management platforms in the country,” said Kyle C. Shonak, Managing Director at Gordon Brothers. “Gordon Brothers is proud to provide capital to support their cutting-edge innovation and rapid growth within the transportation market and international trade.”
FoxPoint Trucks has experienced consistently high growth based on its ability to capitalize on consumer demand while simultaneously decreasing lease defaults. Through its proprietary technology platform, FoxPoint Trucks’ full-service leasing portfolio is highly efficient and scalable. In the past 18 months, the company has doubled the size of its portfolio.
Gordon Brothers leverages its expertise and financial resources to provide transitional capital that helps clients minimize risk and maximize opportunity at all points in the business cycle. The firm works closely with companies, their investors, lenders and advisors to structure customized financing packages to support clients through times of operational transformation.
“Our customers’ acceptance of our approach and our technology has separated us from our competitors. This funding will allow us to continue to embrace and support the entrepreneurial spirit of the American dream and allow us to better provide the opportunity for owner-operators to succeed in their own businesses,” said Dema.
About FoxPoint Trucks, LLC
FoxPoint Trucks, LLC, founded in 2013 and based near Kansas City, Mo., is a leading technology-enabled, specialty finance company that leases Class 8 trucks. The company specializes in truck acquisitions, lease originations, and robust post-origination support and is one of the fastest growing tech-enabled Class 8 truck leasing and asset management platforms in the country. For more information, visit www.foxpointtrucks.com.
About Gordon Brothers
Since 1903, Gordon Brothers (www.gordonbrothers.com) has helped lenders, operating executives, advisors and investors move forward through change. The firm brings a powerful combination of expertise and capital to clients, developing customized solutions on an integrated or standalone basis across four services areas: valuations, dispositions, operations and investments. Whether to fuel growth or facilitate strategic consolidation, Gordon Brothers partners with companies in the retail, commercial and industrial sectors to put assets to their highest and best use. Gordon Brothers conducts more than $70 billion worth of dispositions and appraisals annually. Gordon Brothers is headquartered in Boston, with over 30 offices across five continents.