Red Rover® Moving And Storage Receives $15 Million In Funding From Oppenheimer & Co.
Summary
This funding round will allow Red Rover to open a number of new markets, which includes leasing more warehouses, adding storage containers and trucks and hiring more employees to support its rapid growth. "Were thrilled to receive our first round of institutional capital to support the companys growth strategy and expansion plans. Oppenheimer is more than just an investor, they have extensive rental and leasing investment banking experience and recognized the opportunity weve created within the moving and storage industry," says Peter Warhurst, founder and CEO of Red Rover. "Oppenheimer is pleased to be partnering with Peter Warhurst and Red Rovers highly experienced management team of moving and storage industry veterans, who possess a demonstrated history of successfully founding and building exciting new growth companies and creating equity value," says Robert Lowenthal, President of Oppenheimer. Its patent-pending proprietary ramp design provides the ability for rear or side-loading, which is especially valuable in city settings where space is tight.