Leste Group, a global alternative investment manager, has established a $330 million credit facility for Billor, a company committed to empowering truck drivers to achieve the American Dream through entrepreneurship. Under this facility, Leste will acquire truck leases from Billor until 2027. As the lead investor, Leste will also make an equity investment in Billor, followed by GHT4. The credit facility and the equity investment will enable Billor to expand its ecosystem to 5,000 trucks and pursue an IPO by 2028.
With new investments, Billor plans to enhance the technology in its transportation management platform and its platform for managing driver payment. It will also build out the technology underpinning the Billor CoPilot, an AI-driven app. Additionally, the investment will be used to open delivery centers across the country, where partner drivers can pick up their lease-to-own trucks. This month, Billor will open a delivery center in Houston; additional centers are planned for other states across the country in the coming months.
“By ‘democratizing’ trucking, Billor benefits not only the industry and the economy, but also the drivers themselves,” Fabricio Bossle, partner, private equity at Leste Group, said. “We look forward to playing a role in helping Billor build out its driver-centric model with an investment that makes a significant difference for the company going forward.”
“When I joined Billor last April, one of my mandates was to find and sign institutional investors to bring Billor to its next stage of growth,” Vincent Goetten, CEO of Billor, said. “Leste is the right partner to help us to that point — essentially providing the last piece of the plan to bring Billor to a public listing in the next few years.”
“It’s been exciting to watch Billor grow so quickly. In 2025, the company is set to achieve sixfold revenue growth, surpassing $200M while being profitable and generating cashflow, thanks to an innovative business model now in its third iteration,” Jardel Rocha, founder and chairman of Billor, said. “The first iteration of this model was implemented with Versi, a company focused on the real estate industry in Brazil, followed by CredPago, a company specializing in landlord insurance, which was successfully acquired by Loft. CredPago remains the largest real estate tech M&A transaction in Latin America to date. We anticipate even greater success with Billor, as we are scaling a business in a trillion-dollar industry that forms the backbone of the American economy.”
“Leste’s investment in Billor continues our private equity strategy of investing in companies with a high potential to IPO in the next two to three years U.S.,” Eduardo Karrer, partner, private equity at Leste Group, said. “As the founder of CredPago, which was recently sold for more than $600 million, as well as other successful Brazilian fintech businesses like Versi, the team at Billor is the perfect partner for Leste.”
“Partnering with Billor is deeply rewarding. Its innovative approach — integrating technology, logistics and financial inclusion — empowers drivers and strengthens the economy. At GHT4, we support ventures that create lasting value, and our collaboration with Billor reaffirms our commitment to driving progress, autonomy and social transformation,” Laércio Cosentino, founding partner of Grupo GHT4 and founder of TOTVS, said.
