TRUNO, a retail technology solutions and services provider, completed a strategic recapitalization transaction led by Masked Rider Capital (MRC), alongside the closing of a new $40 million credit facility with Huntington Bank. This milestone positions TRUNO for a new chapter of accelerated growth and enhanced operational capabilities.
“I am excited to bring Masked Rider Capital as a new equity partner and to be part of TRUNO’s future in a more meaningful and impactful way,” Dustin R. Womble, founder and chairman at MRC, said. “The company has a strong foundation, great people and tremendous opportunity ahead.”
Chris St. Clair, CEO of TRUNO, said, “We are thrilled to partner with Masked Rider Capital as we embark on this dynamic next phase. This recapitalization not only strengthens our financial foundation but also brings invaluable resources to drive innovation, expand our market reach and deliver an even greater impact for our stakeholders and customers. The new $40 million credit facility from Huntington Bank empowers us to seize emerging opportunities with agility and confidence.”
Chad Smith, chief operating officer of TRUNO, added, “Over the course of nearly a decade, I have served alongside our team as TRUNO provided solutions for retail technology needs across the nation. There is always an opportunity to raise the bar, especially in the ever-changing landscape of technology. This alignment provides for just that: a fresh take on what is possible and what is yet to be achieved.”
