SALT LAKE CITY, February 11, 2019-- Flex Fleet Rental, a leading provider of medium-term truck rentals to commercial customers, announced that it has completed a strategic transaction with Waterfall Asset Management's private equity platform. TRP Capital Partners ("TRP"), a transportation-focused private equity firm, is also making a strategic investment alongside Waterfall. The transaction will position Flex Fleet Rental to augment its customer reach, technology enablement and national fleet. Flex Fleet Rental's existing management team will continue to lead the company's operations, led by CEO Michael Kraupp and Vice President Brian Goldhardt.