National Leasing Group Inc. (National Leasing)announced its acquisition of Norand Capital Ltd., operating as UMA Finance, a privately held commercial leasing company headquartered in Fredericton, New Brunswick. The acquisition, effective July 1, 2014, advances National Leasing's Eastern Canada growth strategy and is expected to benefit both companies. Additional terms of the transaction were not released.

"We expect UMA Finance will meaningfully contribute toward our growth objectives in Eastern Canada, especially in the forestry, transportation and construction industries," says Tom Pundyk, president of National Leasing. "National Leasing has been doing business in Atlantic Canada since 1995, and the opportunity to leverage the local expertise of the UMA Finance team will be a tremendous enhancement to our current customer offerings in this important growth region."

Led by Regional Sales Manager, Mark Roach, UMA Finance shares National Leasing's commitment to providing the highest level of customer service at the local level.

"We are excited to join National Leasing and leverage our combined strengths to benefit our customers," adds Mark Roach. "We will be the same local team providing the same local service, supported by the power of National Leasing. Our employees will also benefit from National Leasing's award-winning corporate culture and professional development opportunities. This is a true win-win for everyone."