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Union Leasing Closes Acquisition of Express 4X4 Rental

December 09, 2013, 06:50 AM
Filed Under: Mergers & Acquisitions

Union Leasing announced the recent acquisition of the Warminister, PA-based, privately-held company, Express 4 x 4 Truck. Express provides outsourced management and transportation solutions to companies requiring reliable, full-size power vehicles to transport people, equipment and gear to work sites in remote areas.

“Over the years, we have been open to growing our business and services by acquiring another company,” said Kent Boskovich, President of Union Leasing. “We knew we would have to find the right fit for our culture and our existing business, and the great people and business model of Express Truck are natural complements for Union. We couldn’t be happier to have them as part of the family.”

Express 4x4 Truck’s expansive fleet of 3/4 ton, full-size, diesel 4x4 pickups from Dodge (Ram 2500), Ford (F-250) and General Motors (Chevrolet Silverado 2500), are used for construction, infrastructure, turbine, pipeline and security projects that typically last 6-15 months. With the working capital and resources available through Union Leasing, Express will be able to accelerate its growth as a market leader within the truck rental segment.

Express joins Union Leasing, Inc. and its vast offering of flexible, vehicle lease financing and highly customized fleet management services to corporate, rental or governmental customers.

Union Leasing, Inc. provides flexible, vehicle lease financing and highly customized fleet management services to corporate, rental, and governmental customers nationwide. Union was established in 1955 and acquired in 1989 by Sasser Family Holdings, Inc., a 4th generation, family-held transportation asset services and management company currently celebrating its 85th year in business. Subsidiary business units include Chicago Freight Car Leasing Co., Union Leasing Inc., CF Rail Services LLC, CF Asia Pacific Group PTY Ltd, and NxGen Rail Services LLC. The subsidiary units are leaders in providing commercial and industrial- focused rail and vehicle transportation equipment solutions including asset leasing, fleet administration management, asset repair and maintenance, and innovative technology services throughout North America, Australia and Europe.

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