Penske Truck Leasing has completed the acquisitions of a pair of companies:
- Star Truck Rentals, Inc., is a transportation services company offering full-service leasing, commercial truck rental, contract maintenance, used truck sales, and additional services.
- Kris-Way Truck Leasing, Inc., is a transportation services company offering full-service leasing, commercial truck rental, contract maintenance, and dedicated contract carriage.
The acquisition of Star Truck Rentals, headquartered in Grand Rapids, Michigan, increases Penske’s existing fleet by approximately 1,900 vehicles and adds 18 locations throughout the states of Michigan and Indiana.
The acquisition of Kris-Way Truck Leasing—headquartered in Bangor, Maine—adds approximately 900 vehicles, plus seven more locations throughout Maine and New Hampshire.
Penske Truck Leasing said that it is integrating the facilities, staff, vehicles, and processes of both companies into its existing network.
Company information available at www.gopenske.com.