PRESS RELEASE
Contacts:
Kate Donahue
AmeriQuest® Transportation and Logistics Resources Corp.
kdonahue@ameriquestcorp.com
Penny Davoren
NationaLease
pdavoren@nationalease.com
AmeriQuest and NationaLease Announce Merger Closing
December 6, 2006, Cherry Hill, NJ — NationaLease Purchasing Corporation (“NPC”) and AmeriQuest Transportation and Logistics Resources Corp. completed their previously announced merger last week when shareholders of both companies offered their overwhelming support by voting in favor of merging the two entities.
As a result of this nearly unanimous support, NPC and AmeriQuest proceeded to close on the merger in the Philadelphia office of Dilworth Paxson LLP. The unified AmeriQuest leasing participants operating under the NationaLease brand has formed the largest leasing organization in North America with more than 700 locations allowing NationaLease to more effectively compete with current industry leaders. In addition, NationaLease now has the largest reciprocal road service network in North America and a stronger, more robust National Account program serving the needs of the unified participants selling full-service leasing, contract maintenance, and dedicated contract carriage throughout North America.
AmeriQuest is a national leader in the transportation industry, delivering a broad range of transportation-related products and services at substantial savings through its unique patented business model. AmeriQuest combines best practices and efficient processes utilizing state-of-the-art technology to provide value to the fleet operator by leveraging the direct purchasing power of more than 525,000 trucks and several hundred fleets.
NationaLease Purchasing Corporation, founded in 1985 to serve as a buying corporation for member companies of NationaLease, leverages purchasing volume in excess of $300 million annually.
NationaLease, founded in 1944, has grown to become the largest member-owned network of independent truck leasing companies representing a total fleet of 90,000 vehicles served by a reciprocal service network of more than 700 locations across North America. NationaLease will continue to operate from its Oakbrook Terrace, IL home office.
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