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New Deal


Announced

Penske Truck Leasing to acquire DeCarolis Truck Rental.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Pending

Leasing

Single Bidder

Majority

Private

United States

Domestic

commercial trucks

Acquisition

car leasing

truck leasing

Synopsis

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Penske Truck Leasing, a global transportation services provider, agreed to acquire DeCarolis Truck Rental, a commercial truck leasing, rental, service and repair company. Financial terms are not disclosed. "DeCarolis Truck Rental is a well-respected name in the region and we are excited about the opportunity to join our businesses. We look forward to working closely with DeCarolis customers and associates to integrate the business into the Penske brand," Art Vallely, Penske Truck Leasing President.

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