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New Deal


Announced

Completed

Penske Truck Leasing completed the acquisition of Star Truck Rentals.

Synopsis

Penske Truck Leasing, a provider of innovative transportation solutions, completed the acquisition of Star Truck Rentals, a transportation services company offering full-service leasing, commercial truck rental, contract maintenance, used truck sales and additional services. Financial terms were not disclosed. "Star Truck Rentals has impressive scale in the region, an excellent reputation in the industry and a commitment to exceptional customer service. We look forward to integrating Star into the Penske brand and leveraging the best both companies have to offer to serve new and existing customers in the region," Art Vallely, Penske Truck Leasing President.

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