Newsroom

Press Release

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 service 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.

About NationaLease
Founded in 1944, NationaLease is one of the largest full service truck leasing organizations in North America, with over 700 service locations throughout the U.S. and Canada and a combined customer fleet of over 135,000 tractors, trucks, and trailers. The company provides comprehensive fleet management services for private fleets and transportation service providers. More information can be found at nationalease.com.

Back