NationaLease takes equity in Stitzel Leasing

May 27, 2008
NationaLease, through its relationship with ATS Investment Holdings, has taken an equity position in Stitzel Leasing LLC in York, PA, which will now operate under the name of York NationaLease

NationaLease, through its relationship with ATS Investment Holdings, has taken an equity position in Stitzel Leasing LLC in York, PA, which will now operate under the name of York NationaLease.

The investment by ATS enabled Stitzel Leasing, under the direction of trucking industry veteran Dale Stitzel, to acquire the former York NationaLease, the company said. Stitzel Leasing currently operates over 100 vehicles from its York location, and is in the process of opening a Harrisburg, PA location.

According to the company, NationaLease established a private equity fund this April to transition existing NationaLease member companies to independent lessors in the truck leasing and rental industry.

"In terms of structure, the Stitzel Leasing, LLC venture is representative of the type of investments NationaLease will be making," said Mark Joyce, CFO & senior vp of NationaLease. "We have the capability of participating in transactions from small to mid-size independent leasing companies as well as the larger organizations in our industry."

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!

Sponsored Recommendations

Leveraging telematics to get the most from insurance

Fleet owners are quickly adopting telematics as part of their risk mitigation strategy. Here’s why.

Reliable EV Charging Solution for Last-Mile Delivery Fleets

Selecting the right EV charging infrastructure and the right partner to best solve your needs are critical. Learn which solution PepsiCo is choosing to power their fleet and help...

Overcoming Common Roadblocks Associated with Fleet Electrification at Scale

Fleets in the United States, are increasingly transitioning from internal combustion engine vehicles to electric vehicles. While this shift presents challenges, there are strategies...

Report: The 2024 State of Heavy-Duty Repair

From capitalizing on the latest revenue trends to implementing strategic financial planning—this report serves as a roadmap for navigating the challenges and opportunities of ...