NationaLease, AmeriQuest agree to merge

NationaLease Purchasing Corp, the purchasing arm of National Truck Leasing System (NationaLease), and AmeriQuest Transportation and Logistics Resources Corp, have signed an agreement to combine both organizations. Under the agreement, AmeriQuest will provide purchasing and value-added services and will have annual revenues in excess of $500 million. The merger is expected to close in November 2006.

Upon completion of the merger, the leasing members of both AmeriQuest and NationaLease will unite to form one of the largest full-service leasing systems in North America. The leasing companies of both systems will now operate under the NationaLease umbrella. The combined leasing organization will represent more than 700 locations and 150,000 trucks throughout the United States and Canada.