In a move that realigns the powers-that-be in the truck leasing and renting industry, Reading PA-based Penske Truck Leasing is buying Wilmington DE-based
In a move that realigns the powers-that-be in the truck leasing and renting industry, Reading PA-based Penske Truck Leasing is buying Wilmington DE-based Rollins Truck Leasing Corp. The deal alters the leasing and renting landscape, amounting to a merger between the numbers two and three leasing companies that serve the trucking industry.
The acquisition will be made in a cash tender offer of $13 for each outstanding share of Rollins' common stock. It was approved by Rollins' board of directors recently.
Penske will acquire Rollins' 270 locations in the United States and Canada, along with its leasing and renting fleet of 53,000 vehicles. Penske operates a fleet of 152,000 vehicles, and has 750 locations in the United States, Canada, Mexico, South America, and Europe.
The companies did not say if the Rollins brand would be absorbed by Penske.
Voice your opinion!
To join the conversation, and become an exclusive member of FleetOwner, create an account today!
This free guide outlines simple steps for hiring and onboarding commercial drivers while ensuring that you meet Regulation Part 391 and maintain fully compliant driver qualification...
Ready to boost fleet efficiency by up to 50%? Learn how AI-powered dispatch and next-gen tech are transforming TMS workflows, improving driver planning, and streamlining operations...
Gain a strategic edge in today’s evolving fleet landscape. Join us to explore how fuel cards are helping fleet managers cut costs, enhance control, and prepare for an electrified...
What challenges are top of mind for fleet professionals in 2025? Get exclusive insights from the 2025 Fleet Trends Survey and discover where the industry is headed next.
