Penske announced the recent completion of the acquisition of Star Truck Rentals and Kris-Way Truck Leasing.
Star Truck Rentals adds 1,900 vehicles and 18 locations throughout Michigan and Indiana. The Kris-Way deal adds 900 vehicles and seven locations in Maine and New Hampshire. Penske says it will integrate the facilities, staff, vehicles and processes of both companies into its existing network.
Penske, headquartered in Reading, Pennsylvania, operates and maintains more than 431,700 vehicles. It has 930 maintenance facilities and more than 2,570 rental locations in North America.
"Star Truck Rentals has impressive scale in the region, an excellent reputation in the industry and a commitment to exceptional customer service," says Art Vallely, president, Penske Truck Leasing. "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."
