Penske to Acquire Kris-Way Truck Leasing, Inc.

Penske to Purchase Kris-Approach Truck Leasing, Inc.

Penske Truck Leasing introduced it has reached an settlement to amass Kris-Approach Truck Leasing, Inc. Monetary phrases weren’t disclosed.

Based in 1978, Kris-Approach is a transportation companies firm providing full-service leasing, industrial truck rental, contract upkeep and devoted contract carriage. Penske will soak up Kris-Approach’s roughly 150 associates and over 900 automobiles from seven areas all through Maine and New Hampshire.

“Kris-Approach has earned a stellar popularity within the market. Penske and Kris-Approach prospects will profit from the mixed companies each corporations have to supply throughout our rising community,” stated Artwork Vallely, president, Penske Truck Leasing. “We stay up for working intently with Kris-Approach prospects and associates to combine the enterprise into the Penske model.”

“We’re excited to hitch Penske,” stated Tom Keefer, president, Kris-Approach. “We consider as a part of Penske, Kris-Approach is well-positioned to help our prospects’ wants into the long run. By increasing our community, our associates may have new alternatives for progress and growth.”

This transaction is topic to customary closing circumstances, together with sure regulatory approvals. The events concerned anticipate closing within the second quarter of 2023.

By “Transfer Forward” Employees

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