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Stock impact report

Stonepeak Acquires Fleet Companies [Yahoo! Finance]

Air Transport Services Group, Inc (ATSG) 
Last air transport services group, inc earnings: 3/2 04:46 pm Check Earnings Report
US:NASDAQ Investor Relations: atsginc.com/investor_relations.html
Company Research Source: Yahoo! Finance
announced that it has acquired Fleet Companies ("Fleet"), a leading regional trailer dealership and leasing company. Fleet Companies serves a variety of both blue chip customers and other transportation companies with an integrated offering across trailer dealership, leasing, drop yard, and maintenance operations. Headquartered in Memphis, Tennessee with additional operations in Nashville, Tennessee and Dallas, Texas, the company sits at the nexus of several of the fastest growing transportation hubs in the country. Fleet will serve as the seed asset for a multi-faceted national trailer platform that Stonepeak plans to build out through additional acquisitions and greenfield operations across the U.S. The investment follows Stonepeak's long-held thesis around and extensive experience in transportation-focused asset leasing businesses, including TRAC Intermodal (marine chassis leasing) and Textainer (container leasing), along with Air Transport Services Group (aircraft leasing), wh Show less Read more
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