KENILWORTH, NEW JERSEY (September 23, 2002) Flexi-Van Leasing, Inc. announced the acquisition today of approximately 35,000 marine chassis from Transport International Pool, Inc. (TIP), a GE Capital Company. The acquisition was effective close of business, Friday, September 20, 2002.
This fleet, when added to Flexi-Van's existing fleet of approximately 95,000 chassis, enhances Flexi-Van's position as the preeminent chassis lessor in North America. In addition to chassis, Flexi-Van is the largest lessor of generator sets in North America. With a combined fleet of over 130,000 chassis, Flexi-Van chassis are now available at over 50 depots located in principal commercial centers throughout North America.
Flexi-Van augments its chassis leasing business with various value-added services including fleet management, equipment tracking, maintenance and repair services, chassis pool administration, and license and insurance certificate administration. Flexi-Van employs cutting-edge technology and uses proprietary software systems to ensure maximum customer service.
George M. Elkas, President and Chief Operating Officer, stated, “Our expanded chassis fleet, together with the above services, enables Flexi-Van to provide excellent value to our customers. Our highly skilled and trained sales force is very excited about this acquisition. We welcome the TIP lessees who are new to Flexi-Van. The TIP lessees, who are existing Flexi-Van customers, can be assured of a smooth transition and a continuation of the excellent customer service they have come to know and expect from Flexi-Van. This acquisition demonstrates Flexi-Van's continuing commitment to its core chassis leasing business.”