Rollins to Buy UPS Truck Leasing
November 16, 1999
Rollins Leasing Corp. will buy UPS Truck Leasing as part of a Strategic Alliance Agreement with UPS.
The agreement calls for Rollins to become the preferred provider of lease and rental vehicles and other ancillary services to Worldwide Dedicated Services, a unit of the UPS Logistics Group. In turn, the UPS Logistics Group will become the preferred provider of logistics management and dedicated logistics services to Rollins and its customers.
UPS Truck Leasing currently provides full-service lease and rental services from 54 facilities throughout the U.S. It has some 4,000 customers and provides maintenance services on more than 9,000 vehicles.
Rollins Truck Leasing will sell the assets and business of Rollins Logistics to Worldwide Dedicated Services.
The deal is expected to close in January 2000.