Rollins Leasing Acquires Keen
October 10, 1999
Rollins Leasing Corp. is buying family-owned Keen Leasing, headquartered in Harrisburg, PA.
Keen currently services almost 2,000 vehicles from 13 locations in Pennsylvania, Maryland and Virginia. Rollins says this acquisition will fit nicely into its Northeast region and will add to its service capabilities in this area.
Rollins expects to add more than $20 million of annualized revenue to its present $650 million revenue base and increase the number of truck leasing and rental facilities to 230. With this acquisition, it will be servicing more than 40,000 lease and rental vehicles throughout North America. Closing is subject to normal regulatory approvals and is expected to occur in early November.