Energy 1 Buys Master Lease

October 2, 2012

SHARING TOOLS        | Print Subscribe
Energy 1 Corp., headquartered in Boca Raton, Fla., has acquired Master Lease of Delaware, a truck and trailer leasing business based in Henderson, Colo.

Master Lease's customer base is mostly owner-operators and small trucking companies who haul for regional distributors. Master Lease's present portfolio consists of more than 150 active leasing customers with approximately 250 over-the-road trucks and trailers.

"Master Lease is now our licensed leasing agent for E1 trucks going forward," said Dean Steiger, president of Energy 1.

The company believes that Master Lease has the current capacity to sell or lease up to 40 to 60 trucks a month without the need to expand facilities or personnel. It also presently has customers in need of several hundred vehicles, but lacks current inventory for sale or lease.

E1 plans, going forward, to provide the funds - through its credit facilities - for new inventory purchases to be retrofit with E1's technology solutions for fuel efficiency and emission reduction while growing Master Lease's portfolio management income.

Comment On This Story

Comment: (Maximum 2000 characters)  
Leave this field empty:
* Please note that every comment is moderated.


We offer e-newsletters that deliver targeted news and information for the entire fleet industry.


ELDs and Telematics

sponsored by
sponsor logo

Scott Sutarik from Geotab will answer your questions and challenges

View All

Sleeper Cab Power

Steve Carlson from Xantrex will answer your questions and challenges

View All