The Car and Truck Fleet and Leasing Management Magazine

Emkay Completes Purchase of PHD Leasing From Penske

July 11, 2006

ITASCA, IL – Emkay, Inc. has completed its acquisition of PHD Leasing from Penske Truck Leasing Co. L.P. Established in 1953, PHD operated independently until the company sold to Leaseway Transportation in 1978. The company operated as PHD Leaseway until 1986 when it was purchased by Penske Truck Leasing. PHD portfolio includes regional mid-sized fleet accounts in the Southwestern U.S.“Emkay’s strategy of both acquisition and internal growth has resulted in over 100-percent growth in the past five years. The transaction was valued in the low eight figures,” said Chris Tepas, executive VP sales & marketing for Emkay.
Twitter Facebook Google+


Please note that comments may be moderated. 
Leave this field empty:

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.


Fleet Management And Leasing

Merchants Experts will answer your questions and challenges

View All
Sponsored by

In the fleet industry, the term consignment is generally used in reference to a vehicle asset that is owned by one party but is in the hands of another party, often for remarketing purposes.

Read more

Up Next

More From The World's Largest Fleet Publisher