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The equity firm invested R450 million ($30.6 million) to gain 100% ownership stakes in the two companies.
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Serving the small- to mid-size fleet market, 55 percent of Union Leasing’s portfolio is comprised of light- and medium-duty trucks. Recently, it acquired Express 4x4 Truck.
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Oklahoma City-based SureXpress uses an alternative approach in providing freight services to help drive down operating costs. One alternative has been renting trucks from Enterprise Commercial Trucks to lower the fleet CPM.
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