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Acquisition

All Assets of Sutton Leasing Acquired by Hilco Global

Hilco Global, specializing in asset valuation, monetization, and advisory solutions, announced on May 24 2021, that it’s commercial-industrial team has acquired all of the assets of Sutton Leasing, a fleet leasing company based in Sterling Heights Mich., in a multi-million-dollar transaction which closed on May 7, 2021

State of the Fleet Industry: Fleet Trends in Maintenance, Replacement Tires & Fuel Costs

This video analyzes fleet sales and acquisition trends month over month; flat PM costs as some fleets base oil drain intervals solely on mileage; replacement tire expenses remain flat but increased interest in retreads as a result of cash conservation initiatives; and an uptick in unnecessary idling due to field workers using vehicles for social distancing.

9 Questions to Ask When Determining Your Truck’s Lifecycle

Determining when exactly to cycle your vehicles is a fine balance among many factors, from acquisition, through operation, and resale or asset disposal. Here are nine questions to answer when you’re deciding when and how to best cycle your trucks.

Morgan Acquires Canadian Truck Body Manufacturer

Morgan Truck Body and its subsidiary, Morgan Canada Corporation, have acquired Multivans to increase its market share and growth and aims to produce truck bodies that accommodate cargo of varying configurations.

PSA Group to Acquire GM's European Operations

PSA Group has reached an agreement with General Motors to purchase GM’s European operations — which include the Opel and Vauxhall brands, as well as GM Financial’s European operations — for 2.2 billion euros.

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