Sasser Family Holdings Announces Strategic Acquisition and Update on Holdings

Feb 10, 2016, 07:44 ET from Sasser Family Holdings Inc.

CHICAGO, IL, Feb. 10, 2016 /PRNewswire/ - Sasser Family Holdings Inc. ("the Company"), a privately owned, mid-sized transportation asset management and services company, announced that its subsidiary Union Leasing Inc. has acquired Walser Leasing, growing Union Leasing's vehicle fleet leasing asset portfolio by 16 per cent.

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"Our company has grown through the years in great part due to the power of our employees and their expertise in the multiple transportation fields we serve," states Fred R. Sasser, CEO and chairman of Sasser Family Holdings. "As we look to the future and our aggressive growth goals across our subsidiary businesses, acquiring like-minded companies like Walser Leasing is a prominent part of our strategy."

Diversification and leveraging opportunities for consolidation, particularly in the fleet management industry, are vital to the Company's growth strategy. Management's five-year projected growth estimates are beyond industry average for each holding in its portfolio. The subsidiary business holdings are leaders in providing commercial and industrial-focused rail, aviation ground support and vehicle transportation equipment solutions, including asset leasing, fleet administration management, asset repair and maintenance and innovative technology solutions throughout North America and Australia.

About Sasser Family Holdings:

Sasser Family Holdings is a fourth-generation, family-held transportation asset services and management company with roots dating back to 1928. Their subsidiary business units include Chicago Freight Car Leasing Co.; Union Leasing, Inc.; CF Rail Services, LLC; CF Asia Pacific Group PTY Ltd.; NxGen Rail Services LLC; and Xcēd Aviation Services, LLC. For more information visit Sasser Family Holdings at www.sfhsinc.com

SOURCE Sasser Family Holdings Inc.