NationaLease, through its relationship with ATS Investment Holdings, has made its first investment, taking an equity position in Stitzel Leasing LLC, York, Pa., which will now operate under the name of York NationaLease.

Stitzel Leasing is operating under the direction of Dale Stitzel, a trucking industry veteran. The investment by ATS enabled Stitzel to acquire the business. Currently, Stitzel Leasing operates more than 100 vehicles from a single location. The firm is in the process of opening a location in Harrisburg, Pa., and plans to add additional York NationaLease locations in the future.

NationaLease established a private equity fund in April to help new owners become independent lessors in the truck leasing and rental industry. The goal of the private equity fund is to preserve and promote the legacy of the independent truck lessor, protect jobs, and give customers clear alternatives.

"In terms of structure, the Stitzel Leasing LLC venture is representative of the type of investments NationaLease will be making," said Mark Joyce, chief financial officer and senior vice president. "We have the capability of participating in transactions from small to mid-size independent leasing companies as well as the larger organizations in our industry."

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