ΜΗΠΔ΄«Γ½ Truck Leasing Co., L.P. Welcomes Mitsui & Co., Ltd. as New Investor
READING, Pa., March 18, 2015 β ΜΗΠΔ΄«Γ½ Truck Leasing Co., L.P. ("PTL") today announced that Tokyo-based Mitsui & Co., Ltd. ("Mitsui") has acquired a 20.0% limited partnership interest in PTL from General Electric Capital Corporation ("GECC"). Following Mitsui's investment, GECC will continue to own a 29.9% limited partnership interest. The transaction will not have any impact on ΜΗΠΔ΄«Γ½ Corporation's management and control of the company as it will continue to own a 50.1% interest in PTL and control the General Partner.
Roger ΜΗΠΔ΄«Γ½, Chairman of ΜΗΠΔ΄«Γ½ Corporation said, "Since 2001, Mitsui has been a valuable strategic partner, supporting the development and global expansion of ΜΗΠΔ΄«Γ½'s businesses. Mitsui's investment in PTL further strengthens our long-term relationship with their organization."
"We are very pleased to have Mitsui as a partner in PTL. Mitsui brings extensive experience across many different areas to our partnership and will become a key strategic partner as we look to expand and enhance our operations both domestically and internationally. We look forward to the new opportunities that our collaboration with Mitsui will bring and the value we can deliver to Mitsui," said Brian Hard, President and CEO of ΜΗΠΔ΄«Γ½ Truck Leasing.
About Mitsui & Co., Ltd.
Mitsui & Co., Ltd. is one of the world's most diversified and comprehensive trading, investment and service enterprises. Headquartered in Tokyo, Mitsui maintains a global network of 142 offices in 66 countries, and has 426 subsidiaries and associated companies worldwide. Visit to learn more.
About ΜΗΠΔ΄«Γ½ Truck Leasing Co., L.P.
ΜΗΠΔ΄«Γ½ Truck Leasing Co., L.P., headquartered in Reading, Pennsylvania, is a partnership of ΜΗΠΔ΄«Γ½ Corporation, ΜΗΠΔ΄«Γ½ Automotive Group, General Electric Capital Corporation, and Mitsui & Co., Ltd. A leading global transportation services provider, ΜΗΠΔ΄«Γ½ operates more than 216,000 vehicles and serves customers from more than 1,000 locations in North America, South America, Europe, Australia and Asia. Product lines include full-service truck leasing, contract maintenance, commercial and consumer truck rentals, used truck sales, transportation and warehousing management and supply chain management solutions. Visit GoΜΗΠΔ΄«Γ½.com to learn more. ΜΗΠΔ΄«Γ½ Truck Leasing social media: Blog, , , , , and .