NationaLease, AmeriQuest to merge

NationaLease Purchasing Corp., the purchasing arm of NationaLease, and AmeriQuest Transportation and Logistics Resources Corp. have signed an agreement to combine their organizations. Under the agreement, AmeriQuest will be the provider of purchasing and value-added services and will have annual revenues in excess of $500 million.

Upon completion of the merger, the leasing members of both AmeriQuest and National Truck Leasing System will unite and operate under the NationaLease umbrella. The combined leasing organization will represent more than 700 locations and 150,000 trucks throughout the United States and Canada.

Doug Clark, president and chief executive officer of AmeriQuest, will serve as president and CEO of both companies. The merger is expected to close in November.