Canada-based Jim Pattison Lease announced the acquisition of Shaker Auto Lease, Inc., based in Cleveland, Ohio.
Jim Pattison Lease announced the acquisition of Shaker Auto Lease, Inc., based in Cleveland, Ohio. The former, founded in 1961, is based in Canada and has over 62,000 leased and managed vehicles across North America.
This acquisition is the second investment in the United States by Jim Pattison Lease over the past several years, representing the company’s goal of increasing customer support in the United States and Canada.
“We are excited to embark on this journey with Jim Pattison Lease,” said Brian Davis, executive vice president of Shaker Auto Lease, which was founded in 1963 in Warrenville, Ohio. “This transaction represents a significant step forward in our ongoing efforts to deliver unmatched customer experiences while continuing to grow our business.”
“Our acquisition of Shaker Auto Lease is built on a solid foundation of dedicated team members from both companies providing leasing and fleet management services for a combined 124 years,” Ryan D’Souza, president of Jim Pattison Lease, said.
“Through this transaction, we will continue to expand our footprint in the United States while upholding our commitment of providing local and personal service throughout all cross-border markets,” D’Souza continued.
Jim Pattison Lease Regional President Ben Carfrae.
Both companies share a common vision of enhancing customer satisfaction through innovative fleet solutions and advanced technologies delivered through a customer-first commitment.
“We are excited to welcome all existing team members from Shaker Auto Lease, who will continue to deliver the same high level of service their customers have come to expect,” Ben Carfrae, regional president of Jim Pattison Lease, said.
“We believe that through the strength of both of our companies, we will continue to deliver industry-leading service while supporting our customers’ fleet needs,” Carfrae continued.
In connection with the transaction, Solomon Partners Securities, LLC served as the exclusive financial and strategic advisor to Shaker Auto Lease.
