Petit Forestier buys Mendon Leasing

Villepinte, France: Petit Forestier has bought Mendon Leasing, a New York-based vehicle rental business.

“Our ambition is to gain a market share in the US,” says Yves Forestier, chief executive, Petit Forestier.

“We will contribute our expertise to this new subsidiary whilst taking the specific features of the US market into consideration,” he says.

Mendon currently has 1,600 trucks on rent in six sites iin New York and New Jersey. The US rental company’s business is 60% refrigerated rental.

“To develop Mendon, we will rely on our shared DNA – family companies with a significant commitment to customer service. But our growth in the US could also lead to further targeted acquisitions. We are market-driven,” Forestier says.

Petit Forestier has two 2 rental brands, Petit Forestier and Stricher, and sales of €667m in 2017. Mendon Truck has sales of $46m.

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