PR91499

SCHAUMBURG, Ill. and LONDON and SINGAPORE, Sept. 7, 2021 /PRNewswire=KYODO JBN/ --

Sasser Family Companies (Sasser) announced that it has finalized an agreement

to acquire Singapore-based global container lessor Falcon Lease Holdings Pte

Ltd and its group of companies. This acquisition expands Sasser's

transportation asset leasing and management services to include global tank

container leasing and brings its total operating subsidiary companies to seven.

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"Sasser has been intentional in pursuing a growth strategy that strengthens our

position as a player in the transportation sector while remaining true to our

identity," said Sasser CEO Jeff Walsh. "From our beginnings in rail more than

90 years ago, we have been guided by putting our customers first, working with

respect and integrity, and positively impacting the communities where we live

and work. Acquiring Falcon Lease, an organization that shares those business

and cultural philosophies, allows us to serve a new customer base across Asia

Pacific, Europe, North, Central, and South America and enables us to bring our

experience to bulk oceangoing container leasing. I am extremely optimistic

about the opportunities this presents and look forward to bringing our

best-in-class customer experience to a new market."

Mike Cooper, President of Falcon Lease, stated, "The Falcon Team and I are

thrilled to be partnering with Sasser Family Companies—a group that brings

financial strength, similar culture, and long-term business ambitions. Our

mutual business objectives, cultural fit, and passion for a customer

service-oriented business provide a strong foundation as we pursue building a

sustainable business."

With Sasser's support, Falcon Lease will pursue a steady growth plan across an

expanding global footprint leveraging deep industry knowledge, high-spec

equipment, tailored financial products, and strategic agility to serve our

customers' evolving needs.  To explore the benefits of our unique approach to

cultivating long-term customer partnerships and to learn more about what Falcon

Lease can offer, please visit our website at www.falcon-lease.com.

About Sasser Family Companies:

Sasser Family Companies is a fourth-generation, family-held transportation

asset services and management company with roots dating to 1928. Its other

subsidiary business units include Chicago Freight Car Leasing Co., Union

Leasing Inc., CF Rail Services LLC, Xced Aviation Services LLC, and NxGen Rail

Services LLC. The subsidiary units are leaders in providing commercial and

industrial-focused rail, vehicle and aviation transportation equipment

solutions including asset leasing, fleet administration management, asset

repair and maintenance, and innovative technology services throughout North

America. For more information, please visit www.sasser.com.

SOURCE  Sasser Family Companies

CONTACT: Tonya Medley, tonya.medley@sasser.com