Penske Truck Leasing has reached an agreement to acquire the assets of DeCarolis Truck Rental.

DeCarolis is a family-owned and operated firm based out of Rochester, NY, providing truck leasing, rental, maintenance and repair services. The firm provides its services to the food processing and distribution, consumer distribution and freight hauling industries. DeCarolis employs 175 people while maintaining a fleet of 2,359 units across 10 locations.

“We’re very excited about joining the Penske organization,” said Michael Margarone, president and CEO, DeCarolis Truck Rental. “The combination of both companies will elevate our technology and service capabilities and ultimately benefit our customers. We look forward to this new journey together.”

“DeCarolis Truck Rental is a well-respected name in the region and we are excited about the opportunity to join our businesses,” said Art Vallely, president, Penske Truck Leasing.