On April 26, 2023, Star Truck Rentals, Inc., a Grand Rapids-based full-service transportation services company, was acquired by Pennsylvania-based Penske Truck Leasing. The transaction closed in the second quarter of 2023.
Founded in Grand Rapids in the 1860s, Star Truck Rentals operates over 1,900 vehicles from 18 locations throughout Michigan and Indiana. The company offers full-service leasing, commercial truck rental, contract maintenance and used truck sales, and serves a diverse customer base across the food and beverage, manufacturing and consumer goods and services industries.
“We are excited to join Penske,” said Tom Bylenga, president of Star Truck Rentals. “Penske and Star share a similar culture and approach towards supporting customers and developing associates. Joining with Penske will offer new opportunities for growth across an expanded network.”
Warner Norcross + Judd served as legal counsel to Star Truck Rentals. The Warner transaction team was led by Jeffrey Battershall and Michael Jones, and included Laura Jeltema (trusts and estates), Malaina Weldy (M&A), Kurt Brauer (environmental), Stephen Kretschman (tax), James Rabaut (real estate), Alex Haywood (real estate) and Jon Kok (labor and employment).
Warner’s Mergers and Acquisitions (M&A) Practice Group
As part of one of the largest and most successful law firms in Michigan, Warner’s M&A Practice Group draws upon more than 90 years of experience to successfully and efficiently handle a wide range of M&A transactions for both private and publicly traded businesses, including mergers, acquisitions, divestitures, joint ventures and strategic business combinations of all types.