Portland, OR – October 6, 2022 TEC Equipment, Inc., headquartered in Portland, Oregon, has purchased the assets of two locations of International Leasing, Co. (ILCO) out of Seattle, Washington. The family-owned International Leasing, Co. was looking for a transition plan for their family business, and TEC Equipment saw the additional locations as a great opportunity to expand the potential geographic offerings of TEC’s leasing business, while also gaining a valuable and established customer base with similar family-run values.
“We are excited about this opportunity in the Seattle and Kent, Washington area,” stated David A. Thompson, founder and president of TEC. “This was a natural fit between one family-owned business to another and we look forward to establishing great relationships with new customers while extending the servicing we can offer to our current customers.”
“This is a great market, and TEC is thrilled to have new associates and customers join the TEC family,” stated William Thompson, PMO lead for TEC Equipment Leasing. “The acquisition of over 240 power units, the home facility and office in Seattle, and the leased Kent location about 30 minutes southeast give TEC exciting runway to continue expanding our Pacific Northwest footprint for leasing and rental customers.”
International Leasing, Co. has been in the truck leasing and rental business since 1961, and all but a few long-time staff of International Leasing remain onboard with TEC through the transition. These friendly faces, now a part of TEC Equipment, are available Monday through Friday, from 6:00am until 10:30pm at the Seattle location, and from 6:00am until 11:00pm, Monday through Friday at the Kent location. Additionally, these two locations join 32 existing TEC Equipment locations throughout eight states in the West and Midwest.