PTA Holdings Inc announced a plan to purchase an undisclosed trailer leasing company that is based in the Midwest. The still unknown company that PTA Holdings has an eye on is presently discussing the terms and conditions of the future acquisition. 

In a statement, Leonard Lewensohn CEO of PTA said, "The acquisition of this leasing company will, when completed, provide a continuing supply of trailers for the strategic expansion of our fleet operation.The target company currently owns 100 dry van 53-ft. air ride equipped semi-trailers and is positioned for expansion making it a strategic marketing move for our company.The 'target' has been in the trailer leasing business for many years and a pioneer in many aspects of the industry, having a well-deserved reputation for safety and reliability opening the door to an entirely new business sector for our company in those markets."

PTA Holdings Inc is hopeful that the purchase of the Midwest based trailer leasing company will help in expanding their logistics company as soon as the deal closes.  PTA Holdings is a traditional transportation group that is an asset when it comes to experience and  equipment.

As of now, both companies are optimistic that the process of the acquisition will be finalized by the fourth quarter of this year.