National Leasing Group said it acquired the Canadian lease portfolio of CarQuest Canada. In addition, CarQuest Canada has chosen Affiliated Financial Services and National Leasing to provide ongoing lease financing and servicing for its Canadian customers.

“We will continue to look for strategic portfolio purchases such as this one to further augment National Leasing’s growth,” said Nick Logan, president and CEO of National Leasing. “Our financial strength allows us to be fast and flexible in purchasing Canadian-based portfolios from vendors in both Canada and the United States. We also have great relationships with many equipment brokers, who we expect will provide an additional source of referrals.”