Sasser Family Companies finalized an agreement to acquire Singapore-based global container lessor Falcon Lease Holdings and its group of companies. This acquisition expands Sasser’s transportation asset leasing and management services to include global tank container leasing and brings its total operating subsidiary companies to seven.

“Sasser has been intentional in pursuing a growth strategy that strengthens our position as a player in the transportation sector while remaining true to our identity,” Jeff Walsh, CEO of Sasser, said. “From our beginnings in rail more than 90 years ago, we have been guided by putting our customers first, working with respect and integrity and positively impacting the communities where we live and work. Acquiring Falcon Lease, an organization that shares those business and cultural philosophies, allows us to serve a new customer base across Asia Pacific, Europe, North, Central and South America and enables us to bring our experience to bulk oceangoing container leasing. I am extremely optimistic about the opportunities this presents and look forward to bringing our best-in-class customer experience to a new market.”

“The Falcon team and I are thrilled to be partnering with Sasser Family Companies—a group that brings financial strength, similar culture and long-term business ambitions,” Mike Cooper, president of Falcon Lease, said. “Our mutual business objectives, cultural fit, and passion for a customer service-oriented business provide a strong foundation as we pursue building a sustainable business.”

With Sasser’s support, Falcon Lease will pursue a steady growth plan across an expanding global footprint leveraging deep industry knowledge, high-spec equipment, tailored financial products and strategic agility to serve our customers’ evolving needs.