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GE UNIT ACQUIRES FLEET PORTFOLIO

 GE UNIT ACQUIRES FLEET PORTFOLIO
 MINNEAPOLIS, July 21 /PRNewswire/ -- GE Capital Fleet Services


announced today that McCullagh, its regional fleet business headquartered in Detroit, has completed the $10 million acquisition of the 900-vehicle lease portfolio of Suburban Leasing located in Troy, Mich. The Suburban portfolio will be incorporated into McCullagh's nationwide network of regional business centers.
 GE Capital Fleet Services is the largest corporate fleet management company in the world with more than 500,000 cars, trucks and specialty vehicles under lease and service management. GE Capital, headquartered in Stamford, Conn., a wholly owned subsidiary of General Electric Company, is a diversified financial service company with assets exceeding $80 billion. GE Capital's financing activities include equipment management, equipment financing, corporate financing, consumer/retail financial services commercial real estate financing and specialty insurance. GE is a diversified manufacturing, technology and services company with operations worldwide.
 -0- 7/21/92
 /CONTACT: Bob Cochrane of GE Capital Fleet, 612-828-2916 or 612-683-1174 (home); or Anthony B. Zehnder of GE Capital, 203-357-4728 or 203-657-3824 (home)/ CO: GE Capital Fleet Services ST: Minnesota; Michigan IN: SU: TNM


AL -- MN019 -- 1449 07/21/92 15:08 EDT
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Publication:PR Newswire
Date:Jul 21, 1992
Words:190
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