Energy 1 Corporation announced it has acquired Master Lease of Delaware, a truck & trailer leasing business based in Henderson, Colorado.

Master Lease's customer base consists primarily of owner-operators and small trucking companies who haul for regional distributors. Master Lease's present portfolio is comprised of more than 150 active leasing customers with approximately 250 over-the-road trucks & trailers.

According to the terms of the acquisition, E1 utilized its credit facility with TCA Global Credit Master Fund in an all-cash transaction.

"Master Lease is now our licensed leasing agent for E1 trucks going forward," said Dean Steiger, president of Energy 1 Corporation.

The company said in a press release, it believes that Master Lease has the current capacity to sell or lease up to 40-60 trucks a month without the need to expand facilities or personnel and presently has customers in need of several hundred vehicles, but presently lacks current inventory for sale or lease.

E1 plans, going forward, to provide the funds – through its credit facilities – for new inventory purchases to be retrofit with E1's technology solutions for fuel efficiency and emission reduction while growing Master Lease's portfolio management income.

Master Lease is a 40yr+ truck & trailer leasing business based in Henderson, CO. Its customer base consists primarily of owner-operators and small trucking companies who haul for regional distributors such as First Choice Transport, Greatwide Logistics, HVH, Landstar, Monfort, National Carriers and Power Source.

Headquartered in Boca Raton, FL, Energy 1 develops, manufactures and distributes fuel efficiency and emission reduction solutions for retrofit on diesel and gasoline powered equipment.