Penske Truck Leasing is to buy Ford Motor Credit Company’s truck leasing, rental, maintenance and logistics operations Auto Rental Corporation (ARC), known as AMI Leasing.

Headquartered in Worcester, Massachussets, AMI Leasing has about 1,500 customers at 26 locations throughout the northeastern United States and offers full-service leasing, rental, finance leasing, contract maintenance and dedicated contract carriage.

The acquisition of AMI’s truck and equipment businesses will add approximately 14,000 tractors, trucks and trailers to Penske Truck Leasing’s fleet.

Penske and AMI expect to complete the deal by the end of August.

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