FOR IMMEDIATE RELEASE
May 2014 – Sasser Family Holdings, Inc. is pleased to announce the opening of our aviation ground support equipment finance and asset management subsidiary; Xcēd Aviation Services, LLC. Xcēd will be providing single investor equipment financing solutions and life cycle management of all aviation ground support equipment for North America.
Xcēd Aviation Services will be led by William R. Long. Bill joined the organization in January of 2014 to help establish the newest service offering of the Sasser Family Holdings organization. Bill is a 25 year veteran of the financial services industry, of which the past 5 years have been spent in the ground support equipment marketplace.
“Even after 85 years, we continue to look for ways to grow through providing services and solutions that compliment our family of companies. Bill has a solid history in the ground support businesses, and we have a solid foundation in the asset services & management industry. It is a natural fit, and I’m optimistic about the successes we’ll be able to achieve together, and for this industry,” stated Shad Peterson, President of Sasser Family Holdings.
“I am excited about this opportunity. Even this early on, I know that the level of service that Xcēd will be able to provide the industry is remarkable. Thanks to the expertise of our parent company, and our team, we’re entering the market with the immediate ability to provide tailored solutions to the marketplace,” stated Long.
Xcēd’s services will include lease financing and traditional fixed purchase option financing structures on new and/or used ground support equipment, as well as a wide range of incremental asset management services including trade-in of used ground support equipment, buy/sell services, refurbishment services and refurbishment financing.
About Sasser Family Holdings, Inc.:
Sasser Family Holdings, Inc., is a 4th generation, family-held transportation asset services and management company with roots dating back to 1928. Subsidiary business units include Chicago Freight Car Leasing Co., Union Leasing Inc., CF Rail Services LLC, CF Asia Pacific Group PTY Ltd, NxGen Rail Services LLC, Xcēd Aviation Services, LLC. The subsidiary units are leaders in providing commercial and industrial focused rail, ground support, and vehicle transportation equipment solutions including asset leasing, fleet administration management, asset repair and maintenance, and innovative technology services throughout North America, Australia,, and Europe.