Press Release

Ray Ellingsen Named Vice President of Syndication for AmeriQuest Transportation Services

Ellingsen will head efforts to grow funding relationships with national banks and financing institutions

CHERRY HILL, NJ, February 12, 2014 – Ray Ellingsen has been appointed to the position of Vice President of Syndication for AmeriQuest Transportation Services, a leading provider of comprehensive fleet management services, financial solutions, and operational support services.

Ellingsen comes to AmeriQuest with more than 20 years of experience in the syndication, equipment lease finance, and commercial banking industries. At AmeriQuest, he is responsible for growing and maintaining national funding source relationships with complementary valued-added financial institutions and equipment finance organizations, as well as developing customized, customer-focused, life-cycle fleet management financing programs.

“I am excited to join AmeriQuest, as the Financial Services team is well positioned to provide enhanced customer value through AmeriQuest’s leading fleet management life cycle financial solution offerings. With more than 2,000 customers nationwide, significant collaborative opportunities exist for long-term sustainable growth success,” Ellingsen said.

Prior to joining AmeriQuest Transportation Services, Ellingsen served as Vice President of National Lease Financing for BankFinancial FSB, where he provided loan funding to leasing companies and managed syndication relationships.

About AmeriQuest Transportation Services

AmeriQuest Transportation Services, the fleet management division of AmeriQuest Business Services, Inc., delivers comprehensive fleet management solutions that enable companies to reduce costs, optimize productivity, and be more competitive in their markets. AmeriQuest provides aggregated procurement, strategic fleet planning and financing, commercial used truck sales and remarketing, roadside assistance, independent contractor lease and maintenance programs, and outsourced transportation management services. For more information, visit