TORONTO — Paul and Steve Harper, owners of Harper Group Inc., have officially launched their new leasing company Harper Leasing Inc.

The new company will offer custom leasing options on commercial vehicles, diesel engines, industrial equipment, power units and generator sets.

Harper Leasing will initially launch with a network of 17 locations across Ontario. It will operate out of the Harper Group’s 10 Diesel Drive location in Mississauga, Ont.

“The key driver for our industry continues to be meeting and exceeding our customers’ requirements,” said John Cosgrove, President and of Harper Power Products, in a press release. “We are pleased to offer our customers a full service leasing option that can meet their transportation and equipment needs and lower their overall operating costs.”

The introduction of Harper Leasing Inc. represents another significant diversification initiative by the Harper Group into the Ontario market, says the company. “Launching a leasing company was the next logical step in order for us to offer our customers a comprehensive commercial vehicle and industrial equipment product lineup in the Ontario market at the lowest operating cost,” said Cosgrove.

Harper Leasing will offer access to commercial vehicles in addition to industrial engines, generator sets, power units, mining vehicles and other industrial equipment.

At the same time, the company also announced the appointment of Michael J. Donnelly as general manager of the new leasing division.