PTA Holdings, Inc. announced that it has signed a lease for a maintenance and operations facility in Fredericksburg, Iowa. The contract will be year-to-year for five years with a purchase clause at the end of the lease. The facility consists of several service bays, office space, potential retail space and parking space for semi-trailers.

The facility will enable the Company to provide repair and reconditioning services for its fleet operations as well as for other fleet operators in the Midwest.