Description In 1955, Lawrence Faul of the Faul Group formed a company to provide commercial leasing solutions. By 1958, the name Union Leasing had been established. Today, Union Leasing is a proud subsidiary of Sasser Family Companies – a fourth generation, family-owned company with roots dating back to 1928. Our sister companies are industry leaders in providing customer-focused rail and vehicle transportation equipment solutions, as well as ground support equipment repair and rental services throughout the United States.