JA Mitsui Leasing USA Holdings, Inc. Announces Acquisition of Oakmont Capital Services [Yahoo! Finance]
MITSUI & CO LTD ADR (MITSY)
US:NASDAQ Investor Relations:
mitsui.com/us
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Source: Yahoo! Finance
today that it has acquired a 100% interest in Oakmont Capital Holdings, LLC (DBA Oakmont Capital Services) (OCS), a leading specialty finance company that delivers broad-spectrum solutions for essential-use, small-ticket equipment. "We are excited to supercharge JAML's strategic North American expansion efforts alongside this highly skilled and experienced team," said Kiyoshi Doi, CEO of JA Mitsui Leasing USA. "As a consequence of continued capital markets dislocation, the equipment finance landscape is undergoing profound changes, and the Oakmont Capital team's deep industry expertise will enable JAML to effectively meet the extensive financing needs of U.S. companies." He added, "The Oakmont platform is a natural complement to our group companies in the United States, including First Financial Equipment Leasing, Katsumi Global (DBA JA Mitsui Capital Americas), and Modern Rail Car. Collectively, JAML can now deliver comprehensive, expert, and timely lending and leasing solutions
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