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New York, April 4, 2024–(BUSINESS WIRE)–JA Mitsui Lease Co., Ltd. (JAML) today announced that it has acquired 100% of the shares of Oakmont Capital Holdings LLC (DBA Oakmont Capital) through its subsidiary JA Mitsui Lease USA Holdings. . Services) (OCS) is a leading specialty finance company offering a wide range of solutions for essential small-value equipment.
“We are excited to work with this highly skilled and experienced team to strengthen JAML’s strategic North American expansion efforts,” said Kiyoshi Doi, CEO of JA Mitsui Lease USA. . “As a result of continued capital market turmoil, the equipment financing landscape has changed significantly, and the deep industry expertise of Oakmont and his team has positioned JAML to effectively serve a wide range of financing needs for U.S. companies. We will be able to respond to you.”
He added, “Oakmont’s platform is a natural complement to our U.S. group companies, including First Financial Equipment Lease, Katsumi Global (DBA JA Mitsui Capital Americas), and Modern Railroad. , JAML is now able to provide comprehensive and professional services,” he added. , and provide timely financing and leasing solutions across the North American market. ”
“For more than 25 years, OCS has built trusted relationships within the equipment finance industry and with our customers,” said Joe Leonard, president, CEO and co-founder of OCS. “We are honored to join the JA Mitsui Lease Group of companies to take our services to the next level and better serve our customers, partners and employees.”
“For more than six years, OCS has been on an upward trajectory in transaction volume, technology advancements, and employee numbers,” said Darin Leasey, OCS Vice President and Chief Operating Officer. We are excited to be able to combine this with JA Mitsui Lease to improve our services.” Continue to approach a growth mindset with a strong strategic vision that benefits everyone. ”
Founded in 1998 as an equipment financing broker, OCS has grown into a direct lending company with offices in West Chester, Pennsylvania, and Albany, Minnesota, and more than 60 financial professionals. OCS’ mission is to provide a direct and superior commercial equipment financing experience with a focus on relationship building. The company will continue to use the Oakmont Capital Services brand and there will be no changes to its current management or team.
About Oakmont Capital Holdings LLC
Oakmont Capital Holdings, LLC, doing business as Oakmont Capital Services (OCS), is a direct lender providing commercial equipment financing and working capital throughout the 50 United States. Our experienced financial professionals work across a variety of industries to help customers secure funding quickly and easily through a streamlined virtual process. For more information, please visit www.oakmontfinance.com.
About JA Mitsui Lease Co., Ltd.
JAML is a global leasing company headquartered in Japan with offices in Japan, Asia and North America, and total operating assets in excess of US$16 billion. JAML’s major shareholders are The Norinchukin Bank and Mitsui & Co., both of which have his S&P rating of ‘A’. By combining the strengths of our parent companies, JAML leverages multiple channels, a financial giant parent company, and an extensive customer network to provide our customers with best-in-class leasing and asset financing solutions. For more information, please visit www.jatsuilease.co.jp/ja/.
View source version on businesswire.com. https://www.businesswire.com/news/home/20240403413128/ja/
contact address
Lori Levy
phone: 714-646-1619
Email: lleavey@ffequipmentleasing.com
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