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First Financial Acquired by JA Mitsui Leasing

October 29, 2019, 07:30 AM
Filed Under: Mergers & Acquisitions

First Financial Corporate Services, Inc. (FFCSI), a major independent provider of equipment leasing and financial solutions in the U.S. and Canada, announced it has been acquired by JA Mitsui Leasing, Ltd. (JAML) through its subsidiary, JA Mitsui Leasing USA Holdings, Inc.

“Having served their core markets remarkably well for over 20 years, FFCSI has established themselves as a recognized brand in the leasing industry. We are excited to have them join our family of companies and know that our investment in them offers compelling opportunities for our clients and key stakeholders,” said Kiyoshi Doi, CEO, JA Mitsui Leasing USA Holdings. “They also share our client-focused approach and we look forward to working together to expand our presence throughout the leasing industry and continue to provide an exceptional customer experience.”

“We are extremely proud of what we have built over the last two decades and honored to join the JA Mitsui family of companies,” said Tom Slevin, FFCSI co-founder and Co-President. “This new venture represents significant opportunities for both of our companies to better serve our customers, vendors and employees.”

Richard Stebbins, FFCSI co-founder and Co-President, added, “With growth in our key markets accelerating like never before, the timing couldn’t be more perfect for both companies to explore emerging opportunities together. By combining our strengths and resources, we can elevate our vendor and customer offerings, setting new standards within the leasing industry.”

Established in 2000, FFCSI has contributed significantly to the booming growth and adoption of equipment leasing in the warehouse automation, healthcare and information technology industries. FFCSI will continue to operate out of its headquarters in Orange County, CA, as well as maintain its eight regional offices throughout the U.S. and Canada. The company will continue to use the First Financial Corporate Services, Inc. brand and there will be no changes to the current management and team.

CrestMount Advisors served as financial advisor to FFCSI.

JAML is a Japanese equipment leasing company providing leasing and financial solutions in Japan and Globally (offices in Asia and North America), with total operating assets of over $15 billion.

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