PLACENTIA, Calif.–(BUSINESS WIRE)–First Financial Corporate Services, Inc. (FFCSI) a major independent
provider of equipment leasing and financial solutions in the U.S. and
Canada today announces the signing of a definitive acquisition agreement
with JA Mitsui Leasing, Ltd. Under the agreement, JA Mitsui Leasing,
Ltd. (JAML), headquartered in Tokyo, through its subsidiary JA Mitsui
Leasing USA Holdings, Inc. will acquire 100 percent of First Financial
Corporate Services, Inc. and the majority of its holdings.
JA Mitsui Group (JAMG) is expanding operations in North America, and
will combine FFCSI’s infrastructure, expertise, and people with JAMG’s
financial strength and customer network to expand leasing services
offered in North America.
Established in 2000, FFCSI helps customers acquire new technologies in
three key markets: Healthcare, Warehouse Automation, and Information
Technology. “Over the years, our dedication to these core markets has
proven that we have the knowledge needed to provide our customers with
creative solutions while evolving in these dynamic markets,” said Tom
Slevin, FFCSI’s Co-Founder & Co-President. “Our new relationship with JA
Mitsui will provide tremendous opportunities for us to expand our
presence while exploring new opportunities to reach a broader customer
Richard Stebbins, FFCSI’s Co-Founder & Co-President added, “we are very
pleased to join the JA Mitsui leasing family and serve as the
cornerstone of their growth strategy throughout the U.S. and Canada.
Upon completion of the acquisition, our current management and team will
remain in place, and the company will continue to use the First
Financial Corporate Services, Inc. brand we have built. Our customers,
vendors and partners will continue to receive the same outstanding
service and support that have been the building blocks of First
Financial for almost 20 years.”
“Ours is a people-based business and our long-term success truly belongs
to our remarkable team who continually elevate the customer experience
and are experts in their respective industries,” noted John Sandoval,
FFCSI’s CFO & COO. “During this integration, I look forward to growth
opportunities as we extend our services into new markets and leverage JA
Mitsui’s great people, customer relationships and brand recognition.”
CrestMount Advisors served as financial advisor to FFCSI.
About First Financial Corporate Services, Inc.
FFCSI is an independent provider of equipment leasing and financial
solutions for businesses and healthcare providers using technology. The
company assists in the management of equipment lifecycles and
acquisition of new technology in three main markets: healthcare,
material handling and automation, and information technology.
Headquartered in Southern California, FFCSI has multiple regional office
locations across the U.S. and Canada including Baltimore, Charleston,
Chicago, New England, Hoboken, Orange County, Phoenix, San Francisco and
Ontario, Canada. For additional information, please visit the company’s
website at www.ffcsi.com.
About JA Mitsui Leasing, Ltd.
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 US $10 billion. Its
primary shareholders are: The Norinchukin Bank and Mitsui & Co., Ltd.,
both A rated. JAML also carries its own A-rating, which facilitates JAML
to provide efficient asset acquisition solutions to its client network
through multiple origination channels.