Tokyo Century (USA) Inc., a wholly owned subsidiary of Tokyo Century Corporation, has appointed Chris Enbom, CLFP, as Chief Executive Officer as of April 1. Enbom is currently CEO of AP Equipment Financing, which was acquired by Tokyo Century (USA) in late 2019.

“The acquisition of AP Equipment Financing has allowed Tokyo Century (USA) to quickly grow its footprint in the small-ticket commercial equipment finance market in the U.S.,” said Tiger Ogawa, President of Tokyo Century (USA). “We are excited to have Chris on board to help Tokyo Century achieve even more growth in the U.S. market.”

Tokyo Century (USA) is engaged primarily in financing specialty medium-duty trucks through dealer relationships. AP Equipment Financing is also an innovative player in the medium-duty equipment finance market in the U.S. The two companies together financed over $400 million in small-ticket transactions in 2020, and manage nearly $1 billion in small-ticket equipment financing assets. Ogawa will remain President of Tokyo Century (USA).

“The Tokyo Century (USA) group companies bring a powerful skillset to original equipment manufacturers, dealers and companies seeking equipment and equipment financing,” said Enbom. “I look forward to growing our product offerings and adding services to additional industries as we continue to expand.”