JA Mitsui Leasing, Ltd. (JAML) through its subsidiary, JA Mitsui Leasing USA Holdings, Inc., announced it has acquired a 100 percent interest in Oakmont Capital Holdings, LLC (DBA Oakmont Capital Services) (OCS), a 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 across the North American market.”
“For over 25 years, OCS has built rapport within the equipment finance industry and with our customers,” said Joe Leonard, OCS President, CEO and co-founder. “We’re honored to join the JA Mitsui Leasing family of companies to take our offerings to the next level and better serve our customers, partners and employees.”
OCS Vice President and COO Daryn Lecy added, “For over six years, OCS has been on an upward trajectory in volume, technological advancements, headcount, and more. We’re thrilled to combine our strengths and resources with JA Mitsui Leasing to elevate our offerings and continue to approach a growth mindset with a strong strategic vision that will benefit all.”
Established in 1998 as an equipment finance broker, OCS has matured into a direct lender with offices in West Chester, PA, and Albany, MN, with a staff of over 60 finance professionals. OCS’s mission is to provide a direct and exceptional commercial?equipment?finance?experience focusing on building relationships. The company will continue to use the Oakmont Capital Services brand, and there will be no changes to the current management or team.