Effective Dec. 2, 2024, CHG-MERIDIAN is acquiring 100% of the shares of the leasing business of Meridian Group International, a provider of managed services for cloud, infrastructure and IT security.
“Meridian Leasing is a perfect strategic fit for us because our business models, go-to-market approaches and corporate cultures are very similar. This acquisition particularly boosts our commitment to the US market and thus optimally supplements our existing customer portfolio,” Mathias Wagner, CEO of CHG-MERIDIAN, said. “With this deal, we are bringing together what belongs together. This common history creates a special bond. We will make the best possible use of our synergies to further strengthen our local business.”
“The acquisition enhances our regional presence in the US and also Canada and enables us to leverage the considerable potential in these markets even more effectively,” Wayne Fowkes, sales director, Americas of CHG-MERIDIAN, said. “At the same time, we are expanding our local team and deepening our expertise, particularly in the healthcare sector, where Meridian Leasing has a high level of expertise. With the headquarters of Meridian Leasing in Chicago, we are adding a further US location to Los Angeles, where we have been represented as CHG-MERIDIAN since 2009.”
“We are excited for our team and our customers to have our organizations come together in such a meaningful way. As a leading North American equipment finance company, Meridian Leasing has built a strong reputation, with long-standing customers and partnerships. This acquisition combines two world-class equipment finance companies that share a unique common history, enabling the combined company to address the future of how customers consume and leverage technology investments,” Jeff Murray, CEO of Meridian Group International, said. “Combining Meridian Leasing and CHG-MERIDIAN will enable our customers and employees to gain access to new capabilities that will help them thrive and address ever changing business needs.”
Hovde Group served as exclusive financial advisor to the seller, Meridian Group International, on this transaction.
