Alta Supports FGL Investment in Pacific Rim Capital

Pacific Rim Capital received a significant investment from Japanese lessor Fuyo General Lease (FGL). The Alta Group initiated the transaction and acted as exclusive financial advisor to FGL on it.

Headquartered in Tokyo, FGL is a major Japanese lessor with assets of nearly $20 billion. The company made this investment as part of a strategy of promoting advancement into new areas through investment and collaboration with non-Japanese leasing companies.

Through the National Minority Supplier Development Council (NMSDC), PRC will maintain its Minority Business Enterprise certification through the NMSDC’s Growth Initiative Program as a minority-controlled company. The company will continue to be run and controlled by its current management team.

“FGL has been a long-time client of The Alta Group, and we are pleased that they selected us to explore investment opportunities in the U.S. market,” said Bruce Kropschot, Alta senior managing director. “We identified a number of potential U.S. partners for them, and PRC was clearly the best fit for FGL’s objectives. Alta has also had a long relationship with PRC, and we have been very impressed with the company’s success and management under founders David Mirsky and Marc Mills. We believe that with FGL’s investment and the continued leadership of Mr. Mills and Mr. Mirsky, PRC is well-positioned for further growth.”

Marc Mills, PRC president, added, “Our new partnership with Fuyo will help PRC to continue to aggressively expand its customer base and to build on our successful relationships. I would like to thank the NMSDC and its member corporations for providing minority business enterprises with potential for substantial growth, the opportunity to access equity capital, while retaining management and control, as they expand both nationally and globally.”

This is the 10th M&A transaction Alta has arranged with Japanese-owned equipment finance businesses, including nine with U.S. companies and one with a Canadian company.

Pacific Rim Capital is an independent leasing company that primarily conducts operating leases of material handling equipment in the U.S., Mexico and Canada.

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