CSI Leasing announced it reached an agreement with Century Tokyo Leasing on the purchase of approximately 35% of the common stock of CSI. A strategic alliance between CSI and CTL will complement CSI’s presence in the Asia-Pacific region and other markets, and will allow CTL to access CSI’s strong platforms in the U.S., Canada, Mexico, Central and South America, and Europe.

“This is a great opportunity in the ongoing evolution of our company,” said CSI founder and chairman, Ken Steinback. “We will be working together with a strong and creative team from CTL who appreciates the strength and durability of our customer-focused business model. The entire CSI marketing and back office teams remain in place and it is business as usual for our customers.”

The transaction is expected to close by March 31, 2015 and CTL will assume two seats on CSI’s board of directors.

CSI is a privately-held equipment leasing and equipment lifecycle company in the U.S. and has operations in 30 countries worldwide. CTL offers a range of products, including IT and automobile leasing, as well as financings in real estate, shipping, aircraft, healthcare and environmental energy. Like CSI, CTL has an overseas network and operates in more than 10 countries worldwide.