JA Mitsui Leasing to Acquire Independent Lessor First Financial

Independent equipment lessor First Financial Corporate Services signed a definitive acquisition agreement with JA Mitsui Leasing, under which JA Mitsui’s American subsidiary will acquire 100% of First Financial and the majority of its holdings.

JA Mitsui Group (JAMG) is expanding operations in North America and will combine FFCSI’s infrastructure, expertise, and people with JAMG’s financial strength and customer network to expand leasing services offered in North America.

Established in 2000, FFCSI helps customers acquire new technologies in three key markets: healthcare, warehouse automation, and information technology.

“Over the years, our dedication to these core markets has proven that we have the knowledge needed to provide our customers with creative solutions while evolving in these dynamic markets,” said Tom Slevin, First Financial co-founder and co-president. “Our new relationship with JA Mitsui will provide tremendous opportunities for us to expand our presence while exploring new opportunities to reach a broader customer base.”

Richard Stebbins, First Financial’s other co-founder and co-president, added, “We are very pleased to join the JA Mitsui leasing family and serve as the cornerstone of their growth strategy throughout the U.S. and Canada. Upon completion of the acquisition, our current management and team will remain in place, and the company will continue to use the First Financial Corporate Services brand we have built. Our customers, vendors and partners will continue to receive the same outstanding service and support that have been the building blocks of First Financial for almost 20 years.”

CrestMount Advisors served as financial advisor to First Financial.

JA Mitsui Leasing is a Japanese equipment leasing company which provides leasing and financial solutions in Japan and across the world, with total operating assets of over US $10 billion.

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