Mitsubishi HC Capital’s executive committee approved the merger of CAI International and Beacon Intermodal Leasing, LLC. The merger will be effective Jan. 1, 2023. The combined company, CAI, will be headquartered in San Francisco and led by CEO, Timothy Page, and president, Katherine McCabe.

“We are excited to make this announcement today. We are one team, with a long-term vision of providing consistent, exceptional service to our customers,” Page said.

“With the financial strength of Mitsubishi HC Capital, along with marketing and technical expertise of the CAI and Beacon organizations,” McCabe said, “we look forward to expanding the relationships we have with our customers and other business partners.”