Pacific Rim Capital 49% stake acquired by Fuyo General Lease

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Jan 22, 2019, 13:48 ET

IRVINE, Calif., Jan. 22, 2019 /PRNewswire/ -- Pacific Rim Capital, Inc. ("PRC") is pleased to announce that it has received a significant investment from Fuyo General Lease Co, Ltd. ("FGL"). FGL, a leading Japanese lessor, has made this investment as part of a strategy of promoting advancement into new areas through investment and collaboration with non-Japanese leasing companies. PRC is a leading independent leasing company that primarily conducts operating leases of material handling equipment in the USA, Mexico and Canada.

Significantly, through the National Minority Supplier Development Council ("NMSDC"), PRC will maintain its Minority Business Enterprise ("MBE") 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.

David Mirsky, CEO, said, "We are very pleased to have finalized this investment with Fuyo General Lease, Ltd. We have had a longstanding and successful relationship with FGL, and we expect that this new collaboration will enable PRC to expand into new geographical markets, access more clients, and increase our financial capabilities. We look forward to continuing to provide PRC's well-known award-winning service to our large multi-national client base all over the world. This partnership fulfills our goals of enabling PRC to increase its originations and to be able to operate long after the founding generation retires."

Marc Mills, President, said, "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."

David Mirsky
[email protected]

Marc Mills
[email protected]

SOURCE Pacific Rim Capital, Inc.