NEW YORK, April 04, 2024–(BUSINESS WIRE)–JA Mitsui Leasing, Ltd. (JAML) through its subsidiary, JA Mitsui Leasing USA Holdings, Inc., announced today that it has acquired a 100% interest in Oakmont Capital Holdings, LLC (DBA Oakmont Capital Services) (OCS), a leading specialty finance company that delivers broad-spectrum solutions for essential-use, small-ticket equipment.
“We are excited to supercharge JAML’s strategic North American expansion efforts alongside this highly skilled and experienced team,” said Kiyoshi Doi, CEO of JA Mitsui Leasing USA. “As a consequence of continued capital markets dislocation, the equipment finance landscape is undergoing profound changes, and the Oakmont Capital team’s deep industry expertise will enable JAML to effectively meet the extensive financing needs of U.S. companies.”
He added, “The Oakmont platform is a natural complement to our group companies in the United States, including First Financial Equipment Leasing, Katsumi Global (DBA JA Mitsui Capital Americas), and Modern Rail Car. Collectively, JAML can now deliver comprehensive, expert, and timely lending and leasing solutions across the North American market.”
“For over 25 years, OCS has built rapport within the equipment finance industry and with our customers,” said Joe Leonard, OCS President, CEO and Co-Founder. “We’re honored to join the JA Mitsui Leasing family of companies to take our offerings to the next level and better serve our customers, partners, and employees.”
OCS Vice President and COO Daryn Lecy added, “For over six years, OCS has been on an upward trajectory in volume, technological advancements, headcount, and more. We’re thrilled to combine our strengths and resources with JA Mitsui Leasing to elevate our offerings and continue to approach a growth mindset with a strong strategic vision that will benefit all.”
Established in 1998 as an equipment finance broker, OCS has matured into a direct lender with offices in West Chester, Pennsylvania, and Albany, Minnesota, with a staff of over sixty finance professionals. OCS’s mission is to provide a direct and exceptional commercial equipment finance experience focusing on building relationships. The company will continue to use the Oakmont Capital Services brand, and there will be no changes to the current management or team.
About Oakmont Capital Holdings, LLC
Oakmont Capital Holdings, LLC, doing business as Oakmont Capital Services (OCS), is a direct lender providing commercial equipment financing and working capital throughout all 50 United States. Our seasoned finance professionals work across many industry verticals, helping customers secure funding quickly and easily via a streamlined, virtual process. For more information, visit www.oakmontfinance.com.
About JA Mitsui Leasing, Ltd.
JAML is a global leasing company headquartered in Japan with a footprint across Japan, Asia and North America and total operating assets exceeding USD 16 billion. The main shareholders of JAML are The Norinchukin Bank and Mitsui & Co., Ltd., both “A” rated by S&P. By combining the strengths of both parent companies, JAML takes advantage of its multiple channels, leading financial parents, and wide client network to provide best-in-class leasing and asset finance solutions for its customers. For more information, visit www.jamitsuilease.co.jp/en/.
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