Announced
Completed
Synopsis
Pacific Rim Capital, Inc. has received a significant investment from Fuyo General Lease Co, Ltd. 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, PRC will maintain its Minority Business Enterprise 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. 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."
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